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The Effects of Economic Sanctions Within the Russia-Ukraine Conflict

The Effects of Economic Sanctions Within the Russia-Ukraine Conflict
Author: Morad Bali
Publisher:
Total Pages: 0
Release: 2024
Genre: Economic sanctions
ISBN:

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"The Russia-Ukraine conflict is a critical geopolitical issue with far-reaching implications. Understanding the impact of economic sanctions against Russia in this context provides insights into how nations use economic coercion to influence international events. Because economic sanctions have significant ramifications, studying their effects is crucial for businesses, policymakers, economists, and the public at large. In this book, the editor selected six studies written by researchers from diverse perspectives who all have the particularity to be specialised in economic coercion and/or Russia. We are offering a unique overview of very specific themes that have not been examined before: how can a boycott of Russian oil strengthen/weaken Russia's tendency to autocracy? What are the sociological repercussions for Russian science? Was Russia's import-substitution strategy and industrial production affected by Western sanctions? Which factors influenced firms' decisions to suspend or withdraw business operations in Russia? How were high-tech exports of Russian small and medium-sized enterprises influenced by sanctions? This book will not leave these questions unanswered, and will even go beyond by offering a final chapter that provides a complete and comprehensive assessment of economic sanctions' impact on the Russian economy, covering sanctions implemented between 2014 and 2023"--


Do Economic Sanctions Work? Evidence from the Russia-Ukraine Conflict

Do Economic Sanctions Work? Evidence from the Russia-Ukraine Conflict
Author: Ajai Gaur
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN:

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This study examines the impact of sanctions on Russian firms and the strategies these firms adopt to counter the effects of targeted sanctions. We utilize institutional theory to explain how firms shape their strategic responses as they balance the institutional pressures from their home environment vis-à-vis sanctioning countries. We gather longitudinal data on Russian firms that faced foreign sanctions from the start of the invasion of Crimea in 2014 until 2020. Our empirical analyses indicate that sanctions do not have a persistent negative effect on the economic performance of Russian firms. We discuss the empirical findings with the help of a series of illustrative examples of specific actions that Russian firms undertook in response to the sanctions. We conclude that while targeted sanctions create symbolic meaning in foreign relations and create financial friction for targeted firms, firms use a variety of adaptation strategies that negate the economic impact of these sanctions.


Russia's Invasion of Ukraine

Russia's Invasion of Ukraine
Author: Paul J. J. Welfens
Publisher: Springer Nature
Total Pages: 401
Release: 2023-01-01
Genre: Political Science
ISBN: 3031191382

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This book presents a cutting-edge analysis of the economic effects and challenges of Russia’s invasion of Ukraine, with a special focus on EU sanctions on Russian energy and Ukraine’s political relationship with the European Union in a global context. Welfens outlines key macroeconomic perspectives on the ongoing conflict between Russia and Ukraine, highlighting in particular how sanctions posed by the international community will have a wider economic impact than what has so far been envisaged. The book discusses the effects of Russian gas supply boycotts against Western countries as well as global effects of an EU energy import boycott on Russia, especially for China and the Asian continent. An innovative proposal to cut electricity prices is presented. It also explores the challenges to relations between the EU, China and Russia caused by the invasion, the effects of the unfolding refugee crisis (within a post-Brexit EU), military and humanitarian aid pledges to Ukraine, and the risks of reduced multilateralism within the world economy as a direct result of the war. The book also analyses the risks and benefits of potential enlargement of the EU to integrate Ukraine as a member state. The topics covered by the book are all set within a long-run view of diplomatic and economic relations between the West, Russia and Ukraine. The factors analysed here provide a new, broader picture of the international effects of the conflict, as well as its potential implications for policy design as we enter a new global order marked by the Russo-Ukrainian war. The book will be of interest to researchers and policy-makers working in international economics, new political economy, European politics and integration, and macroeconomics more broadly.


Russia's Response to Sanctions

Russia's Response to Sanctions
Author: Richard Connolly
Publisher: Cambridge University Press
Total Pages: 245
Release: 2018-07-05
Genre: Business & Economics
ISBN: 1108415024

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The first in-depth scholarly analysis of the effects of Western sanctions, and Russia's response on the Russian economy.


The Russia Sanctions

The Russia Sanctions
Author: Christine Abely
Publisher: Cambridge University Press
Total Pages: 225
Release: 2023-12-31
Genre: Law
ISBN: 100936121X

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In The Russia Sanctions, Christine Abely examines the international trade measures and sanctions deployed against Russia in response to its 2022 invasion of Ukraine. Abely situates contemporary sanctions within their larger historical and economic backgrounds and provides a uniquely accessible analysis of the historic export controls and import restrictions enacted since 2022. She argues that these sanctions have affected, and will continue to affect, global trading patterns, financial integration, and foreign policy in novel ways. In particular, she examines the effects of sanctions on energy, food, fertilizer, the financial system, and the global use of the US dollar, including trends of de-dollarization. Coverage includes sanctions against oligarchs, the freezing and seizure of assets, and steps taken to make sanctions more effective by promoting financial transparency worldwide.


