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Are the Economic Sanctions against Russia Effective?

Author

Listed:
  • Konstantin A. Kholodilin
  • Dirk Ulbricht
  • Georg Wagner

Abstract

The introduced sanctions against Russia, which at the moment are on a level of travel bans and asset freezes against a limited group of individuals and firms, are unlikely to trigger a profound change in Russian foreign policy. This can primarily be attributed to the fact that the economic impact of the sanctions is rather low. However, the current political tensions have had an impact on financial and non-financial indicators, including a possibly persistent effect on government bond yields.

Suggested Citation

  • Konstantin A. Kholodilin & Dirk Ulbricht & Georg Wagner, 2014. "Are the Economic Sanctions against Russia Effective?," DIW Roundup: Politik im Fokus 28, DIW Berlin, German Institute for Economic Research.
    • Handle: RePEc:diw:diwrup:28en
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.469515.de/DIW_Roundup_28_en.pdf
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    References listed on IDEAS

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    1. Caruso Raul, 2003. "The Impact of International Economic Sanctions on Trade: An Empirical Analysis," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 9(2), pages 1-36, April.
    2. Lam, San Ling, 1990. "Economic sanctions and the success of foreign policy goals : A critical evaluation," Japan and the World Economy, Elsevier, vol. 2(3), pages 239-248, September.
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    4. T. Clifton Morgan & Valerie Schwebach, 1995. "Economic sanctions as an instrument of foreign policy: The role of domestic politics," International Interactions, Taylor & Francis Journals, vol. 21(3), pages 247-263.
    5. Shane Bonetti, 1998. "Distinguishing characteristics of degrees of success and failure in economic sanctions episodes," Applied Economics, Taylor & Francis Journals, vol. 30(6), pages 805-813.
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    Cited by:

    1. repec:zbw:bofitp:2019_024 is not listed on IDEAS
    2. Andreea-Emanuela Drăgoi & Dorina Clichici, 2017. "The USA and the Russian Federation: What’s next in the post-sanctions era," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 5(1), pages 54-65, June.
    3. Andreea – Emanuela Drǎgoi & Napoleon Pop, 2016. "Scenario Analysis for the Perspectives of the EU-Russian Federation Relationship," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 4(2), pages 66-73, November.
    4. Baumann, Alexendra & Wohlrabe, Klaus, 2019. "Publikationen von Wirtschaftsforschungsinstituten im deutschsprachigen Raum - Eine bibliometrische Analyse [Publications of Economic Research Insitutes in the German Speaking Area - A bibliometric ," MPRA Paper 92240, University Library of Munich, Germany.
    5. Barseghyan, Gayane, 2019. "Sanctions and counter-sanctions : What did they do?," BOFIT Discussion Papers 24/2019, Bank of Finland, Institute for Economies in Transition.
    6. Peter Havlik, 2014. "Economic Consequences of the Ukraine Conflict," wiiw Policy Notes 14, The Vienna Institute for International Economic Studies, wiiw.
    7. Galkin, Andrei S. & Gurov, Ilya N. & Studnikov, Sergey S., 2020. "Accounting mechanism for information signals about the imposition of sanctions in valuation of a company," Economic Consultant, Roman I. Ostapenko, vol. 29(1), pages 57-64.
    8. Oliver Fritz & Elisabeth Christen & Franz Sinabell & Julian Hinz, 2017. "Russia's and the EU's Sanctions. Economic and Trade Effects, Compliance and the Way Forward," WIFO Studies, WIFO, number 60669, April.
    9. Opitz, Alexander, 2015. "Democratic prospects in Imperial Russia: The revolution of 1905 and the political stock market," Hohenheim Discussion Papers in Business, Economics and Social Sciences 15-2015, University of Hohenheim, Faculty of Business, Economics and Social Sciences.

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