Eu and Usa sanctions and their impact on Russia: a logical-qualitative assessment

Massimiliano Di Pace

Abstract


The paper asseses, under the logical point of view, if Eu and Usa sanctions may have had direct, relevant and measureable consequences on Russian economy. The conclusion is that, notwithstanding the start of Russian economy worsening coincided roughly with the inception of sanctions, these latter could not be the reason of such economic downturn. As a matter of fact, the nature of measures foreseen by the sanctions is such, that they could not produce any evident and relevant direct consequences on Russian economy.


Parole chiave


content of Eu and Usa sanctions, effects of sanctions, Russian economy

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Riferimenti bibliografici


World economic update, issued on January 16th 2017.

Staff report for the 2016 article IV (Imf Country Report n. 16/229) about Russian Federation, issued on July 2016.

Domańska M. & Kardaś S. (2016). The consequences of the Western financial sanctions on the Russian economy. Commentary of the Centre for Eastern Studies (issued on March 24th 2016).

Gros D. & Mustilli F. (2016). The Effects of Sanctions and Counter-Sanctions on EU-Russian Trade Flows. Commentary of Ceps (issued on July 5th 2016).

Gurvicha E. & Prilepskiya I. (2015). The impact of financial sanctions on the Russian economy. Russian Journal of Economics (Volume 1, Issue 4, December 2015).

Kholodilin K. A. & Netšunajev A. (2016). Crimea and Punishment: The Impact of Sanctions on Russian and European Economies. Discussion Papers of Deutsches Institut für Wirtschaftsforschung (issued on April 11th 2016).

http://europa.eu/newsroom/highlights/special-coverage/eu_sanctions_en#5 for the content of Eu sanctions against Russia.

https://www.state.gov/e/eb/tfs/spi/ukrainerussia for the content of Usa sanctions against Russia.

www.cia.gov (world factbook).




DOI: http://dx.doi.org/10.14276/1971-8357.640

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