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The Effects of Sanctions and Counter-Sanctions on EU-Russian Trade Flows. CEPS Commentary, 5 July 2016

Gros, Daniel. and Mustilli, Federica (2016) The Effects of Sanctions and Counter-Sanctions on EU-Russian Trade Flows. CEPS Commentary, 5 July 2016. [Policy Paper]

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Abstract

After Russia annexed Crimea in early 2014 and then intervened, manu militari, in the Eastern part of Ukraine, the European Union wanted to show its disapproval and put pressure on Russia to change its behaviour. A wide variety of measures were taken, including the imposition of individual restrictions, such as asset freezes and travel bans, but also the suspension of development loans from the EBRD. But the EU (together with the United States) also took, in July and September 2014, a set of broader measures: limited access to EU primary and secondary capital markets for targeted Russian financial institutions and energy and defence companies; export and import bans on trade in arms; an export ban for dual-use goods and reduction of Russia’s access to sensitive technologies and services linked to oil production.

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Item Type: Policy Paper
Subjects for non-EU documents: Countries > Russia
EU policies and themes > External relations > international trade
Subjects for EU documents: UNSPECIFIED
EU Series and Periodicals: UNSPECIFIED
EU Annual Reports: UNSPECIFIED
Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
Depositing User: Phil Wilkin
Official EU Document: No
Language: English
Date Deposited: 05 Jul 2016 10:04
Number of Pages: 5
Last Modified: 05 Jul 2016 10:04
URI: http://aei.pitt.edu/id/eprint/76763

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