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Economic Sanctions: Evolution, Consequences, and Challenges

Citations

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Cited by:

  1. Elias Dinopoulos & Constantinos Syropoulos & Theofanis Tsoulouhas, 2023. "Global Innovation Contests," Games, MDPI, vol. 14(1), pages 1-24, February.
  2. Funke, Michael & Wende, Adrian, 2025. "The Limited Effectiveness of Sanctions on Russia: Modeling Loopholes and Workarounds," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325396, Verein für Socialpolitik / German Economic Association.
  3. Djankov, Simeon & Su, Meng, 2025. "The targeting of economic sanctions," Economics Letters, Elsevier, vol. 248(C).
  4. Chen, Mo & Xue, Wei-Xian & Zhao, Xin-Xin & Chang, Chun-Ping & Liu, Xiaoxia, 2024. "The impact of economic sanctions on the COVID-19 pandemic," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 163-174.
  5. Lisa Scheckenhofer & Feodora A. Teti & Joschka Wanner, 2025. "Dodging Trade Sanctions? Evidence from Military Goods," AEA Papers and Proceedings, American Economic Association, vol. 115, pages 573-577, May.
  6. repec:osf:osfxxx:a2dyq_v1 is not listed on IDEAS
  7. Floudas, Demetrius, 2023. "Explaining the Limited Impact of Sanctions on Russia," MPRA Paper 121346, University Library of Munich, Germany, revised Jan 2024.
  8. Benchimol, Jonathan & Palumbo, Luigi, 2024. "Sanctions and Russian online prices," Journal of Economic Behavior & Organization, Elsevier, vol. 225(C), pages 483-521.
  9. Zhou, Jiaxin & Wang, Shihao & Duan, Haipeng, 2025. "The impact of trade sanctions on financial risk: Empirical evidence from global data," Pacific-Basin Finance Journal, Elsevier, vol. 94(C).
  10. Jerg Gutmann & Matthias Neuenkirch & Florian Neumeier, 2024. "Political Economy of International Sanctions," Research Papers in Economics 2024-07, University of Trier, Department of Economics.
  11. Stergios Skaperdas & Samarth Vaidya, 2025. "Guns, Lawyers, and Markets: On Economic and Political Consequences of Costly Conflict," CESifo Working Paper Series 12135, CESifo.
  12. Görg, Holger & Jacobs, Anna & Meuchelböck, Saskia, 2024. "Who is to suffer? Quantifying the impact of sanctions on German firms," Journal of Economic Behavior & Organization, Elsevier, vol. 228(C).
  13. Dominika Langenmayr & Mikayel Tovmasyan & Sebastian Vosseler, 2025. "Bypassing Sanctions: Hide 'N Seek in Tax Havens?," Working Papers 202536, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
  14. Farzanegan Mohammad Reza & Batmanghelidj Esfandyar, 2023. "Understanding Economic Sanctions on Iran: A Survey," The Economists' Voice, De Gruyter, vol. 20(2), pages 197-226, December.
  15. He, Canfei & Li, Jing & Wang, Wenyu & Zhang, Peng, 2024. "Regional resilience during a trade war: The role of global connections and local networks," Journal of World Business, Elsevier, vol. 59(5).
  16. Malte Becker & Tobias Heidland, 2025. "Geopolitical Tensions and Migration," Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, Duncker & Humblot, Berlin, vol. 2(1), pages 23-35.
  17. Martin Bernstein & Josefin Meyer & Kevin O'Rourke & Moritz Schularick, 2025. "Economic Insecurity: Trade Dependencies And Their Weaponization In History," Sciences Po Economics Publications (main) hal-05460228, HAL.
  18. U, Tony Sio-Chong & Lin, Yongjia & Wang, Yizhi, 2024. "The impact of the Russia–Ukraine war on volatility spillovers," International Review of Financial Analysis, Elsevier, vol. 93(C).
  19. Nicolas Gavoille, 2025. "A short drop or a sudden stop? Sanctions, trade shocks, and firms' adjustment margins," Working Papers 2025/03, Latvijas Banka.
