Russia, Ukraine, and the West: Are Smart Economic Sanctions Effective?

What is it about?

The war in Ukraine has been going on since 2014, but February 24, 2022 Russia launched a full-scale war against Ukraine. It is the largest armed conflict in Europe after World War II and the greatest threat to world security. To contain and weaken Russia’s military potential, the EU, the US, and other Western states imposed economic sanctions on Russia in 2014._x000D_ The main purpose of the article is to investigate the impact of smart sanctions on five banks and three oil companies. The main finding is that the effects of sanctions are relatively weak and limited in time; in 2015-2017, a deterioration in the financial situation of only some of the eight corporations surveyed was noticeable, but later their situation improved significantly. _x000D_

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