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Economic Sanctions of the West against Russia: Development of the Situation

Author

Listed:
  • M. V. Klinova

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences)

  • E. A. Sidorova

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences)

Abstract

The article analyzes the content of economic sanctions of Western countries against Russia (from 2014 to August 2018). It shows the evolution of the motivation and perception of sanctions by the main countries involved. Negative consequences for the countries not participating in the sanctions confrontation as well as for the world economy as a whole are considered. An increasing contradiction between the goal setting of the US and EU sanctions is shown.

Suggested Citation

  • M. V. Klinova & E. A. Sidorova, 2019. "Economic Sanctions of the West against Russia: Development of the Situation," Studies on Russian Economic Development, Springer, vol. 30(3), pages 355-364, May.
    • Handle: RePEc:spr:sorede:v:30:y:2019:i:3:d:10.1134_s1075700719030079
    DOI: 10.1134/S1075700719030079
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    References listed on IDEAS

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    1. Smeets, Maarten, 2018. "Can economic sanctions be effective?," WTO Staff Working Papers ERSD-2018-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    2. Matthieu Crozet & Julian Hinz, 2020. "Friendly fire: the trade impact of the Russia sanctions and counter-sanctions," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 35(101), pages 97-146.
    3. Matthieu Crozet & Julian Hinz, 2016. "Collateral Damage: The impact of the Russia sanctions on sanctioning countries’ exports," Working Papers 2016-16, CEPII research center.
    4. Oliver Fritz & Elisabeth Christen & Franz Sinabell & Julian Hinz, 2017. "Russia's and the EU's Sanctions. Economic and Trade Effects, Compliance and the Way Forward," WIFO Studies, WIFO, number 60669, March.
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    Cited by:

    1. D. B. Kuvalin & Yu. V. Zinchenko & P. A. Lavrinenko, 2020. "Russian Enterprises at the End of 2019: Operating in Conditions of Economic Stagnation and Attitudes towards Corporate Social Responsibility," Studies on Russian Economic Development, Springer, vol. 31(3), pages 335-346, May.
    2. Morad Bali & Thanh T. Nguyen & Lincoln F. Pratson, 2024. "Impacts of EU Sanctions Levied in 2014 on Individual European Countries' Exports to Russia: Winners and Losers," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 50(2), pages 154-194, April.
    3. Nguyen, Trung Thanh & Do, Manh Hung, 2021. "Impact of economic sanctions and counter-sanctions on the Russian Federation’s trade," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 267-278.

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