We are pleased to alert you to ISS working paper 716, titled Legal, economic, and political perspectives on sanctions against Russia: an intermediate assessment, by Larissa J. van den Herik and Peter A.G. van Bergeijk.
Abstract
We discuss the sanctions against Russia from three perspectives: legal, economic, and political. The sanctions fit into a trend towards recomprehensivation and the use of autonomous rather than multilateral sanctions. We highlight (a) sanction innovation and lasting changes in the EU sanctions domain, (b) the determinants and economic dynamics of sanctions that are important for an intermediate evaluation of this case, and (c) the uncertainty of the ultimate political outcome of large-scale economic sanctions. The case suggests that autonomous sanctions are and will remain a central response to serious violations of international law.
Keywords
Economic sanctions, Russia, EU, recomprehensivation.
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