Revisiting Sanctions on Russia and Counter-Sanctions on the EU: The economic impact three years later. CEPS Commentary, 13 July 2017

Gros, Daniel. and Di Salvo, Mattia (2017) Revisiting Sanctions on Russia and Counter-Sanctions on the EU: The economic impact three years later. CEPS Commentary, 13 July 2017. [Policy Paper]

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Abstract

On June 28th, the European Council took a decision to prolong the economic sanctions imposed on Russia until 31 January 2018. These sanctions: 1) limit access to EU capital markets for major Russian state-owned financial institutions and energy and defence companies, 2) ban both the export and import of arms, 3) ban the export of dual-use goods for military use to Russia and 4) curtail Russia’s access to certain sensitive technologies and services that can be used for oil production and exploration.[1]

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