RUSI JournalVolume 161Issue 3members only

The Design and Impact of Western Economic Sanctions against Russia

While the effect on Moscow's behaviour is still debatable, Western sanctions have had an adverse impact on the Russian economy

The economic sanctions imposed by the West against Russia in 2014, following the latter’s aggression in Ukraine, were deliberately limited but nevertheless significant, their impact distinguishable from that of the fall in oil prices that occurred in late 2014. Edward Hunter Christie argues that these sanctions, in combination with credible threats of further sanctions, appear to have had an effect in limiting Russian aggression in Ukraine, even though they have not led to

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