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Are the Economic Sanctions against Russia Effective?

Author

Listed:
  • Konstantin 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 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: http://www.diw.de/documents/publikationen/73/diw_01.c.469515.de/DIW_Roundup_28_en.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Ager, P. & Kappler, M. & Osterloh, S., 2009. "The accuracy and efficiency of the Consensus Forecasts: A further application and extension of the pooled approach," International Journal of Forecasting, Elsevier, vol. 25(1), pages 167-181.
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    Cited by:

    1. Peter Havlik, 2014. "Economic Consequences of the Ukraine Conflict," wiiw Policy Notes 14, The Vienna Institute for International Economic Studies, wiiw.
    2. repec:ntu:ntugeo:vol5-iss1-17-054 is not listed on IDEAS
    3. 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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