  20. Shchepeleva, Maria & Stolbov, Mikhail & Weill, Laurent, 2024. "Do sanctions trigger financial crises?," Finance Research Letters, Elsevier, vol. 64(C).
  21. Gabriel Felbermayr & Constantinos Syropoulos & Erdal Yalcin & Yoto V. Yotov, 2025. "On the heterogeneous effects of sanctions on trade," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 58(1), pages 247-280, February.
  22. Zareei, Afsaneh & Wadensjö, Eskil, 2024. "Sanctions and Their Effects on the Labor Market and the Economy," IZA Discussion Papers 17467, IZA Network @ LISER.
  23. Gabriel Felbermayr & T. Clifton Morgan & Constantinos Syropoulos & Yoto V. Yotov, 2025. "Economic Sanctions: Stylized Facts and Quantitative Evidence," Annual Review of Economics, Annual Reviews, vol. 17(1), pages 175-195, August.
  24. Gorodnichenko, Yuriy & Vasudevan, Vittal, 2025. "Macroeconomic Expectations in a War," IZA Discussion Papers 18017, IZA Network @ LISER.
  25. Zhang, Qiang & Du, Debin & Yang, Yu & Hu, Senlin & Chen, Yuling & Ding, Junfeng & Xia, Qifan, 2025. "The impact of economic sanctions on traditional and renewable energy interests of target countries: Insights from a global outlook 2002–2022," Energy Economics, Elsevier, vol. 147(C).
  26. Konstantin Egorov & Vasily Korovkin & Alexey Makarin & Dzhamilya Nigmatulina, 2025. "Trade sanctions," Economics Working Papers 1920, Department of Economics and Business, Universitat Pompeu Fabra.
  27. Kwon, Ohyun & Syropoulos, Constantinos & Yotov, Yoto V., 2024. "Identifying and quantifying the extraterritorial effects of sanctions," European Economic Review, Elsevier, vol. 170(C).
  28. Djankov, Simeon & Su, Meng, 2024. "Are U.S. sanctions off-target: Evidence from the Magnitsky act," Economics Letters, Elsevier, vol. 242(C).
  29. Dominic Rohner, 2025. "Conflict," CESifo Working Paper Series 12035, CESifo.
  30. Charles H. Anderton & Jurgen Brauer, 2024. "Violence against noncombatant civilians in revolutionary conflicts: A psychosocial choice model and empirical tests, 1960–2018," Public Choice, Springer, vol. 200(3), pages 627-647, September.
  31. Duong, Kiet Tuan & Huynh, Luu Duc Toan & Phan, Anh Dang Bao & Vu, Nam T., 2024. "From Russia with love: International risk-sharing, sanctions, and firm investments," Economics Letters, Elsevier, vol. 244(C).
  32. Simola, Heli, 2023. "What the literature says about the effects of sanctions on Russia," BOFIT Policy Briefs 8/2023, Bank of Finland Institute for Emerging Economies (BOFIT).
  33. Juan de Lucio & Raúl Mínguez & Asier Minondo & Francisco Requena, 2024. "Reducing trade with Russia: Sanctions vs. reputation," Working Papers 2406, Department of Applied Economics II, Universidad de Valencia.
  34. Cohen, Chen & Darioshi, Roy & Nitzan, Shmuel, 2024. "Think twice before attacking: Effort, restraint, and sanctions in war conflicts," Journal of Economic Behavior & Organization, Elsevier, vol. 228(C).
  35. Gabriel Felbermayr & Eckhard Janeba, 2024. "FIW-PB 62 Improving Supply Security - Guidelines and Policy Proposals," FIW Policy Brief series 62, FIW.
  36. Michael Coopman & Austin Jacobs & Henry Pascoe & J. E. Pascoe, 2025. "The geometry of inconvenience and perverse equilibria in trade networks," Papers 2504.07700, arXiv.org.
  37. Liu, Xue-Ying & He, Wei & Duan, Hai-Peng & Fan, Rui, 2024. "The impact of financial sanctions on economic policy uncertainty: Global evidence," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
  38. Berkowitz, Daniel M. & Lezama, Guillermo & Nackle, Claire, 2026. "Sanctions, reputational losses and salience," BOFIT Discussion Papers 1/2026, Bank of Finland Institute for Emerging Economies (BOFIT).
