RT Article
T1 Sanctions Effects on Russia: a Possible Sanction Transmission Mechanism?
JF European journal on criminal policy and research
VO 30
IS 2
SP 229
OP 259
A1 Bali, Morad
A2 Rapelanoro, Nady
A2 Pratson, Lincoln F.
LA English
YR 2024
UL https://krimdok.uni-tuebingen.de/Record/1898159963
AB This study examines the effects of sanctions implemented by the European Union and the United States of America against the Russian Federation following the latter’s annexation of the Crimea Peninsula and invasion of Eastern Ukraine. The analysis focuses on indirect or spillover effects caused by EU and US sanctions on several macroeconomic variables of the Russian economy. Employing a structural vector autoregressive model, the study uses time-varying sanction indices to simulate sanctions, substituting for binary dummy variables traditionally employed in modelling sanction’s implementation. The findings reveal that sanctions have an indirect impact on Russia’s GDP through their direct effects on inflation, interest rate, and domestic currency - a notion introduced as "sanction transmission mechanism".
K1 Economic sanctions
K1 Russia
K1 SVAR
K1 Sanction index
K1 Sanction transmission mechanism
K1 Ukrainian crisis
DO 10.1007/s10610-024-09578-w