EconPapers    
Economics at your fingertips  
 

Impacts of EU Sanctions Levied in 2014 on Individual European Countries' Exports to Russia: Winners and Losers

Morad Bali, Thanh T. Nguyen and Lincoln F. Pratson
Additional contact information
Thanh T. Nguyen: Leibniz Universität Hannover
Lincoln F. Pratson: Duke University

Eastern Economic Journal, 2024, vol. 50, issue 2, No 2, 154-194

Abstract: Abstract We analyse the effects of sanctions implemented by the European Union against Russia following the latter’s annexation of Crimea in 2014. Indirect effects of sanctions on its non-prohibited exports to Russia are examined using a gravity model of trade that includes a time varying sanction index. A per country analysis is also incorporated to increase the granularity of the results. We find that sanctions led to a decrease in exports of non-prohibited products from certain European countries (i.e., the “losers”) while increasing such exports from others (i.e., the “winners”), an outcome that qualifies as an “unintended consequence” of the sanctions.

Keywords: Economic sanctions; Sanction index; Gravity model; Russia; European union (search for similar items in EconPapers)
JEL-codes: C1 C51 F (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/s41302-024-00266-5 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:easeco:v:50:y:2024:i:2:d:10.1057_s41302-024-00266-5

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/41302

DOI: 10.1057/s41302-024-00266-5

Access Statistics for this article

Eastern Economic Journal is currently edited by Allan Zebedee and Cynthia Bansak

More articles in Eastern Economic Journal from Palgrave Macmillan, Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2024-12-28
Handle: RePEc:pal:easeco:v:50:y:2024:i:2:d:10.1057_s41302-024-00266-5