A quick look at the effect of Russia's sanctions against EU and vice versa, from the perspective of the economy of Estonia. "Happy Anniversary! - One Year of Sanctions by Russia - Effect on Estonia" looks at the export and import of Estonia, the GDP and unemployment rate. Published in light of one year passing since Russia sanctioned most food products from the EU on August 6th 2014.

4. SWEDEN
GDP: 526b
Pop: 9,8m
RUSSIA
GDP: 2 022b
Pop: 146,3m
FINLAND
GDP: 250b
Pop: 5,5m
ESTONIA
GDP: 28b
Pop: 1,3m
LATVIA
GDP: 38b
Pop: 2,0m
LITHUANIA
GDP: 52b
Pop: 2,9m

5. 267
402
605
710
880
601
844
1 312
1 512
1 411
1 187
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Estonia’s Export of Goods to Russia
in million euros

6. 61
139
204
279
305
216
262
426
509
548
514
282
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Estonia’s Export of Goods to Russia, Jan-May
in million euros

7. 0
10
20
30
40
50
60
70
80
90
EUR vs RUB rate 2011 Jan to 2015 May
2011 2012 2013 2014 2015

8. 0
50
100
150
200
250
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Estonia’s Export of Goods to Russia, Jan-May, by category
in million euros
Machinery and mechanical appliances; electrical equipment
Products of the chemical or allied industries
Prepared foodstuffs; beverages, spirits and vinegar

9. 3,4
9,2
16,6 16,6
14,6
22,7
36,6
35,0
29,3
31,8
21,0
0,6
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Estonia’s Export of Goods to Russia, Jan-May, by category
in million euros
Animal products (Fish, dairy products)

10. 617
755
1 389
1 157
832
597
763
1 265
1 004
787 852
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Estonia’s Import of Goods from Russia
in million euros

11. 259
321
613
646
355
299
372
707
476
396 384
357
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Estonia’s Import of Goods from Russia, Jan-May
in million euros

12. 0
100
200
300
400
500
600
700
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Estonia’s Import of Goods from Russia, Jan-May, by category
in million euros
Mineral products (incl motor oils)

14. There has been a drop in total exports,
but not a noticeable one (-1,4%)
1 825
2 347
3 134 3 327 3 538
2 516
3 184
4 955 5 056
5 297
4 897 4 828
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Estonia’s Total Exports, Jan-May
in million euros

15. 2013 Jan-May 2014 Jan-May 2015 Jan-May
#Country EUR (in mill) #Country EUR (in mill) #Country EUR (in mill)
1Finland 923,6 1Sweden 837,1 1Sweden 929,0
2Sweden 896,9 2Finland 765,8 2Finland 747,4
3Russia 548,5 3Latvia 521,3 3Latvia 483,6
4Latvia 506,2 4Russia 513,8 4Russia 281,9
5Lithuania 324,9 5Lithuania 264,8 5Lithuania 261,3
6Germany 236,9 6Germany 246,2 6Germany 259,5
7Norway 197,9 7Norway 210,0 7Norway 204,1
8USA 175,3 8USA 172,8 8USA 171,8
9Netherlands 131,4 9Denmark 140,2 9Netherlands 166,5
10Denmark 124,9 10Belgium 131,5 10Denmark 145,6
TOP10 4066,5 TOP10 3803,4 TOP10 3650,8
Total 5296,6 Total 4897,3 Total 4828,2

16. 2013 2014 2015
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
GDP at current prices, million euros 4 356,9 4 726,9 4 765,2 4 889,7 4 530,0 4 934,6 4 931,9 5 128,7 4 651,6
GDP chain-linked volume, change compared with
previous period, percentages
-6,4 6,8 -2,1 3,9 -7,5 8,8 -2,1 4,5 -9,2
GDP chain-linked volume, change compared with
same period of previous year, percentages
3,9 0,8 0,3 1,7 0,5 2,3 2,4 3 1,1

17. 2013 2014 2015
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Unemployment rate, % 10 8 7,8 8,7 8,5 7 7,5 6,3 6,6

19. More of a breeze than a storm.

20. • Thanks!