The effects of the Russia-Ukraine war on Global Trade.

Orhan, Ebru  (2022)

 

“The Russia’s invasion of Ukraine has created a catastrophic humanitarian crisis and threatened the stability of geopolitical relations. The war has added to mounting concerns about a sharp slowdown in global growth, a rise in inflation and debt and a surge in poverty. The economic impact of conflict has rippled through various global channels, including commodity and financial markets, trade and migration links and confidence. The aim of this research is to reveal the effects of the Russia-Ukraine war on the global economy. While examining the economic impacts of the war in the research, the reports of organizations such as OECD, World Trade Organization, World Bank, UN, IMF, UNCTAD were used. According to the reports, it is possible to say that the conflict between Russia and Ukraine will affect the global economy via three main channels: financial sanctions, increase of commodity prices and supply chain disruptions.”

https://openknowledge.worldbank.org/handle/10986/3737




The Art of Sanctions.

Nephew, Richard (2023), ISBN: 9780231180276, Columbia University Press

Nephew is offering a practical framework for planning and implementing sanctions. The book emphasises the relevance of an initial sanction strategy and how to set up sanctions that can be adjusted over time. It also offers a structure for evaluating if the sanctions were effective. It explores the connection between pain (introduced by the sanctions) and resolve (resist, tolerate or overcome) the pain.

“Nations and international organisations are increasingly using sanctions as a means to achieve their foreign policy aims. However, sanctions are ineffective if they are executed without a clear strategy responsive to the nature and changing behaviour of the target. In The Art of Sanctions, Richard Nephew offers a much-needed practical framework for planning and applying sanctions that focuses not just on the initial sanctions strategy but also, crucially, on how to calibrate along the way and how to decide when sanctions have achieved maximum effectiveness.”

https://cup.columbia.edu/book/the-art-of-sanctions/9780231180269




Backfire

Demarais, Agathe (2022),   ISBN:9780231199902, Columbia University Press

 

Based on the US instrumentalisation of sanctions as a low cost measure in different international contexts, the author discusses the impact the sanctions have on the US. It also covers sanctions taken to the Russian invasion of Ukraine. 

“Backfire explores the surprising ways sanctions affect multinational companies, governments, and ultimately millions of people around the world. Drawing on interviews with experts, policy makers, and people in sanctioned countries, Agathe Demarais examines the unintended consequences of the use of sanctions as a diplomatic weapon. The proliferation of sanctions spurs efforts to evade them, as states and firms seek ways to circumvent U.S. penalties. This is only part of the story. Sanctions also reshape relations between countries, pushing governments that are at odds with the U.S. closer to each other—or, increasingly, to Russia and China.”

https://cup.columbia.edu/book/backfire/9780231553339