Estimating the economic effects of sanctions on Russia: An Allied trade embargo
Journal: World Economy
Year: 2022

Abstract This article contributes to the ongoing discussion on the use of sanctions as a coercive tool of international policymaking, focusing on the economic effects of the sanctions on Russia following its invasion of Ukraine. Using CGE modelling, we explore the short‐ to medium‐term economic effects of a possible trade embargo by Allied countries imposed on Russia. We consider the Allied trade embargo as a set of comprehensive trade sanctions that include (i) import‐related measures, (ii) exp