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Economic Impact On The Eu Of Sanctions Over Ukraine Conflict
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Book Synopsis Economic Impact on the EU of Sanctions Over Ukraine Conflict by : Marcin Szczepański
Download or read book Economic Impact on the EU of Sanctions Over Ukraine Conflict written by Marcin Szczepański and published by . This book was released on 2015 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia is the European Union's third-biggest trading partner. Beginning in early 2014, the EU introduced and extended a range of diplomatic and economic sanctions against the Russian Federation in protest at Russian involvement in destabilising Ukraine and violation of Ukraine's territorial integrity. The most visible direct effect is the substantial fall in EU agri-food exports to Russia. The losses are, however, mitigated to a large extent by redirecting exports to alternative markets.
Book Synopsis Russia's Invasion of Ukraine by : Paul J. J. Welfens
Download or read book Russia's Invasion of Ukraine written by Paul J. J. Welfens and published by Springer Nature. This book was released on 2023-01-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a cutting-edge analysis of the economic effects and challenges of Russia’s invasion of Ukraine, with a special focus on EU sanctions on Russian energy and Ukraine’s political relationship with the European Union in a global context. Welfens outlines key macroeconomic perspectives on the ongoing conflict between Russia and Ukraine, highlighting in particular how sanctions posed by the international community will have a wider economic impact than what has so far been envisaged. The book discusses the effects of Russian gas supply boycotts against Western countries as well as global effects of an EU energy import boycott on Russia, especially for China and the Asian continent. An innovative proposal to cut electricity prices is presented. It also explores the challenges to relations between the EU, China and Russia caused by the invasion, the effects of the unfolding refugee crisis (within a post-Brexit EU), military and humanitarian aid pledges to Ukraine, and the risks of reduced multilateralism within the world economy as a direct result of the war. The book also analyses the risks and benefits of potential enlargement of the EU to integrate Ukraine as a member state. The topics covered by the book are all set within a long-run view of diplomatic and economic relations between the West, Russia and Ukraine. The factors analysed here provide a new, broader picture of the international effects of the conflict, as well as its potential implications for policy design as we enter a new global order marked by the Russo-Ukrainian war. The book will be of interest to researchers and policy-makers working in international economics, new political economy, European politics and integration, and macroeconomics more broadly.
Book Synopsis The Effects of Economic Sanctions Within the Russia-Ukraine Conflict by : Morad Bali
Download or read book The Effects of Economic Sanctions Within the Russia-Ukraine Conflict written by Morad Bali and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Russia-Ukraine conflict is a critical geopolitical issue with far-reaching implications. Understanding the impact of economic sanctions against Russia in this context provides insights into how nations use economic coercion to influence international events. Because economic sanctions have significant ramifications, studying their effects is crucial for businesses, policymakers, economists, and the public at large. In this book, the editor selected six studies written by researchers from diverse perspectives who all have the particularity to be specialised in economic coercion and/or Russia. We are offering a unique overview of very specific themes that have not been examined before: how can a boycott of Russian oil strengthen/weaken Russia's tendency to autocracy? What are the sociological repercussions for Russian science? Was Russia's import-substitution strategy and industrial production affected by Western sanctions? Which factors influenced firms' decisions to suspend or withdraw business operations in Russia? How were high-tech exports of Russian small and medium-sized enterprises influenced by sanctions? This book will not leave these questions unanswered, and will even go beyond by offering a final chapter that provides a complete and comprehensive assessment of economic sanctions' impact on the Russian economy, covering sanctions implemented between 2014 and 2023"--
Book Synopsis The Economics of Russia’s War in Ukraine by : Nataliya Struk
Download or read book The Economics of Russia’s War in Ukraine written by Nataliya Struk and published by Taylor & Francis. This book was released on 2024-08-08 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Russia’s War in Ukraine provides a thorough analysis of the Russo-Ukrainian war, tracing its historical roots and exploring its multifaceted dimensions. This book emphasizes economic, geopolitical, and humanitarian impacts, highlighting Ukraine’s resilience amid challenges. At the same time, this study examines the EU’s dynamic responses to economic crises and energy transition, the consequences of the war on global trade dynamics, and the significant influence of geopolitical events on financial markets. It underscores the EU’s commitment to aiding Ukraine, enhancing its security, and increasing defence spending in response to evolving geopolitical complexities. The impact of the invasion on financial markets and the vulnerabilities of the banking sector are closely examined, highlighting the complex relationship between geopolitics and the global economy. Findings suggest that the priorities for the post-war reconstruction of Ukraine include addressing human capital and demographics, employment opportunities, environmental protection, infrastructure and housing reconstruction, security and mine clearance, waste recycling, agriculture and food security, digital transformation, social protection and healthcare, and education and research. This book therefore argues that a comprehensive, integrated approach with international support is crucial for Ukraine’s recovery and sustainable economic growth. The Economics of Russia’s War in Ukraine will be useful for scholars, students, professionals, policy makers, all interested in economics, international relations, security, and global studies, as well as all those wishing to have a thorough and clear understanding of the backdrop of Russia’s invasion of Ukraine in February 2022 and its influence on Europe.
