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The Ukraine conflict, economic-military power balances and economic sanctions



The evolution and outcomes of conflicts in Europe, including the current one in Ukraine, have been influenced by the dynamics of economic, technological and military balances, which in turn are affected by the economic warfare and sanctions that have been used to alter them. This article reviews defence economic concepts of relevance to the Ukraine conflict and then draws out lessons for the present concerning power balances, military capabilities, conventional deterrence, economic warfare and counter-measures against sanctions from experiences in Europe in the twentieth century. An evaluation is made of the impacts of economic sanctions on Russia and Ukraine in 2014–2016

Suggested Citation

  • Davis, Christopher Mark, 2016. "The Ukraine conflict, economic-military power balances and economic sanctions," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 7-29, June.
  • Handle: RePEc:rnp:ecopol:e1631

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    References listed on IDEAS

    1. Stephanie Bell & L. Randall Wray, "undated". "The War on Poverty After 40 Years: A Minskyan Assessment," Economics Public Policy Brief Archive ppb_78, Levy Economics Institute.
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    Cited by:

    1. Ankudinov, Andrei & Ibragimov, Rustam & Lebedev, Oleg, 2017. "Sanctions and the Russian stock market," Research in International Business and Finance, Elsevier, vol. 40(C), pages 150-162.

    More about this item


    economic power; military capabilities; technology; economic warfare and sanctions; Russia; Ukraine.;

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation


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