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Trade Between Central And Eastern European Countries And The Russian Federation In The Context Of Sanctions And Counter-Sanctions

Author

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  • Livia CEBOTARI

    (Economics and International Affairs Doctoral School, Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The year 2014 marked the deepest crisis in EU-Russia relations since the dissolution of the Soviet Union. The bilateral relations cooled down because of the Ukrainian conflict. The EU started to impose restrictive measures on Russian Federation and Russia has responded by imposing counter-sanctions. The sanctions imposed by European Union in conjunction with the counter-sanctions adopted by the Russian Federation on EU food imports had massive consequences on the bilateral trade. The main purpose of this research is to identify and evaluate the impact of sanctions and counter-sanctions on trade in goods between eleven Central and Eastern European Countries and the Russian Federation. This paper tries to determine the factors that can explain why, after the adoption of economic sanctions, some Central and Eastern European Countries recorded losses higher than others. The research methodology combines tools of both quantitative analysis and qualitative analysis.

Suggested Citation

  • Livia CEBOTARI, 2021. "Trade Between Central And Eastern European Countries And The Russian Federation In The Context Of Sanctions And Counter-Sanctions," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 30(2), pages 435-447, December.
    • Handle: RePEc:ora:journl:v:30:y:2021:i:2:p:435-447
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    File URL: http://anale.steconomiceuoradea.ro/volume/2021/n2/046.pdf
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    References listed on IDEAS

    as
    1. Morad Bali, 2018. "The Impact of Economic Sanctions on Russia and its Six Greatest European Trade Partners," Post-Print halshs-01918521, HAL.
    2. Francesco Giumelli, 2017. "The Redistributive Impact of Restrictive Measures on EU Members: Winners and Losers from Imposing Sanctions on Russia," Journal of Common Market Studies, Wiley Blackwell, vol. 55(5), pages 1062-1080, September.
    3. Gurvich, Evsey & Prilepskiy, Ilya, 2015. "The impact of financial sanctions on the Russian economy," Russian Journal of Economics, Elsevier, vol. 1(4), pages 359-385.
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    More about this item

    Keywords

    European Union; Russian Federation; economic relations; economic sanctions;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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