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Sanctions Effects on Russia: A Possible Sanction Transmission Mechanism?

Publication ,  Journal Article
Bali, M; Rapelanoro, N; Pratson, LF
Published in: European Journal on Criminal Policy and Research
June 1, 2024

This study examines the effects of sanctions implemented by the European Union and the United States of America against the Russian Federation following the latter’s annexation of the Crimea Peninsula and invasion of Eastern Ukraine. The analysis focuses on indirect or spillover effects caused by EU and US sanctions on several macroeconomic variables of the Russian economy. Employing a structural vector autoregressive model, the study uses time-varying sanction indices to simulate sanctions, substituting for binary dummy variables traditionally employed in modelling sanction’s implementation. The findings reveal that sanctions have an indirect impact on Russia’s GDP through their direct effects on inflation, interest rate, and domestic currency – a notion introduced as “sanction transmission mechanism”.

Duke Scholars

Published In

European Journal on Criminal Policy and Research

DOI

EISSN

1572-9869

ISSN

0928-1371

Publication Date

June 1, 2024

Volume

30

Issue

2

Start / End Page

229 / 259

Related Subject Headings

  • Criminology
  • 4402 Criminology
  • 1801 Law
  • 1602 Criminology
 

Citation

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ICMJE
MLA
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Bali, M., Rapelanoro, N., & Pratson, L. F. (2024). Sanctions Effects on Russia: A Possible Sanction Transmission Mechanism? European Journal on Criminal Policy and Research, 30(2), 229–259. https://doi.org/10.1007/s10610-024-09578-w
Bali, M., N. Rapelanoro, and L. F. Pratson. “Sanctions Effects on Russia: A Possible Sanction Transmission Mechanism?European Journal on Criminal Policy and Research 30, no. 2 (June 1, 2024): 229–59. https://doi.org/10.1007/s10610-024-09578-w.
Bali M, Rapelanoro N, Pratson LF. Sanctions Effects on Russia: A Possible Sanction Transmission Mechanism? European Journal on Criminal Policy and Research. 2024 Jun 1;30(2):229–59.
Bali, M., et al. “Sanctions Effects on Russia: A Possible Sanction Transmission Mechanism?European Journal on Criminal Policy and Research, vol. 30, no. 2, June 2024, pp. 229–59. Scopus, doi:10.1007/s10610-024-09578-w.
Bali M, Rapelanoro N, Pratson LF. Sanctions Effects on Russia: A Possible Sanction Transmission Mechanism? European Journal on Criminal Policy and Research. 2024 Jun 1;30(2):229–259.
Journal cover image

Published In

European Journal on Criminal Policy and Research

DOI

EISSN

1572-9869

ISSN

0928-1371

Publication Date

June 1, 2024

Volume

30

Issue

2

Start / End Page

229 / 259

Related Subject Headings

  • Criminology
  • 4402 Criminology
  • 1801 Law
  • 1602 Criminology