Impact of EU sanctions on EU19 food imports from Russia

Nugroho, Agus Dwi and Prasada, Imade Yoga and Lakner, Zoltan (2023) Impact of EU sanctions on EU19 food imports from Russia. Russian Journal of Economics, 9 (3). pp. 271-283. ISSN 26187213

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Abstract

The EU has agreed to sanction Russia by prohibiting bilateral trade, including food imports. This study aims to determine the impact of EU sanctions on EU19 food imports from Russia. The two-stage least squares (TSLS) and propensity score matching (PSM) were used to analyze EU19 food import data from January 1999 to October 2022. According to the findings of this study, the sanctions have no impact on EU19 food imports from Russia. The sanctions were only recently imposed so they have not had a significant impact on bilateral trade between the EU and Russia. On the other hand, EU19 is trying to be realistic about the implementation of sanctions due to their reliance on Russian food. Our findings provide a new perspective for the development of a non-tariff-barrier theory in which sanctions or other trade barriers are ineffective in countries that rely heavily on other countries. © 2023 Non-profit partnership “Voprosy Ekonomiki”.

Item Type: Article
Additional Information: Cited by: 0; All Open Access, Gold Open Access
Uncontrolled Keywords: sanction, EU, Russia, trade barriers JEL classification: F49, F51
Subjects: S Agriculture > S Agriculture (General)
Divisions: Faculty of Agriculture > Department of Social Agricultural Economics
Depositing User: Laili Hidayah Hidayah
Date Deposited: 27 Aug 2024 07:54
Last Modified: 27 Aug 2024 07:54
URI: https://ir.lib.ugm.ac.id/id/eprint/3241

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