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  • Fall 2022
  • Article
  • Just Money Roundtables

Are the West’s Sanctions on Russia Working?

By: Rawi Abdelal and Alexandra Vacroux
  • Format:Electronic
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Abstract

Russia invaded Ukraine, first in 2014 and then again in February 2022. The United States and Europe—the West—imposed waves of sanctions on Russian individuals, firms, and the country itself. Six months into the West’s efforts to isolate Russia, it is reasonable to ask if sanctions are working.

But this the wrong question. What does "working" mean here? To assess the effectiveness of sanctions, we need to understand first what they were meant to accomplish—and then evaluate whether they have accomplished these goals, at least better than the available alternatives.

Keywords

Russia; Sanctions; War; International Relations; Trade; Russia; Ukraine; Europe; United States

Citation

Abdelal, Rawi, and Alexandra Vacroux. "Are the West’s Sanctions on Russia Working?" Just Money Roundtables (Fall 2022).
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About The Author

Rawi E. Abdelal

Business, Government and the International Economy
→More Publications

More from the Authors

    • Fall 2023
    • Business History Review

    Firms, Rules, and Global Capitalism

    By: Rawi Abdelal
    • March 2023
    • Faculty Research

    Ukraine: On the Border of Europe and Eurasia (C)

    By: Rawi Abdelal, Kateryna Olkhovyk and Davit Gasparyan
    • March 2023 (Revised August 2023)
    • Faculty Research

    Russia: A Drama in Three Acts (B)

    By: Rawi Abdelal, Kateryna Olkhovyk and Davit Gasparyan
More from the Authors
  • Firms, Rules, and Global Capitalism By: Rawi Abdelal
  • Ukraine: On the Border of Europe and Eurasia (C) By: Rawi Abdelal, Kateryna Olkhovyk and Davit Gasparyan
  • Russia: A Drama in Three Acts (B) By: Rawi Abdelal, Kateryna Olkhovyk and Davit Gasparyan
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