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Commercial Embargoes Against Russia

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  • Sefa Giray TEPE

Abstract

This study aims to evaluate economic sanctions and trade embargoes imposed against Russia. In this context, information is provided on economic sanctions and types of economic sanctions in the study prepared by using document analysis. Then, the sanctions imposed on Russia, the sanctions imposed by the European Union countries and the United States of America are evaluated. Then, the financial sanctions imposed on Russia, the effects of these sanctions on the Russian economy and the effects of the sanctions on the Russian policy area are evaluated. As a result of the study, it is seen that the disagreements and conflicts that started between Russia and Ukraine in 2014 and continued with Russia's destructive initiatives are not accepted especially by the United States of America and the European Union countries and have caused the development of trade embargoes and economic sanctions against Russia. In this context, it has been determined that the sanctions imposed have debilitating effects on the Russian economy as well as its general situation, but they do not have a deterrent effect.

Suggested Citation

  • Sefa Giray TEPE, 2025. "Commercial Embargoes Against Russia," Eurasian Academy Of Sciences Social Sciences Journal, Eurasian Academy Of Sciences, vol. 60(60), pages 111-124, February.
    • Handle: RePEc:eas:journl:v:60:y:2025:i:60:p:111-124
    DOI: 10.17740/eas.soc.2025.V60.07
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    References listed on IDEAS

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    1. Dreger, Christian & Kholodilin, Konstantin A. & Ulbricht, Dirk & Fidrmuc, Jarko, 2016. "Between the hammer and the anvil: The impact of economic sanctions and oil prices on Russia’s ruble," Journal of Comparative Economics, Elsevier, vol. 44(2), pages 295-308.
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