  39. Caruso, Raul & Cipollina, Maria, 2025. "The effect of economic sanctions on world trade of mineral commodities. A gravity model approach from 2009 to 2020," Resources Policy, Elsevier, vol. 105(C).
  40. Funke, Michael & Wende, Adrian, 2025. "The limited effectiveness of sanctions on Russia: Modeling loopholes and workarounds," BOFIT Discussion Papers 4/2025, Bank of Finland Institute for Emerging Economies (BOFIT).
  41. Carril-Caccia, Federico, 2025. "The impact of economic sanctions on bilateral mergers and acquisitions," European Journal of Political Economy, Elsevier, vol. 86(C).
  42. Rolf Brühl, 2025. "Should They Go, or May They Stay: Companies in Aggressor States," Journal of Business Ethics, Springer, vol. 197(2), pages 271-288, March.
  43. Fabio Ashtar Telarico, 2023. "Are Sanctions for Losers? [Les sanctions sont-elles destinées aux perdants ?]," Post-Print hal-04238902, HAL.
  44. Bondarenko, Yevheniia & Lewis, Vivien & Rottner, Matthias & Schüler, Yves, 2024. "Geopolitical risk perceptions," Journal of International Economics, Elsevier, vol. 152(C).
  45. Tadashi ITO & Kiyoyasu TANAKA, 2026. "Oil Laundering: How did Russian oil circumvent the European Union’s embargo?," Discussion papers 26024, Research Institute of Economy, Trade and Industry (RIETI).
  46. Apeti, Ablam Estel & Edoh, Eyah Denise, 2024. "Economic sanctions and sovereign debt default," European Journal of Political Economy, Elsevier, vol. 85(C).
  47. Djankov, Simeon & Su, Meng, 2025. "The targeting of economic sanctions," LSE Research Online Documents on Economics 127240, London School of Economics and Political Science, LSE Library.
  48. Lewis, Vivien & Puangjit, Sirikorn, 2025. "A simple model of geopolitical risk and sanctions," Discussion Papers 32/2025, Deutsche Bundesbank.
  49. Petrevski, Goran, 2025. "Economic sanctions and output growth: Empirical evidence," EconStor Preprints 325283, ZBW - Leibniz Information Centre for Economics.
  50. Rodion V. Balakin & Yuliya A. Steshenko, 2024. "Review of Approaches to Assessing the Impact of New Challenges on the Economy and Certain Aspects of Taxation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 68-85, June.
  51. Dang, Quyen Thao & Rammal, Hussain Gulzar & Ghauri, Pervez N. & Jasovska, Pavlina & Velasquez, Santiago, 2024. "‘Caught in the middle’: Effects on and reactions of Vietnamese timber exporters in the context of US-China economic sanctions," Journal of World Business, Elsevier, vol. 59(6).
  52. Muharrem Cevik, 2026. "Sanctions and Creative Trade: Evidence from Russia," Working Papers 202601, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
  53. Kai A. Konrad & Marcel Thum, 2025. "Closing Multiple Sanction Loopholes," Working Papers tax-mpg-rps-2025-07, Max Planck Institute for Tax Law and Public Finance.
  54. Kai A. Konrad & Marcel Thum, 2025. "Closing Multiple Sanction Loopholes," CESifo Working Paper Series 12308, CESifo.
  55. Cathrin Mohr & Christoph Trebesch, 2025. "Geoeconomics," Annual Review of Economics, Annual Reviews, vol. 17(1), pages 563-587, August.
  56. Canan Yüksel Yücel & Erol Taymaz, 2025. "The Impact of the Russian Sanctions on the Turkish Tourism Sector: Firm-level Evidence," ERC Working Papers 2502, ERC - Economic Research Center, Middle East Technical University, revised May 2025.
  57. Peter Egger & Constantinos Syropoulos & Yoto V. Yotov, 2024. "Analyzing the effects of economic sanctions: Recent theory, data, and quantification," Review of International Economics, Wiley Blackwell, vol. 32(1), pages 1-11, February.
