Why Sanctions Against Russia Work

Rácz András, Spillner Ole and Wolff Guntram B.
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Rácz András: German Council on Foreign Relations (DGAP), Berlin, Germany.
Spillner Ole: German Council on Foreign Relations (DGAP), Berlin, Germany.
Wolff Guntram B.: German Council on Foreign Relations (DGAP), Berlin, Germany.

Intereconomics: Review of European Economic Policy, 2023, vol. 58, issue 1, 52-55

Abstract: Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not prevented Putin from ordering an invasion of Ukraine in February 2022, in the overall picture, they have significantly weakened Russia’s ability to wage war. This paper demonstrates the effectiveness of the sanctions and argues that the EU should maintain and tighten sanctions, thus further weakening the military and economic power of the Putin regime.

JEL-codes: B17 F5 F51 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:intere:v:58:y:2023:i:1:p:52-55:n:2

DOI: 10.2478/ie-2023-0009

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