No. 236: Impact of Sanctions on Russian Business

Author(s): Gunter Deuber, Julia Kusznir, Daniil Tsygankov
Series Editor(s): Stephen Aris, Matthias Neumann, Robert Orttung, Jeronim Perović, Heiko Pleines, Hans-Henning Schröder, Aglaya Snetkov
Series: Russian Analytical Digest (RAD)
Volume: 236
Publisher(s): Center for Security Studies (CSS), ETH Zürich; Research Centre for East European Studies (FSO), University of Bremen; Institute for European, Russian and Eurasian Studies (IERES), George Washington University; Center for Eastern European Studies (CEES), University of Zurich; German Association for East European Studies (DGO)
Publication Year: 2019

Five years on since the imposition of sanctions, this edition examines their impact on Russian business. Firstly, Gunter Deuber outlines how after having initial adverse consequences, the sanctions have produced hardly any lasting negative financial market effects in the last 12–24 months, and suggests that a new equilibrium between international investors and the Russian state has been found. Secondly, Julia Kusznir evaluates the extent to which Western sanctions have impacted on progress towards the completion of the Nord Stream 2 project. Thirdly, Daniil Tsygankov analyses developments in the Russian crabbing industry as an illustrative example of how oligarch-connected companies have responded to the losses caused by Western sanctions, by seeking to use their access to the Russian state to gain control of lucrative sectors.

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