Book Synopsis A Year of Sanctions against Russia—Now What? by : Simond de Galbert
Download or read book A Year of Sanctions against Russia—Now What? written by Simond de Galbert and published by Rowman & Littlefield. This book was released on 2015-10-07 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report studies the impact of Western sanctions imposed on Russia since 2014 over the crisis in Ukraine. Providing a European point of view, the report also makes recommendations as to how sanctions could be used effectively and efficiently to produce a diplomatic settlement of the crisis.
Book Synopsis Implications of the Russian Invasion of Ukraine for the European Economy by : Roman Arjona
Download or read book Implications of the Russian Invasion of Ukraine for the European Economy written by Roman Arjona and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Council conclusions of 24 February 2022 condemned Russia’s war of aggression against Ukraine and called for the urgent preparation and adoption of a sanctions package. By June 2022, six main packages of EU sanctions and various ancillary measures have been adopted against businesses and individuals in Russia and Belarus. This shock has come at a time in which the European economy was still recovering from the impact of the Covid-19 pandemic and it is leading to a worsening economic outlook. The revisions of major official forecasts for this year, all point to the same direction: accelerating inflation and decelerating growth. The cost of the war, so far, can be estimated at around one-and-a-half point of lower real growth and about three additional points of headline inflation. This note provides an overview of economic and trade exposures of the EU economy to Russia, including on strategic dependencies at the product level and a novel monitoring approach to detect supply chain distress6 . It also covers recent trends in energy prices.
Book Synopsis Effectiveness of the economic sanctions imposed by the EU on Russia since March 2014 by : Inga von der Stein
Download or read book Effectiveness of the economic sanctions imposed by the EU on Russia since March 2014 written by Inga von der Stein and published by GRIN Verlag. This book was released on 2018-01-12 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2017 in the subject Politics - Topic: Peace and Conflict, Security, , course: Faculty of World Economy and International Affairs, language: English, abstract: The debate about the effectiveness of sanctions is not new, but was started at a high political level by the United States’ (US) President Wilson in 1919, when he discussed the utility of sanctions as a foreign policy (FP) instrument which he viewed as an alternative to war. Almost a century later, the debate about the effectiveness of sanctions still lives on. While the US has been a frequent sender of sanctions since WWI, the European Union (EU) has emerged as a new sender of sanctions on the international stage since the 1990s. For this paper, the sanctions imposed by the EU on the Russian Federation (Russia) starting in March 2014 were selected as a case study to investigate the effectiveness of sanctions. This paper applies the framework developed by Hufbauer to analyse the effectiveness of sanctions, which points out that their effectiveness depends on the extent to which the policy objectives by the sender were achieved and the contribution to success that was made by the sanctions. To explain the influence of sanctions on Russia, special emphasis is laid on the political character of the target’s country’s government, which is one of the political variables outlined by Hufbauer.
