Assessing Sanctions Effectiveness

In this chapter, Borozna and Kochtcheeva examine the effectiveness of the sanctions imposed on Russia. The assessment of the effectiveness of sanctions on Russia is based on three key parameters: impact on the Russian economy, achievement of stated political goals, and countermeasures and remedies used by Russia to withstand the impact of sanctions. The sanctions that were imposed on Russia in 2022 onward had a significantly broader scope than the sanctions imposed after 2014. However, they failed to achieve their primary political objective, which was to change Russia’s foreign policy direction. These sanctions did not deter Moscow’s commitment to continue its involvement in the conflict, and it appears unlikely that they will change this determination in the foreseeable future. The economic impact of the sanctions imposed after 2022 is multifaceted. Although the Russian economy did not collapse, there are indications that specific sectors, including aviation, automotive, and information technology, within Russia have experienced substantial declines. However, the support and cooperation of countries friendly to Russia played a critical role in Russia’s ability to withstand the impact of these sanctions.