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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. Floudas, Demetrius, 2023. "Explaining the Limited Impact of Sanctions on Russia," MPRA Paper 121346, University Library of Munich, Germany, revised Jan 2024.
  6. Benchimol, Jonathan & Palumbo, Luigi, 2024. "Sanctions and Russian online prices," Journal of Economic Behavior & Organization, Elsevier, vol. 225(C), pages 483-521.
  7. Stergios Skaperdas & Samarth Vaidya, 2025. "Guns, Lawyers, and Markets: On Economic and Political Consequences of Costly Conflict," CESifo Working Paper Series 12135, CESifo.
  8. 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).
  9. 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).
  10. Malte Becker & Tobias Heidland, 2025. "Geopolitical Tensions and Migration," Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, Duncker & Humblot, Berlin, vol. 2(1), pages 23-35.
  11. Nicolas Gavoille, 2025. "A short drop or a sudden stop? Sanctions, trade shocks, and firms' adjustment margins," Working Papers 2025/03, Latvijas Banka.
  12. Shchepeleva, Maria & Stolbov, Mikhail & Weill, Laurent, 2024. "Do sanctions trigger financial crises?," Finance Research Letters, Elsevier, vol. 64(C).
  13. 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.
  14. Zareei, Afsaneh & Wadensjö, Eskil, 2024. "Sanctions and Their Effects on the Labor Market and the Economy," IZA Discussion Papers 17467, IZA Network @ LISER.
  15. Yuriy Gorodnichenko & Vittal Vasudevan, 2026. "Macroeconomic Expectations in a War," Scottish Journal of Political Economy, Scottish Economic Society, vol. 73(3), July.
  16. Konstantin Egorov & Vasily Korovkin & Alexey Makarin & Dzhamilya Nigmatulina, 2025. "Trade sanctions," Economics Working Papers 1920, Department of Economics and Business, Universitat Pompeu Fabra.
  17. Kwon, Ohyun & Syropoulos, Constantinos & Yotov, Yoto V., 2024. "Identifying and quantifying the extraterritorial effects of sanctions," European Economic Review, Elsevier, vol. 170(C).
  18. Djankov, Simeon & Su, Meng, 2024. "Are U.S. sanctions off-target: Evidence from the Magnitsky act," Economics Letters, Elsevier, vol. 242(C).
  19. Dominic Rohner, 2025. "Conflict," CESifo Working Paper Series 12035, CESifo.
  20. 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.
  21. Dominika Langenmayr & Mikayel Tovmasyan & Sebastian Vosseler, 2025. "Bypassing Sanctions: Hide 'N Seek in Tax Havens?," Working Papers 243, Bavarian Graduate Program in Economics (BGPE).
  22. 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).
  23. Gabriel Felbermayr & Eckhard Janeba, 2024. "FIW-PB 62 Improving Supply Security - Guidelines and Policy Proposals," FIW Policy Brief series 62, FIW.
  24. 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).
  25. Dmitry Rudenko, 2026. "Shifting realities: The unintended consequences of sanctions against Russia on the Finnish economy," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 81, pages 7-25.
  26. 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).
  27. Gutmann, Jerg & Neuenkirch, Matthias & Neumeier, Florian, 2024. "Political economy of international sanctions," ILE Working Paper Series 81, University of Hamburg, Institute of Law and Economics.
  28. Fabio Ashtar Telarico, 2023. "Are Sanctions for Losers? [Les sanctions sont-elles destinées aux perdants ?]," Post-Print hal-04238902, HAL.
  29. 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).
  30. Apeti, Ablam Estel & Edoh, Eyah Denise, 2024. "Economic sanctions and sovereign debt default," European Journal of Political Economy, Elsevier, vol. 85(C).
  31. Petrevski, Goran, 2025. "Economic sanctions and output growth: Empirical evidence," EconStor Preprints 325283, ZBW - Leibniz Information Centre for Economics.
  32. 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).
  33. Jaroslaw Kantorowicz & Elena Kantorowicz-Reznichenko, 2026. "What matters to people when we sanction states? A conjoint experiment," Conflict Management and Peace Science, Peace Science Society (International), vol. 43(2), pages 209-222, March.
  34. Kai A. Konrad & Marcel Thum, 2025. "Closing Multiple Sanction Loopholes," CESifo Working Paper Series 12308, CESifo.
  35. 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.
  36. 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.
  37. 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.
  38. 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.
  39. 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.
  40. 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).
  41. Cathrin Mohr & Christoph Trebesch, 2025. "Geoeconomics," Annual Review of Economics, Annual Reviews, vol. 17(1), pages 563-587, August.
  42. Ohyun Kwon & Arne Nagengast & Jangsu Yoon & Yoto Yotov, 2026. "From Imposition to Lifting: Estimating the Effects of Sanctions Over Their Lifecycle," Working Papers 202606, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
  43. 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.
  44. 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).
  45. 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.
  46. 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).
  47. 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).
  48. 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).
  49. 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.
  50. repec:osf:osfxxx:a2dyq_v1 is not listed on IDEAS
  51. 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).
  52. 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.
  53. Bernstein, Martin & Meyer, Josefin & O'Rourke, Kevin Hjortshøj & Schularick, Moritz, 2025. "Economic insecurity: Trade dependencies and their weaponization in history," Kiel Working Papers 2295, Kiel Institute for the World Economy.
  54. 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).
  55. 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.
  56. 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).
  57. 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).
  58. 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).
  59. 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.
  60. 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.
  61. 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).
  62. Carril-Caccia, Federico, 2025. "The impact of economic sanctions on bilateral mergers and acquisitions," European Journal of Political Economy, Elsevier, vol. 86(C).
  63. 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.
  64. Metiu, Norbert & Völpel, Martin, 2026. "Geopolitical hybrid threats," Discussion Papers 11/2026, Deutsche Bundesbank.
  65. Khalid, Usman & Gopalan, Sasidaran & Zekkari, Kathia Bahloul, 2026. "Do sanctions deter Greenfield FDI inflows? An empirical investigation," Economic Modelling, Elsevier, vol. 155(C).
  66. Bondarenko, Yevheniia & Lewis, Vivien & Rottner, Matthias & Schüler, Yves, 2024. "Geopolitical risk perceptions," Journal of International Economics, Elsevier, vol. 152(C).
  67. 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.
  68. Lewis, Vivien & Puangjit, Sirikorn, 2025. "A simple model of geopolitical risk and sanctions," Discussion Papers 32/2025, Deutsche Bundesbank.
  69. 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.
  70. Muharrem Cevik, 2026. "Sanctions and Creative Trade: Evidence from Russia," Working Papers 202601, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
  71. Avdeenko, Alexandra & Kaiser, Maximilian & Kis-Katos, Krisztina & Reher, Leonie, 2026. "Sanctions, sales, and stigma: Intermediary online firms’ market role in sustaining trade," Journal of International Economics, Elsevier, vol. 159(C).
  72. 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).
  73. 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.
  74. 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).
  75. Fabio Ashtar Telarico, 2023. "Are sanctions for losers? A network study of trade sanctions," Papers 2310.08193, arXiv.org.
  76. 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.
  77. 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.
  78. Tianyu Fan, 2025. "Measuring Geopolitical Alignment and Economic Growth," Papers 2507.04833, arXiv.org, revised Apr 2026.
  79. 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.
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