The US Congressional Research Service Report on the US sanctions on Russia cited the New Europe Center research:
“The EU sanctions (and Russian countersanctions) have come with financial costs for certain industries in some EU member states, including Germany, Finland, and the Baltic states, although the overall impact on EU trade appears to be limited,” – goes in the research, citing Segiy Solodkyy, Tetiana Levoniuk and Kateryna Zarembo.
This report provides a comprehensive overview of the use of sanctions in U.S. foreign policy toward Russia. It is compartmentalized, however, so that readers primarily interested in a particular issue, for example sanctions in response to Russia’s use of a chemical weapon, may find the relevant information in a subsection of the report.
The report first provides an overview of U.S. sanctions authorities and tools, particularly as they apply to Russia. It next describes various sanctions regimes that the executive branch has used to impose sanctions on Russian individuals and entities or that are available for this purpose, addressing authorities, tools, targets, and context. Third, the report briefly discusses countersanctions that Russia has introduced in response to U.S. and other sanctions. Fourth, it addresses the evolution of U.S. coordination with the European Union on Russia sanctions policy, and similarities and differences between U.S. and EU sanctions regimes. Finally, the report assesses the economic impact of sanctions on Russia at the level of the national economy and individual firms
Find more about the New Europe Center research here.
Find the US Congressional Research Service Report here.
