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Why Sanctions Against Russia Work

Author

Listed:
  • Rácz András

    (German Council on Foreign Relations (DGAP), Berlin, Germany.)

  • Spillner Ole

    (German Council on Foreign Relations (DGAP), Berlin, Germany.)

  • Wolff Guntram B.

    (German Council on Foreign Relations (DGAP), Berlin, Germany.)

Abstract

Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not prevented Putin from ordering an invasion of Ukraine in February 2022, in the overall picture, they have significantly weakened Russia’s ability to wage war. This paper demonstrates the effectiveness of the sanctions and argues that the EU should maintain and tighten sanctions, thus further weakening the military and economic power of the Putin regime.

Suggested Citation

  • Rácz András & Spillner Ole & Wolff Guntram B., 2023. "Why Sanctions Against Russia Work," Intereconomics: Review of European Economic Policy, Sciendo, vol. 58(1), pages 52-55, January.
    • Handle: RePEc:vrs:intere:v:58:y:2023:i:1:p:52-55:n:2
    DOI: 10.2478/ie-2023-0009
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    References listed on IDEAS

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    1. Sonali Chowdhry & Julian Hinz & Katrin Kamin, 2022. "Brothers in arms: The value of coalitions in sanctions regimes," RSCAS Working Papers 2022/62, European University Institute.
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    More about this item

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • B17 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - International Trade and Finance

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