Book Synopsis The Impact of Financial Sanctions on the Russian Economy by : Evsey Gurvich
Download or read book The Impact of Financial Sanctions on the Russian Economy written by Evsey Gurvich and published by . This book was released on 2016-08-13 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Congressional Research Service Publisher :Createspace Independent Publishing Platform ISBN 13 :9781543228984 Total Pages :24 pages Book Rating :4.2/5 (289 download)
Book Synopsis U.s. Sanctions and Russia's Economy by : Congressional Research Service
Download or read book U.s. Sanctions and Russia's Economy written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-02-20 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to Russia's annexation of the Crimean region of neighboring Ukraine and its support of separatist militants in Ukraine's east, the United States imposed a number of targeted economic sanctions on Russian individuals, entities, and sectors. The United States coordinated its sanctions with other countries, particularly the European Union (EU). Russia retaliated against sanctions by banning imports of certain agricultural products from countries imposing sanctions, including the United States. U.S. policymakers are debating the use of economic sanctions in U.S. foreign policy toward Russia, including whether sanctions should be kept in place or further tightened. A key question in this debate is the impact of the Ukraine-related sanctions on Russia's economy and U.S. economic interests in Russia. Economic Conditions in Russia Russia faced a number of economic challenges in 2014 and 2015, including capital flight, rapid depreciation of the ruble, exclusion from international capital markets, inflation, and domestic budgetary pressures. Growth slowed to 0.7% in 2014 before contracting sharply by 3.7% in 2015. The extent to which U.S. and EU sanctions drove the downturn is difficult to disentangle from the impact of a dramatic drop in the price of oil, a major source of export revenue for the Russian government, or economic policy decisions by the Russian government. The International Monetary Fund (IMF) estimated in 2015 that U.S. and EU sanctions in response to the conflict in Ukraine and Russia's countervailing ban on agricultural imports reduced Russian output over the short term by as much as 1.5%. Russia's economy, more recently, is showing some signs of recovery, in part due to higher oil prices, a flexible exchange rate regime, and sizeable foreign exchange reserves, among other factors. The IMF projects Russia's economy will grow by 1.1% in 2017. U.S. Economic Interests When the sanctions were announced in 2014, U.S. business groups raised concerns that sanctions harm American manufacturers, jeopardize American jobs, and cede business opportunities to firms from other countries. When the sanctions were rolled out in 2014, news reports cited a number of U.S. firms that were adversely affected by U.S. sanctions on Russia and Russia's retaliatory measures. There are questions about the overall impact of the sanctions on the U.S. economy, however. Russia accounts for a small portion of total U.S. trade and foreign investment. U.S. sanctions also target a specific Russian individuals and entities and, in some cases, restrict only specific types of economic transactions.
Download or read book Russia's War on Ukraine written by Nelson and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal Support and Monetary Vigilance by : Olivier Blanchard
Download or read book Fiscal Support and Monetary Vigilance written by Olivier Blanchard and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For Europe, the war in Ukraine is a first-order economic shock. While the direct fiscal implications of taking care of refugees, increasing military spending and strengthening energy autonomy remain limited, the impact of elevated energy and food prices on national income and its distribution is potentially significant. This raises three macroeconomic challenges for policymakers: How best to use sanctions to deter Russia while limiting adverse effects on the European Union economy: in this respect, it is important to distinguish between oil and gas. For oil, Russia can diversify away from the EU market and, despite sanctions, sell on the world market where it operates as a price taker. For gas, the European Union has substantial leverage because Russia depends on the pipeline infrastructure linking it to the European market. However, gas supply from other sources is relatively inelastic. How to deal with cuts to real income because of the increase in the energy import bill: if governments want to protect buyers, they must decide on mechanisms and how to finance the extra spending. Fiscal support and thus some additional deficit finance may be needed, though debt should remain sustainable. How to deal with the increase in inflation as a result of higher energy and food prices: there is a need to avoid a de-anchoring of inflation expectations, which is even more challenging than usual given that inflation had already substantially increased before the war. Preventing this risk would call for a tightening of monetary policy. However, the loss of real income is likely to lead to weaker aggregate demand, implying a need to loosen policy. Policymakers must cope with these conflicting objectives, ensuring that policy instruments complement each other. A combination of well- designed fiscal support to households and tripartite wage discussions may help soften the trade-off the central bank faces. However, the outcomes of the war in Ukraine are unpredictable, and policy must be able to respond quickly to changing circumstances.
