Matěj Bělín, Jan Hanousek, 29 April 2019

The annexation of the Crimean peninsula by the Russian Federation in 2014 led to sanctions by the US and the EU, among others, and counter-sanctions by Russia. This column estimates that the value of trade lost due to Western sanctions over 2014-2016 amounts to $1.3 billion, while trade lost due to the Russian counter-sanctions amounts to $10.5 billion. There appears to be no evidence that Russian importers switched between suppliers from sanctioning countries to competitors from non-sanctioning countries.

Yuriy Gorodnichenko, Gérard Roland, 10 March 2014

The speed at which events in Ukraine are unfolding is astounding. This column argues that the real goal of Russian President Putin is to make the February 2014 changes look like a failure. Root causes of the Ukrainian protest also exist in Russia and a victory of reform forces in Kiev could encourage stronger protest movement in Russia than that of 2011-2013 and potentially lead to a similar outcome.

Events

CEPR Policy Research