Sanctions and Counter-Sanctions — What Are their Economic Effects in Russia and Elsewhere?
Journal: Journal of the New Economic Association
Year: 2019

In this note I review the literature on the economic effects of sanctions against Russia and Russia's own counter-sanctions. There are papers looking at the macroeconomic effects of sanctions as well as their effects on international trade and financial flows. All such papers must also deal with the collapse of oil price, which happened almost concurrently with the introduction of sanctions. Most papers find a negative effect of sanctions on Russia's general economic development since 2014. This