Research handbook on economic sanctions

0554800 - NHU-C 2022 RIV US eng M - Část monografie knihy
Bělín, Matěj - Hanousek, Jan
Imposing sanctions versus posing in sanctioners’ clothes: the EU sanctions against Russia and the Russian counter-sanctions.
Research handbook on economic sanctions. Northampton: Edward Elgar Publishing, 2021 - (van Bergeijk, P.), s. 249-263. ISBN 9781839102714
Grant CEP: GA ČR GA18-18509S
Institucionální podpora: Progres-Q24
Klíčová slova: Russia * international trade * sanctions
Obor OECD: Applied Economics, Econometrics
https://doi.org/10.4337/9781839102721

Using three different estimation techniques, we show that the 2014 EU sanctions on exports to Russia were enforced very selectively and caused only a minor disruption to trade flows, if any. In contrast, the Russian counter-sanctions against imports from the EU caused major losses in trade, indicating very thorough enforcement. We show that these results are consistent with the theoretical literature, which emphasises the difficulty of imposing sanctions on exports and the potential value of sanctions as a signalling device, rather than an economic weapon.
Trvalý link: http://hdl.handle.net/11104/0329446