This report studies the impact of Western sanctions imposed on Russia since 2014 over the crisis in Ukraine. Providing a European point of view, the report also makes recommendations as to how sanctions could be used effectively and efficiently to produce a diplomatic settlement of the crisis.

The first in-depth scholarly analysis of the effects of Western sanctions, and Russia's response on the Russian economy.

This book is required reading to grasp the dynamics of economic sanctions. Drawing on recent Western sanctions imposed on the Russian economy, it provides a persuasive corrective to the dominant perspective that sanctions undermine target countries. -Immanuel Ness, Chairperson and Professor of Political Science, Brooklyn College, NY. This is an outstanding contribution to the literature. It provides a comprehensive and balanced analysis of the role of sanctions in the contemporary era. -Alan W. Cafruny, Henry Bristol Professor of International Affairs, Department of Government, Hamilton College, USA. This important study shows how Russia has survived being the most sanctioned country in the world by reorienting its trade towards the East and creating import-substitution policies and investment in local industries. -Jeremy Kuzmarov, author of The Russians are Coming, Again: The First Cold War as Tragedy, the Second as Farce. A timely contribution to the growing sanctions literature that urges policy adjustment to new geopolitical realities. -Dr. Ksenia Kirkham, Lecturer in the Department of War Studies, King's College London. This book analyses the goals of Western sanctions imposed on Russia from 2014 to 2023. It explores the effects of sanctions on the Russian economy and its political course, as well as the repercussions of the sanctions to the senders and third parties, including spillover effects on neighboring countries and boomerang effects on the senders. While sanctions can be considered relatively effective in terms of economic consequences, the Russian economy is far from being crushed. Importantly, sanctions proved to be ineffective as an instrument of foreign policy. They have failed to alter Moscow's resolve to continue its military operation and are unlikely to change it in the near future. Dr. Angela Borozna is Adjunct Professor at California State University, Fullerton. Dr. Lada V. Kochtcheeva is Professor of Political Science in the School of Public and International Affairs at the North Carolina State University.

"The Russia-Ukraine conflict is a critical geopolitical issue with far-reaching implications. Understanding the impact of economic sanctions against Russia in this context provides insights into how nations use economic coercion to influence international events. Because economic sanctions have significant ramifications, studying their effects is crucial for businesses, policymakers, economists, and the public at large. In this book, the editor selected six studies written by researchers from diverse perspectives who all have the particularity to be specialised in economic coercion and/or Russia. We are offering a unique overview of very specific themes that have not been examined before: how can a boycott of Russian oil strengthen/weaken Russia's tendency to autocracy? What are the sociological repercussions for Russian science? Was Russia's import-substitution strategy and industrial production affected by Western sanctions? Which factors influenced firms' decisions to suspend or withdraw business operations in Russia? How were high-tech exports of Russian small and medium-sized enterprises influenced by sanctions? This book will not leave these questions unanswered, and will even go beyond by offering a final chapter that provides a complete and comprehensive assessment of economic sanctions' impact on the Russian economy, covering sanctions implemented between 2014 and 2023"--