Book Synopsis The War Against Ukraine and the EU by : Claudia Wiesner
Download or read book The War Against Ukraine and the EU written by Claudia Wiesner and published by Springer Nature. This book was released on with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Do Economic Sanctions Work? Evidence from the Russia-Ukraine Conflict by : Ajai Gaur
Download or read book Do Economic Sanctions Work? Evidence from the Russia-Ukraine Conflict written by Ajai Gaur and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the impact of sanctions on Russian firms and the strategies these firms adopt to counter the effects of targeted sanctions. We utilize institutional theory to explain how firms shape their strategic responses as they balance the institutional pressures from their home environment vis-à-vis sanctioning countries. We gather longitudinal data on Russian firms that faced foreign sanctions from the start of the invasion of Crimea in 2014 until 2020. Our empirical analyses indicate that sanctions do not have a persistent negative effect on the economic performance of Russian firms. We discuss the empirical findings with the help of a series of illustrative examples of specific actions that Russian firms undertook in response to the sanctions. We conclude that while targeted sanctions create symbolic meaning in foreign relations and create financial friction for targeted firms, firms use a variety of adaptation strategies that negate the economic impact of these sanctions.
Book Synopsis Empirical Evaluation of the Economic Impact of the Sanctions Imposed on EU-Russian Relations by : Andreas Gerckens
Download or read book Empirical Evaluation of the Economic Impact of the Sanctions Imposed on EU-Russian Relations written by Andreas Gerckens and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The present thesis assesses the economic impact of the Ukraine-related sanctions imposed by the European Union and other Western countries as well as by the Russian Federation. Besides offering a thorough literature review and descriptive statistics, different specifications of the Gravity Model are estimated for trade and Foreign Direct Investment flows, using cross section and fixed effects panel regressions for the years 2009 to 2015. The findings indicate a strong negative effect of the Western economic sanctions on Russian exports and confirm that targeted sanctions have a substantially lower economic impact than economic ones. No conclusive evidence is found for an appreciable impact on Russian imports. The results also neither lend consistent support to any relevant effects of the Russian countersanctions nor to potential positive effects on trade with uninvolved countries. The evaluation of the impact on FDI is limited to descriptive statistics as no tested model specification fitted the highly volatile flow data.
Book Synopsis Russian - Ukrainian War by : Quang Nguyen Tran
Download or read book Russian - Ukrainian War written by Quang Nguyen Tran and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been over one year since the invasion of Russia into Ukraine in February 2022. Several sanctions were applied, and its effects on the global economy in general, and Russian and Ukrainian economy in particular were serious. This aims to review the economic impacts of Russia and Ukraine war and Western countries sanctions on different objects to the economy, including the Russian economy, the global market and the third-party nations.
Book Synopsis Russia's and the EU's Sanctions by : Oliver Fritz
Download or read book Russia's and the EU's Sanctions written by Oliver Fritz and published by . This book was released on 2017 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report summarises empirical facts about the economic impact of the EU sanctions against Russia and the Russian countersanctions, both implemented in the summer of 2014. The observed decline in trade volumes between the EU and Russia is not only due to the sanctions, but also other economic factors, such as the downturn of the Russian economy, largely caused by the falling oil price and the ensuing ruble depreciation. Furthermore, empirical evidence suggests that European and Russian companies alike managed to partly divert trade flows to other international markets in response to the deteriorating trade relationships. Overall trade diversion, however, cannot nearly compensate for losses of EU exports to Russia and thus mitigate the economy-wide negative impacts. Finally, descriptive evidence and additional information seem to indicate that compliance with the sanctions was partly circumvented right after the implementation of the sanctions in 2014, in particular for agri-food goods via countries of the Eurasian Economic Union. Legal trade diversion through countries unaffected by the sanctions has also taken place. It is important to emphasise that this study does not assess the political costs or effectiveness of the sanctions, but merely analyses potential economic costs caused by all sanction measures in place.
Book Synopsis Russia's Response to Sanctions by : Richard Connolly
Download or read book Russia's Response to Sanctions written by Richard Connolly and published by Cambridge University Press. This book was released on 2018-07-05 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first in-depth scholarly analysis of the effects of Western sanctions, and Russia's response on the Russian economy.
