Impact of EU sanctions on EU19 food imports from Russia

Agus Dwi Nugroho (), Imade Yoga Prasada () and Zoltan Lakner ()
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Agus Dwi Nugroho: Hungarian University of Agriculture and Life Sciences, Godollo, Hungary
Imade Yoga Prasada: Universitas Putra Bangsa, Kebumen, Indonesia
Zoltan Lakner: Hungarian University of Agriculture and Life Sciences, Godollo, Hungary

Russian Journal of Economics, 2023, vol. 9, issue 3, 271-283

Abstract: The EU has agreed to sanction Russia by prohibiting bilateral trade, including food imports. This study aims to determine the impact of EU sanctions on EU19 food imports from Russia. The two-stage least squares (TSLS) and propensity score matching (PSM) were used to analyze EU19 food import data from January 1999 to October 2022. According to the findings of this study, the sanctions have no impact on EU19 food imports from Russia. The sanctions were only recently imposed so they have not had a significant impact on bilateral trade between the EU and Russia. On the other hand, EU19 is trying to be realistic about the implementation of sanctions due to their reliance on Russian food. Our findings provide a new perspective for the development of a non-tariff-barrier theory in which sanctions or other trade barriers are ineffective in countries that rely heavily on other countries.

Keywords: sanction; EU; Russia; trade; barriers (search for similar items in EconPapers)
JEL-codes: F49 F51 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jrujec:v:9:y:2023:i:3:p:271-283

DOI: 10.32609/j.ruje.9.103780

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