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Newsletter article
On the effectiveness of the sanctions on Russia: New data and new evidence
VoxEU
12 Mar 2025
Featured in Collection : Drexel's Newest Publications
Abstract
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.
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Details
- Title
- On the effectiveness of the sanctions on Russia: New data and new evidence
- Creators
- Gabriel Felbermayr - Austrian Institute of Economic ResearchHeider Kariem - Austrian Institute of Economic ResearchAleksandra Kirilakha - Drexel UniversityOhyun Kwon - Drexel University, Economics (School of Economics)Constantinos Syropoulos - Drexel University, Economics (School of Economics)Erdal Yalcin - HTWG Hochschule Konstanz - Technik, Wirtschaft und GestaltungYoto V Yotov - Drexel University, Economics (School of Economics)
- Publication Details
- VoxEU
- Resource Type
- Newsletter article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Identifiers
- 991022034070404721