Sergei Guriev, 14 March 2022

Sanctions against Russia continue to multiply. What will their effect be on the Russian state and its people?
Part of a series of commentaries on the economic consequences of the conflict in Ukraine.

Luis Garicano, 05 March 2022

Which economic sanctions against Russia are lawful, which are politically feasible, and which will bite? In the second of VoxEU's series of commentaries on the economic consequences of the conflict in Ukraine, Luis Garicano - economist and MEP - describes what has been done so far and what more can be done.

You can find slides from Luis Garicano's presentation, Economic Warfare:Raising the Pressure on Putin, for RenewEurope extraordinary group meeting 26/02/2022, here .

Stephen Cecchetti, Kim Schoenholtz, 04 March 2022

Stephen Cecchetti (Brandeis) and Kim Schoenholtz (NYU Stern) discuss the range of financial sanctions being imposed on Russia in the wake of their military action against Ukraine. What are they, will they work and what happens next? Part of a series of commentaries on the economic consequences of the conflict in Ukraine.

Gabriel Felbermayr, Aleksandra Kirilakha, Constantinos Syropoulos, Erdal Yalcin, Yoto Yotov, 04 August 2020

In recent years, economic sanctions have increasingly become ‘the tool of choice’ in responses to international political challenges related to geo-political conflicts. But are sanctions successful in achieving their purported objectives? And what are the economic costs of sanctions in a world that is increasingly interconnected with global value-chains and multinational enterprises?  This column introduces a new dataset of economic sanctions that covers all bilateral, multilateral, and plurilateral sanctions in the world from 1950 to 2016 that can be utilised to analyse sanctions policies.

Mark Harrison, 14 November 2019

Economic warfare was widely used in WWII. When one country blockaded another’s supply of essential goods or bombed the industries producing them, why did the adversary’s economy fail to collapse? This column, part of the Vox debate on the economics of WWII, reviews Mançur Olson’s insights, which arose from the elementary economic concept of substitution. He concluded that there are no essential goods; there are only essential uses, which can generally be supplied in many ways.

Jamal Ibrahim Haidar, 09 April 2013

The US and EU have imposed severe trade sanctions on Iran. This column uses Iranian exporter-level customs data to show that many Iranian exporters have successfully diverted trade from the US and EU to Asian, African, and Latin American destinations.

Peter A.G. van Bergeijk, 27 March 2012

Can international economic pressure induce policy changes? The conventional wisdom, among economists at least, is that economic sanctions, for all their posturing, won’t achieve very much. For better or worse, this column shows that this is now changing.

Bob Carbaugh, 23 February 2009

The Obama administration is simultaneously imposing economic sanctions on Iran and North Korea and suggesting that it would like to take a more conciliatory approach. This column says that economic sanctions rarely work in altering the behaviour of a target country, especially as a stand-alone tool of foreign policy. That suggests that the new US president is right to use both carrots and sticks.


CEPR Policy Research