The Global Sanctions Data Base - Release 4: The Heterogeneous Effects of the Sanctions on Russia

Erdal Yalcin, Gabriel Felbermayr, Heider Kariem (), Aleksandra Kirilakha (), Ohyun Kwon, Constantinos Syropoulos () and Yoto Yotov
Additional contact information
Heider Kariem: Vienna University of Economics and Business
Aleksandra Kirilakha: School of Economics, Drexel University

No 2025002, Working Papers from Center for Global Policy Analysis, LeBow College of Business, Drexel University

Abstract: This paper introduces the fourth release of the Global Sanctions Data Base (GSDB-R4). Covering the period 1950-2023, it contains 1,547 sanctions cases, including the recent ones against Russia. The GSDB-R4 comes in two versions, a case-specific and a dyadic version, both freely available upon request at GSDB@drexel.edu. To highlight one of the new features of the GSDB-R4, we combine it with trade data until 2023 to study the effects of the sanctions on Russia’s trade within an econometric gravity model. We find that, on average, the effects on trade between Russia and the sanctioning countries are negative and statistically significant, but relatively small. We also find that the effects are very heterogeneous across senders, including the EU members. Finally, our estimates identify the presence of a reduction in the direct bilateral trade costs in Russia’s bilateral trade with India, China, and Turkey, even after controlling for all possible general equilibrium effects. The implication is that such trade cost decreases may offset the effects of Western sanctions and even lead to net benefits for Russia.

Keywords: Sanctions; Database; GSDB; Sanctions on Russia (search for similar items in EconPapers)
JEL-codes: F13 F14 F5 F51 (search for similar items in EconPapers)
Pages: 34
Date: 2025-01
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https://www.lebow.drexel.edu/sites/default/files/2 ... -sanctions-db-v2.pdf First version, 2025 (application/pdf)

Related works:
Working Paper: The Global Sanctions Data Base - Release 4: The Heterogeneous Effects of the Sanctions on Russia (2024)
Working Paper: The Global Sanctions Data Base – Release 4: The Heterogeneous Effects of the Sanctions on Russia (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:drx:wpaper:2025002

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