Financial sanctions, alongside economic sanctions, are components of the toolkit used by governments as part of international diplomacy. The use of sanctions, especially financial, has increased over the last seventy years. Financial sanctions have been particularly important whenever the goals...

In February 2022 the EU was confronted with the acute security threat, flouting of international law and resultant humanitarian crisis at its borders provoked by Russia's military aggression against Ukraine. The EU launched a massive 'geoeconomic' response in the shape of several packages of...

Der Krieg in der Ukraine wird für Russland tiefgehende geopolitische und ökonomische Konsequenzen haben. In einem beispiellosen Ausmaß hat der Westen Sanktionen gegen Russland verhängt, die die jahrzehntelangen ökonomischen Verflechtungen weitestgehend auflösen. Zugleich erlebt Russland...

Russia's invasion of Ukraine and resulting sanctions have substantially hurt Russia's economic relations with developed economies. Countries imposing sanctions on Russia accounted for half of Russia's foreign trade and over half of foreign financial flows before the war. We analyse the...

The situation of the human rights abuses in the Xinjiang Uyghur Autonomous Region (XUAR) is frequently reported in the Western media and it has gained a central place in the Euro-Atlantic political discourse which condemns Beijing's attitude towards human rights at home. However, the sanctions...

Given the importance of firm strategic management in time of crises, this study investigates Micro, Small, and Medium Enterprises (MSMEs) survival strategies during the international sanctions against Iran. Using data from a questionnaire of 486 firms between December 2019 to September 2020, we...

This paper investigates the economic costs of the recent United Nations sanctions on North Korea. Exploiting a novel data set on North Korean firms, we construct measures of regional exposure to export and intermediate input sanctions and show that they cause sharp declines in local nighttime...

What determines firms’ decisions to exit Russia because of the Ukraine invasion and do investors appreciate firms’ social image management? We test five potential firm motives, the reputation concern and social sanction channel, the altruism channel, the institution and law origin channel,...

In this article, we discuss the impact of sanctions and embargoes imposed on Russia by the G7 countries and their allies on the region, and especially on Azerbaijan. Speaking about the impact of the recent sanctions on the Russian economy, opponents say that the sanctions will not have a serious...

There have been numerous efforts to counter organized economic crime in the form of legislations and executive actions both nationally and internationally. The law in Kenya is quite developed as it regards this matter. The constitution contains a whole chapter on leadership and integrity. The...

Russia’s invasion of Ukraine has triggered an unprecedented wave of sanctions targeting every facet of the Russian economy. In the early months of the conflict, the sheer scope, speed, and coordination of this response to Russia’s aggression instills hope that economic pressure may yet play...

This paper considers the use and impact of sanctions in the conflict between Russia and Ukraine. It proposes an alternative route to establishing and maintaining peace between Russia and Ukraine, using three types of human capital as a framework. This paper also identifies difficulties that must...

A significant part of economic coercion deployed by the US, EU and the UN targets authoritarian regimes' ruling elites, and aims to promote liberalization by encouraging defections and discouraging repression. We develop a model to study the effects of such measures. The ruler chooses how much...

The literature on law enforcement often assumes that the updating of beliefs regarding the probability of detection is a process that is independent from the severity of the sanction. We test this presumption experimentally, using a taking game in which the probability of detection may be either...

As part of its sanctions regime, the United States recently announced the imposition of punitive import tariffs on 570 product groups from Russia. The European Union may follow suit and enact sanctions on Russia that mirror the US sanctions in scale and scope. Using a sector-specific...

The arena of strategic competition between the US and China is expandable from international politics, trade and commerce to finance. What would happen if financial sanctions against China are imposed by the US? Would US financial sanctions lead to a sudden outflow of foreign capital and a...

Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia's war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a...

Die militärische Eskalation in der Ukraine sowie die aufgrund der Sanktionen einsetzenden Bremseffekte für die Kapital- und Handelsströme werden die deutsche Wirtschaft auf makroökonomischer Ebene belasten. In diesem Beitrag soll ein Überblick über die direkten Handelsrisiken gegeben...

Russia invaded Ukraine on February 24, 2022 and led many companies to apply sanctions in Russia. This paper uses this event to investigate the role of relationship-specific capital and ESG scores (our proxy of goodwill capital) on corporate sanctions. Our results indicate that firms with such...

As diplomatic initiatives have thus far failed to achieve the objective of a complete, verifiable, and irreversible denuclearization of the Democratic People's Republic of Korea (DPRK), and given that a military solution is generally considered to be unfeasible, sanctions have become the central...

We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany’s trade in goods and services. Financial sanctions reduce Germany’s inflows and outflows of financial assets, as well as imports...

In February 2022, the EU Commission announced economic sanctions against Russian oligarchs. The goal was to exert pressure on the Kremlin: initially to stop deploying troops to the Donetsk and Luhansk regions and ultimately to end its attack on Ukraine. The present report investigates how these...

This paper introduces novel data on public sentiment towards economic sanctions based on nearly one million social media posts in 109 countries during the Russia-Ukraine war by using machine learning. We show the geographical heterogeneity between government stances and public sentiment....

The sixth sanction package of the European Union in the context of the aggression against Ukraine excludes Sberbank, the largest Russian bank, from the SWIFT network. The increasing use of SWIFT as a tool for sanctions stimulates the rollout of alternative payment information systems by the...

Russia's invasion of Ukraine has led to a sudden reassessment of political and economic relations with Russia, including financial and trade relations. This policy brief analyzes a new firm-level dataset for Germany to examine the involvement of German firms in the Russian and Ukrainian markets....

Russia's brutal military aggression on Ukraine has led to extensive economic sanctions by Western countries and the withdrawal of many foreign companies from Russian markets. The isolation of Russia from the international community has substantially restricted its access to advanced technologies...

The EU, US and several other countries have responded with a wide range of new economic sanctions on Russia in response to the military attack on Ukraine. These sanctions include various restrictive measures on trade with Russia. In this brief, we examine the potential short-term effects of...

The Russian invasion of Ukraine has triggered a humanitarian, economic, financial and political crisis that will reverberate across Europe. In this Policy Note we analyse the short- and medium-term implications of the conflict. We find that the most severe economic and financial impact will be...

Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia’s war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a...

Die militärische Eskalation in der Ukraine sowie die aufgrund der Sanktionen einsetzenden Bremseffekte für die Kapital- und Handelsströme werden die deutsche Wirtschaft auf makroökonomischer Ebene belasten. In diesem Beitrag soll ein Überblick über die direkten Handelsrisiken gegeben...

Objective: The aim of the article is to study the relationship between global economic sanctions and export survival. We also investigate the moderating roles of international linkages in the nexus of sanctions and export survival. Research Design & Methods: While we employ the new data base of...