THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY
Journal: Marmara Avrupa araştırmaları dergisi/Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa araştırmaları dergisi
Year: 2019

In March 2014 the Crimean Peninsula -namely the Republic of Crimea and Sevastopol- was annexed from Ukraine, thereby becoming two federal subjects of the Russian Federation. While the Western powers consider the annexation to be illegal, as it breaches the international law and violates territorial sovereignty of Ukraine, the Russian Federation claims that the referendum in which the Crimean population chose to be part of Russia is completely legitimate. Following the annexation of Crimea, the W