Effectiveness of the economic sanctions imposed by the EU on Russia since March 2014

Essay , 2017 , 12 Pages

Politics - Topic: Peace and Conflict, Security

The debate about the effectiveness of sanctions is not new, but was started at a high political level by the United States’ (US) President Wilson in 1919, when he discussed the utility of sanctions as a foreign policy (FP) instrument which he viewed as an alternative to war. Almost a century later, the debate about the effectiveness of sanctions still lives on.
While the US has been a frequent sender of sanctions since WWI, the European Union (EU) has emerged as a new sender of sanctions on the international stage since the 1990s. For this paper, the sanctions imposed by the EU on the Russian Federation (Russia) starting in March 2014 were selected as a case study to investigate the effectiveness of sanctions.

This paper applies the framework developed by Hufbauer to analyse the effectiveness of sanctions, which points out that their effectiveness depends on the extent to which the policy objectives by the sender were achieved and the contribution to success that was made by the sanctions. To explain the influence of sanctions on Russia, special emphasis is laid on the political character of the target’s country’s government, which is one of the political variables outlined by Hufbauer.

Inhaltsverzeichnis

INTRODUCTION

BACKGROUND

METHDOLOGY

CASE SELECTION

ANALYSIS
First round of sanctions
Second round of sanctions
Third round of sanctions
The political nature of the target country’s government

CONCLUSION

REFERENCES

• Course: Faculty of World Economy and International Affairs
• Author: Inga von der Stein (Author)
• Publication Year: 2017
• Pages: 12
• Catalog Number: V386968
• ISBN (eBook): 9783668610163
• ISBN (Book): 9783668610170
• Language: English
• Tags: sanctions, Russia, European Union, Effectiveness of sanctions, Political economy, Hufbauer