On the effectiveness of the sanctions on Russia : New data and new evidence
- There has been an unprecedented increase in the number of sanctions imposed in world over the past 70 years, raising questions over their effectiveness. This column uses the fourth release of the Global Sanctions Database to quantify the impact of the 2022 sanctions on Russia on the country’s trade. The authors find that the sanctions have decreased Russia’s trade with sanctioning states but with very heterogeneous effects, especially across the EU. More importantly, however, they find evidence of significant trade liberalisation between Russia and third countries that have mitigated and may even eliminate the negative primary trade effects of the sanctions.
| Author: | Gabriel FelbermayrORCiD, Heider Kariem, Aleksandra Kirilakha, Ohyun Kwon, Constantinos Syropoulos, Erdal YalcinORCiDGND, Yoto Yotov |
|---|---|
| URL: | https://cepr.org/voxeu/columns/effectiveness-sanctions-russia-new-data-and-new-evidence |
| Parent Title (English): | VoxEU Columns |
| Publisher: | Centre for Economic Policy Research (CEPR) |
| Place of publication: | Paris |
| Document Type: | Article |
| Language: | English |
| Year of Publication: | 2025 |
| Release Date: | 2025/03/17 |
| Tag: | Russian sanctions |
| Issue: | 12.03.2025 |
| Open Access?: | Ja |
| Licence (German): |  Urheberrechtlich geschützt |
