The Spillover Effects Of Russia'S Economic Slowdown On Neighboring Countries

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States and, to a lesser extent, on Baltic countries. The degree of impact is commensurate with the level of these countries' trade, remittances, and foreign direct investment links with Russia.