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The Russia-Ukraine conflict: the impact of economic sanctions on Russia: a narrative literature review

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This study examines the effects of the economic sanctions imposed on Russia due to the conflict between Russia and Ukraine, which began in 24 February 2022. The methodology used in the study is a narrative literature review of articles collected from open sources on 11 April 2023. All articles were published after February 2022 and had titles that contained the words “impact”, “sanctions” and “Russia”. The review focused on eight studies by different authors, obtained from Google Scholar and Open Knowledge Maps, which examine the impact of trade sanctions and financial sanctions. The studies show how financial and economic sanctions have weakened the Russian economy by analysing the following variables: exports, imports, the rouble, industries, GDP, unemployment, inflation and exchange rates. According to most authors, this impact was initially reduced by Russian strategies but is becoming increasingly visible. Therefore, they argue that the sanctions should be maintained and adapted. This review shows that, according to the most recent theories about sanctions, the conditions under which they were applied are effective. Future studies should continue to monitor the impact of sanctions over time and investigate the effects of counter-sanctions, which are particularly relevant for the Armed Forces. One limitation in this study is the lack of official data from Russia.

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Rússia Impacto Sanções económicas Russia Impact Economic sanctions

Contexto Educativo

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IUM

Licença CC