  58. Constantinos Syropoulos & Gabriel Felbermayr & Aleksandra Kirilakha & Erdal Yalcin & Yoto V. Yotov, 2024. "The global sanctions data base–Release 3: COVID‐19, Russia, and multilateral sanctions," Review of International Economics, Wiley Blackwell, vol. 32(1), pages 12-48, February.
  59. Randolph Luca Bruno & Maria Cipollina & Silvia Dal Bianco, 2023. "The Ripple Effect of Sanctions: Exploring the Impact on Global Value Chains Using a Gravity Model," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(3), pages 1063-1087, November.
  60. Tristan Kohl & Marcel van den Berg & Loe Franssen, 2024. "Going Dutch? Firm exports and FDI in the wake of the 2014 EU‐Russia sanctions," Review of International Economics, Wiley Blackwell, vol. 32(1), pages 190-222, February.
  61. Thein, Htwe Htwe & Grosman, Anna & Sosnovskikh, Sergey & Klarin, Anton, 2024. "Should we stay or should we exit? Dilemmas faced by multinationals under sanctioned regimes," Journal of World Business, Elsevier, vol. 59(6).
  62. Nandnaba, Alfred Michel, 2025. "The dark political side of US economic sanctions: An overview of renewable energy production in developing countries," Energy, Elsevier, vol. 335(C).
  63. Mario Larch & Jeff Luckstead & Yoto V. Yotov, 2024. "Economic sanctions and agricultural trade," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(4), pages 1477-1517, August.
  64. Ohyun Kwon & Arne J. Nagengast & Jangsu Yoon & Yoto V. Yotov, 2026. "From Imposition to Lifting: Estimating the Effects of Sanctions Over Their Lifecycle," CESifo Working Paper Series 12504, CESifo.
  65. Cipollina, Maria & Dal Bianco, Silvia, 2025. "Trade sanctions and global value chains: The role of financial development and capital openness in emerging markets," Emerging Markets Review, Elsevier, vol. 67(C).
  66. Fabio Ashtar Telarico, 2023. "Are sanctions for losers? A network study of trade sanctions," Papers 2310.08193, arXiv.org.
  67. Eoin McGuirk & Christoph Trebesch, 2025. "Geoeconomics and conflict: A review and open questions," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 40(123), pages 683-715.
  68. Felbermayr Gabriel & Janeba Eckhard, 2024. "Improving Supply Security: Guidelines and Policy Proposals," Intereconomics: Review of European Economic Policy, Sciendo, vol. 59(3), pages 146-153.
  69. Rivera-Alonso, David & Iglesias, Emma M., 2024. "Is the Chinese crude oil spot price a good hedging tool for other crude oil prices, and in special for the main Russian oil benchmarks and during international sanctions?," Resources Policy, Elsevier, vol. 90(C).
  70. Yang Ye & Qingpeng Zhang, 2024. "The futility of economic sanctions in a globalized and interdependent world: a data-driven game theoretical study," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
  71. Tianyu Fan, 2025. "Measuring Geopolitical Alignment and Economic Growth," Papers 2507.04833, arXiv.org, revised Apr 2026.
  72. Drapkin, I. & Simachev, Yu. & Fedyunina, A. & Pastukhova, P., 2025. "The impact of financial sanctions on countries' participation in global value chains: An assessment with the synthetic control method," Journal of the New Economic Association, New Economic Association, vol. 69(4), pages 151-172.
  73. Bruno, Randolph Luca & Cipollina, Maria & Dal Bianco, Silvia, 2025. "Trade sanctions and Global Value Chains: A China–South Africa perspective," China Economic Review, Elsevier, vol. 89(C).
  74. Pahontu Andreea-Cristina & Pahontu Stefan-Lucian & Hurduzeu Gheorghe, 2025. "Commercial Disputes between the EU and China," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 19(1), pages 1188-1200.
  75. Barnard, Helena & Luiz, John M., 2024. "The South African economic elite and ownership changes in foreign multinationals’ assets during and after Apartheid-era sanctions," Journal of World Business, Elsevier, vol. 59(5).
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