Empirical Effects of Sanctions and Support Measures on Stock Prices and Exchange Rates in the Russia-Ukraine War

Empirical Effects of Sanctions and Support Measures on Stock Prices and Exchange Rates in the Russia-Ukraine War
Author: Jens Klose
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN:

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What are the effects of sanctions and economic support on stock prices and exchange rates in the Russia-Ukraine war? We address this question using a panel-VAR model that incorporates data from 23 countries, besides Russia and Ukraine, spanning the period from 02/01/2022 to 02/24/2023. Our analysis relies on a detailed database to capture the nuances of sanctions and economic support. The results are presented from three distinct perspectives: firstly, in relation to the global economies; secondly, with regard to Russia; and thirdly, concerning Ukraine. The findings reveal that the overall impact of economic support provided to Ukraine is generally limited. In contrast, sanctions imposed by countries have minimal effects on the sanctioning country itself, but they can have significant consequences for the targeted nation. This is particularly evident when financial sanctions are implemented. However, it is important to note that such sanctions also exert effects on the opposing party in the war, Ukraine. Furthermore, if the sanctions originate from G7 or developed countries, the effects on Russia tend to be more pronounced.


War by Other Means

War by Other Means
Author: Angela Borozna
Publisher: Springer Nature
Total Pages: 225
Release: 2024
Genre: Economic sanctions
ISBN: 3031513703

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This book is required reading to grasp the dynamics of economic sanctions. Drawing on recent Western sanctions imposed on the Russian economy, it provides a persuasive corrective to the dominant perspective that sanctions undermine target countries. -Immanuel Ness, Chairperson and Professor of Political Science, Brooklyn College, NY. This is an outstanding contribution to the literature. It provides a comprehensive and balanced analysis of the role of sanctions in the contemporary era. -Alan W. Cafruny, Henry Bristol Professor of International Affairs, Department of Government, Hamilton College, USA. This important study shows how Russia has survived being the most sanctioned country in the world by reorienting its trade towards the East and creating import-substitution policies and investment in local industries. -Jeremy Kuzmarov, author of The Russians are Coming, Again: The First Cold War as Tragedy, the Second as Farce. A timely contribution to the growing sanctions literature that urges policy adjustment to new geopolitical realities. -Dr. Ksenia Kirkham, Lecturer in the Department of War Studies, King's College London. This book analyses the goals of Western sanctions imposed on Russia from 2014 to 2023. It explores the effects of sanctions on the Russian economy and its political course, as well as the repercussions of the sanctions to the senders and third parties, including spillover effects on neighboring countries and boomerang effects on the senders. While sanctions can be considered relatively effective in terms of economic consequences, the Russian economy is far from being crushed. Importantly, sanctions proved to be ineffective as an instrument of foreign policy. They have failed to alter Moscow's resolve to continue its military operation and are unlikely to change it in the near future. Dr. Angela Borozna is Adjunct Professor at California State University, Fullerton. Dr. Lada V. Kochtcheeva is Professor of Political Science in the School of Public and International Affairs at the North Carolina State University.


The Economic Weapon

The Economic Weapon
Author: Nicholas Mulder
Publisher: Yale University Press
Total Pages: 449
Release: 2022
Genre: BUSINESS & ECONOMICS
ISBN: 0300259360

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Tracing the history of economic sanctions from the blockades of World War I to the policing of colonial empires and the interwar confrontation with fascism, Nicholas Mulder combines political, economic, legal, and military history to reveal how a coercive wartime tool was adopted as an instrument of peacekeeping by the League of Nations.This timely study casts an overdue light on why sanctions are widely considered a form of war, and why their unintended consequences are so tremendous.


Economic Impact on the EU of Sanctions Over Ukraine Conflict

Economic Impact on the EU of Sanctions Over Ukraine Conflict
Author: Marcin Szczepański
Publisher:
Total Pages: 9
Release: 2015
Genre: Economic sanctions, European
ISBN:

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Russia is the European Union's third-biggest trading partner. Beginning in early 2014, the EU introduced and extended a range of diplomatic and economic sanctions against the Russian Federation in protest at Russian involvement in destabilising Ukraine and violation of Ukraine's territorial integrity. The most visible direct effect is the substantial fall in EU agri-food exports to Russia. The losses are, however, mitigated to a large extent by redirecting exports to alternative markets.