The impact of economic sanctions on Russian economy and the RUB/USD exchange rate

Tyll, Ladislav; Pernica, Karel; Arltová, Markéta

doi:10.14254/2071-8330.2018/11-1/2

Cited by 27 publications

(19 citation statements)

References 7 publications

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“…1) Historical studies discuss many different sanction cases, the motive behind them, and the aims, consequences and impacts of the sanctions (Hufbauer, Schott, & Elliott, 2007;Morgan, Bapat, & Kobayashi, 2014). Some of these studies have resulted in codified and cohesive data banks of sanction cases (Hufbauer et al, 2007;Morgan et al, 2014;Peksen, 2019;Portela, 2016;Rapelanoro & Bali, 2020;Tyll, Pernica, & Arltová, 2018;UN Targeted Sanctions Qualitative Database, 2014). 2) Using the data banks mentioned above, empirical studies investigate the relationship between different parameters in sanction cases and test their assumptions about the effectiveness of the sanctions and other factors influencing the success of a sanctions regime (Hellquist, 2016;Hufbauer et al, 2007;Jeong, 2018;Jing, Kaempfer, & Lowenberg, 2003;Kaempfer & Lowenberg, 2007;Kavaklı, Chatagnier, & Hatipoğlu, 2020;Lam, 1990;Lektzian & Souva, 2001;Lohmann, 2016;Veebel & Markus, 2018b;Whang, Mclean, & Kuberski, 2013).…”

Section: Literature Reviewmentioning

confidence: 99%

How the possibility of a fight-back strategy affects the consequences of a sanctions regime

Karimi¹,

Maleki²,

Yazdi³

2020

Journal of International Studies

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Sanctions imposed by a country against another country are considered as a foreign policy tool. Many studies have investigated different aspects of sanctions including the efficacy of sanctions to alter the target country's behaviour. However, the effects of a potential fight-back strategy adopted by a target country have been discussed rarely. In this paper, the outcomes of a possible fight-back strategy are simulated using game theoretical analysis. To find the matching state of game theory and sanction regimes, we have conducted a critical and systematic review of 12 sanctions, from 1950 to 2012. The results show that the capability of a target country to implement fight-back strategies provides the opportunity to change the sender's expected outcomes. It also makes the occurrence of future sanctions less probable or even less feasible.

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Section: Literature Reviewmentioning

confidence: 99%

How the possibility of a fight-back strategy affects the consequences of a sanctions regime

Karimi¹,

Maleki²,

Yazdi³

2020

Journal of International Studies

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“…Sankce uvalené na Rusko bývají často označovány jako "inteligentní" (smart sanctions) a jsou cíleny na určitá odvětví nebo jednotlivce zodpovědné za příčinu jejich uvalení. Tyto sankce by tak neměly dopadat na nevinné civilisty (Tyll, Pernica a Arltová, 2018). Jedná se o kombinaci diplomatických, finančních a obchodních opatření.…”

Section: Dopad Sankcí Na Ruskou Ekonomikuunclassified

“…V době zavedení sankcí byla navíc ruská ekonomika velmi závislá na dovozu potravin. Vzhledem k tomu, že odvetné sankce byly uvaleny právě na dovoz potravin původem z EU, vedla k jejich nedostatku a v důsledku k jejich výraznému zdražení a k růstu již tak dost vysoké inflace (Tyll, Pernica a Arltová, 2018).…”

Section: Dopad Sankcí Na Ruskou Ekonomikuunclassified

Sanctions by Western Countries and Russian Countermeasures: Impact on Czech Exports

Coufalová¹

2020

Politicka ekonomie

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Sanctions by Western Countries and Russian Countermeasures: Impact on Czech ExportsThis paper addresses Czech international exports from 2000 to 2017. The goal of the paper is to determine whether the economic sanctions imposed on the Russian Federation by most of the Western countries, and especially the countermeasures adopted by the Kremlin, have exercised any significant effect on the Czech exports to Russia. The approach adopted is a gravity model and the results lead to the conclusion that the economic sanctions do not have any significant effect on the global Czech exports to Russia. Nevertheless, the sanctions affect the type of future economic cooperation between the Czech Republic and the Russian Federation.

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“…To assess the economic impact of the sanctions imposed towards Russia and the Russian food import ban, it should also be pointed out that the depreciation of the Russian Rouble and the economic downturn in Russia may have similar effects on the Russian economy (Tyll et al, 2018;Nelson, 2017;Aalto & Forsberg, 2016). In addition, economic sanctions towards Russia might have negative effects on Russia's main trading partners due to spillover of the low economic growth (long-term effects) or countermeasures implemented by Russia (i.e.…”

Section: Literature Reviewmentioning

confidence: 99%

From the Russian food import ban to free trade from Lisbon to Vladivostok – will farmers benefit?

Banse¹,

Đurić²,

Götz³

et al. 2019

Journal of International Studies

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With the implementation of the Russian import ban as a countermeasure to the EU sanctions in the context of the Ukrainian crisis, trade relations between the EU and Russia reached their lowest level in 2014. In this paper, we model several trade policy scenarios and assess their effects on domestic agricultural production and trade in Russia, the EU and Germany for the 2020-30 period. The results of the applied general equilibrium MAGNET model suggest that the removal of the Russian food import ban will affect Russian agricultural production to a limited extent only, while there will be no effect on the EU. In contrast, depending on how competitive Russian farmers' become, the creation of a large free trade area from Lisbon to Vladivostok would generally benefit farmers in the EU more than farmers in Russia.

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The impact of economic sanctions on Russian economy and the RUB/USD exchange rate

Abstract: Abstract. Current economic situation in Russia could be considered at least as dismal.

Cited by 27 publications

References 7 publications

How the possibility of a fight-back strategy affects the consequences of a sanctions regime

How the possibility of a fight-back strategy affects the consequences of a sanctions regime

Sanctions by Western Countries and Russian Countermeasures: Impact on Czech Exports

From the Russian food import ban to free trade from Lisbon to Vladivostok – will farmers benefit?

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