IMF on Russia’s links with the rest of the CIS
Research by the IMF, which covers the relationship between CIS countries and Russia, reveals the continued existence of economic links between the countries and Russia.
However, these links may have altered since the 1998 crisis.
Russia appears to influence regional growth mainly through the remittance channel and somewhat less so through the financial channel. The trade channel has a shrinking role.
Russian growth shocks have sizable effects on Belarus, Kazakhstan, Kyrgyz Republic, Tajikistan
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