How Do Firms Respond to Economic Sanctions?:An Explorative Study of European Firms in Russia, 2014-2016
Journal: CBS Research Portal (Copenhagen Business School)
Year: 2023

The impact of economic sanctions has been much debated in the academic literature but has largely overlooked the role of firms as economic agents. In this study, we explore the strategic response of multinational corporations (MNCs) following the imposition of economic sanctions. Taking the immediate period after the Russian annexation of Crimea in 2014 as a case, we query into whether European MNCs with subsidiaries in Russia conform to the political signals of the EU-Russian sanctions regime (