Research Article

THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY

Volume: 27 Number: 1 June 30, 2019
  • Efe Sıvış *
TR EN

THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY

Abstract

In March 2014 the Crimean Peninsula -namely the Republic of Crimea and Sevastopol- was annexed from Ukraine, thereby becoming two federal subjects of the Russian Federation. While the Western powers consider the annexation to be illegal, as it breaches the international law and violates territorial sovereignty of Ukraine, the Russian Federation claims that the referendum in which the Crimean population chose to be part of Russia is completely legitimate. Following the annexation of Crimea, the Western powers, including the EU and the U.S. imposed several restrictive measures on Russia in order to influence the Kremlin’s foreign policy toward Ukraine. By drawing on the theory of international economic sanctions, this paper seeks to analyse the content and application of sanctions and assesses whether the sanctions succeeded in changing the geopolitical trajectory of the Russian Federation.

Keywords

References

  1. Baldwin, D. A. and Pape R. A. (1998) “Evaluating Economic Sanctions”, International Security, 23(2): 189-198.
  2. Bebler, A. (2015) “Crimea and the Russian-Ukrainian Conflict,” Romanian Journal of European Affairs, 15(1): 35-54.
  3. Blanc, J. and Weiss, A. S. (2019) “U.S. Sanctions on Russia: Congress Should Go Back to Fundamentals,” Carnegie Endowment for International Peace’’, 3 Nisan 2019, , (07 Eylül 2019).
  4. Brunat, E. (2016) “Where goes Russia? The risks of a new continental divide” B. Dallago, G. Guri and J. McGowan (eds.) A Global Perspective on the European Economic Crisis, (Abingdon, Oxfordshire: Routledge), pp. 241-258.

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Efe Sıvış * This is me
Türkiye

Publication Date

June 30, 2019

Submission Date

March 4, 2019

Acceptance Date

-

Published in Issue

Year 2019 Volume: 27 Number: 1

APA
Sıvış, E. (2019). THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi, 27(1), 53-79. https://doi.org/10.29228/mjes.24
AMA
1.Sıvış E. THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi. 2019;27(1):53-79. doi:10.29228/mjes.24
Chicago
Sıvış, Efe. 2019. “THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY”. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi 27 (1): 53-79. https://doi.org/10.29228/mjes.24.
EndNote
Sıvış E (June 1, 2019) THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi 27 1 53–79.
IEEE
[1]E. Sıvış, “THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY”, Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi, vol. 27, no. 1, pp. 53–79, June 2019, doi: 10.29228/mjes.24.
ISNAD
Sıvış, Efe. “THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY”. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi 27/1 (June 1, 2019): 53-79. https://doi.org/10.29228/mjes.24.
JAMA
1.Sıvış E. THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi. 2019;27:53–79.
MLA
Sıvış, Efe. “THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY”. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi, vol. 27, no. 1, June 2019, pp. 53-79, doi:10.29228/mjes.24.
Vancouver
1.Efe Sıvış. THE CRIMEAN ANNEXATION CRISIS AND ITS ECONOMIC CONSEQUENCES: EU SANCTIONS, U.S. SANCTIONS AND IMPACTS ON THE RUSSIAN ECONOMY. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi. 2019 Jun. 1;27(1):53-79. doi:10.29228/mjes.24