The economic effects of the sanctions imposed on the Russian Federation

Abstract

The restrictive measures imposed on the Russian federation concern not only the State but also the entities and some people of power. These measures include the freezing of funds, illegal economic resources of a technical or material nature but also those that are oriented towards the production and use of chemical weapons and/or acts that help and encourage such activity. This research focuses mainly on the type of the aforementioned sanctions by the European Union. This work also seeks to analyze the legal effectiveness of these sanctions within the circle of the United Nations and World Trade Organization (WTO). Finally, the proposal of new types of sanctions, but also the setting of new rules against the Russian federation are the final objective of our work.

Sanctions and the Russian Federation's Economy: A Systematic Literature Review and Analysis of Global Energy Sector

“…It appears inevitable that this military operation will interfere with the sustainability objectives (such as the carbon emission target) of many nations, including the Russian Federation. Additionally, one of the main goals of the sanctions put on the Russian Federation is to weaken its financial and economic system (Yui, 2023). Thus, it is anticipated that the sanctions will have an impact on the country's environmental and energy targets.…”

“…Numerous authors have investigated how military actions affect commodity pricing and long-term performance, and they have highlighted how crucial they are to the creation of financial and macroeconomic fluctuations. Numerous authors have explored how military operations affect commodity pricing and longterm performance, emphasizing how important they are in creating financial and macroeconomic cycles (Yui, 2023;Orhan 2022;Khudaykulova et al 2022;Mbah and Wasum, 2022). Most recently, these economic effects were seen after Russia's military operation against Ukraine in February 2022.…”