With limited exports to Russia and Ukraine, a relatively low dependence on Russian gas and no direct links between the Romanian banking sector and the financial institutions in the two countries, Romania is not exposed to significant risks in the context of recent geopolitical conflict, according to Central Bank BNR governor Mugur Isarescu.

Potential economic restrictions or disruptions in trade could affect Romania’s exports or gas supply, but risks from Russia-Ukraine tensions regarding Romania “seem manageable,” according to the “Romania: Recent Macroeconomic & Banking System Developments” presentation of Mugur Isarescu, quoted by local Mediafax.

Romania’s exports to Russia and Ukraine represent only 4.7 percent of the total exports, so a drop of 10 percent in these exchanges would reduce the GDP growth rate by 0.16 percentage points, reads the presentation.

editor@romania-insider.com