Sanction-proof or sanction-hit: How can the EU make Putin’s evil war even more costly

Tinatin Akhvlediani and Willem Pieter De Groen

CEPS Papers from Centre for European Policy Studies

Abstract: After President Vladimir Putin madly went ahead with the full-scale invasion of Ukraine, it is clear that sanctions will no longer have a deterring effect on the outbreak of war. However, imposing sanctions can still make this war very costly for Putin and perhaps make him and his inner circle reconsider continuation of the war and find a negotiated solution. The EU, together with its allies, has shown impressive unity in imposing severe sanctions against Russia, yet some options remain open for the EU to further exploit its economic leverage over Putin’s regime. This Policy Insight reviews the EU’s imposed sanctions against Russia and looks at the possibilities to increase their effectiveness, drawing upon lessons learned in the past.

Pages: 31 pages
Date: 2022-03
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Persistent link: https://EconPapers.repec.org/RePEc:eps:cepswp:35899

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