Russian business under economic sanctions: is there evidence of regional heterogeneity?

Shida, Yoshisada

doi:10.1080/14631377.2019.1659567

Cited by 13 publications

(5 citation statements)

References 14 publications

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“…Russia's annexation of Crimea and the invasion of Ukraine in 2014. Western countries' sanctions against Russia included financial sanctions; travel bans; and sanctions on targeted individuals, some energy firms, and state banks (Shida, 2019). In response to…”

Section: Survival Analysis In Different Periodsmentioning

confidence: 99%

Legal forms, organizational architecture, and firm failure: a large survival analysis of Russian corporations

Iwasaki

Kim

2020

Eur J Law Econ

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In this paper, we trace the survival status of more than 110,000 Russian firms from 2007-2015 and examine the relationship between legal forms of incorporation and firm survivability across industries and different periods of economic crisis and growth. Applying the Cox proportional hazards model, we find an optimal legal form that maximizes the probability of firm survival: closed joint-stock companies and those adopting limited liability survive longer than open joint-stock companies, partnerships, or cooperatives. This relationship is robust across periods of boom and recession and across industries.

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Section: Survival Analysis In Different Periodsmentioning

confidence: 99%

Legal forms, organizational architecture, and firm failure: a large survival analysis of Russian corporations

Iwasaki

Kim

2020

Eur J Law Econ

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“…While the lifting of the sanctions seems unlikely to happen in the near future, as a long‐run scenario, it will also be important to gain a better understanding of what will happen if the sanctions are terminated (Crozet et al, 2021): will scientific collaboration return to the ‘pre‐sanctions level’ or will there be a permanent drop in the level of the EU–Russia collaboration as established collaboration links have been cut and alternative networks have been built up? First signs for such diversion effects following geopolitical shifts could already be seen, for instance, by the Russian ‘Turn to the East’ – policy after 2014 (Shida, 2020). Potential path dependencies from sanctions on knowledge flows should be investigated over longer time spans.…”

Section: Discussionmentioning

confidence: 99%

Geopolitical conflicts, sanctions and international knowledge flows: EU–Russia collaboration during the Ukraine crisis

Makkonen

Mitze

2023

World Economy

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This article studies the development of scientific co‐publications between EU countries and Russia since the start of the Ukraine crisis in 2014. We investigate if economic sanctions and counter‐sanctions imposed during the crisis affected EU–Russia knowledge flows even before all science collaborations between the EU countries and Russia were eventually suspended as part of the EU sanctions in 2022. Our econometric analysis uses a gravity model framework and a comprehensive dataset covering more than 540 million scientific publications and 8.6 million international co‐publications for 35 countries (EU, BRICS, Belarus and Ukraine) during 1995–2018. Findings indicate that the imposition of EU sanctions and Russian counter‐sanctions from 2014 onwards had a significantly negative effect on EU–Russia co‐publication intensities. As a lower bound estimate, we find that sanctions reduced the EU–Russia scientific co‐publication intensity by 15% at the aggregate level. Effects are higher in specific scientific fields. We uncover transmission channels of this effect, for example, related to dual‐use technologies and growing resentments, and assess the robustness of our estimates. Time–dynamic regressions show that the sanctions effect on scientific collaboration increases over time. This underlines the susceptibility of global knowledge flows to geopolitical conflicts.

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“…The paradox of sanctions is also highlighted: a further increase in restrictive measures does not lead to proportional economic effects in Russia. Shida (2020), looking at the impact of sanctions on regional companies, notes that according to management surveys, even Asia-Pacific-focused businesses are affected by post-2014 sanctions. Radzhabova et al (2016) confirm this conclusion, predicting the loss of competitiveness of large industrial corporations and banks.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Sanctions and scenarios of economic development of the Russian Arctic territories (the case of the Yamalo-Nenets Autonomous District)

Zakharchuk

2022

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Relevance. The sanctions against Russia in 2022 affected almost all areas of the country’s economic activity. The sanctions may have varying effects on different territories of Russia. Mono-sectoral regions specializing in the production of primary raw materials are faced with the highest uncertainty. Research objective. The main purpose of the study is to develop and describe scenarios for the economic development of the Yamalo-Nenets Autonomous District under the pressure of sanctions. As part of this task, the impact of restrictions on the development of municipalities in Yamal is assessed, with a special focus on the areas with new hydrocarbon deposits in the Arctic zone. Data and methods. The study relies on the scenario method and the System of National Accounts to calculate the key indicators of economic development, which are defined as aggregated parameters (gross regional product, investment, tax revenues of the consolidated budget, and employment). Results. The impact of sanctions on the development of the Yamalo-Nenets Autonomous District is considered through the three scenarios: inertial, negative, and catastrophic. Under the inertial scenario, the key indicators will not change, and the pace of economic development will decrease. Under the negative scenario, investment projects will be put on hold and a limited deterioration in economic indicators will be observed. Under the worst-case scenario, there will be a serious drop in the key indicators, especially investment and employment. Conclusions. The imposed sanctions prohibiting the supply of high-tech equipment and limiting the supply of natural gas and oil to world markets will not be destructive for Yamal even in the catastrophic scenario. However, these restrictions will seriously limit economic development, gradually worsening the prospects for the development of the Arctic territories and the region’s ability to maintain the current standards of living.

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Russian business under economic sanctions: is there evidence of regional heterogeneity?

Cited by 13 publications

References 14 publications

Legal forms, organizational architecture, and firm failure: a large survival analysis of Russian corporations

Legal forms, organizational architecture, and firm failure: a large survival analysis of Russian corporations

Geopolitical conflicts, sanctions and international knowledge flows: EU–Russia collaboration during the Ukraine crisis

Sanctions and scenarios of economic development of the Russian Arctic territories (the case of the Yamalo-Nenets Autonomous District)

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