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May 21, 2021 · The devastating human, economic costs of Crimea’s annexation. People in the Peninsula say they are subject to poor social services, dirty water and spiralling prices. People walk past a...
Russia’s $1.65trn economy can probably afford to prop up Crimea without much difficulty, but Crimean citizens may start to question whether this is the reality they envisioned when the annexation was taking place.
Mar 18, 2019 · While the seizure of Crimea proved very popular with the broader Russia public, the quagmire in Donbas has not. The most biting Western economic sanctions would come off of Russia if it left...
- Robert Schuman
- The Jean Monnet/ Robert Schuman Paper Series
- Joaquín Roy Director
- International Jean Monnet Editorial Advisors:
- Introduction1
European Union Center/ Jean Monnet Chair The Event that Defied Putin: The Annexation of Crimea and its Negative Economic Consequences with the European Union (EU) Nathalie Rodriguez
The Jean Monnet/Robert Schuman Paper Series is produced by the Jean Monnet Chair and the European Union Center of the University of Miami. These monographic papers analyze ongoing developments within the European Union as well as recent trends which influence the EU’s relationship with the rest of the world. Broad themes include, but are not limit...
Beverly Barrett Associate Editor Melanie Goergmaier Associate Editor Maxime Larivé Research Associate María Lorca Research Associate Florida International University Markus Thiel (Director, FIU)
Philippe de Lombaerde, UNU/CRIS, Brugge, Belgium Carlos Hakansson, Universidad de Piura, Perú Kurt Hübner, University of British Columbia, Vancouver Finn Laursen, University of Southern Denmark John McCormick, Indiana University, Purdue Félix Peña, Universidad Nacional de Tres de Febrero, Buenos Aires, Argentina Beatriz Pérez de las Heras, Universi...
The 2014 Annexation of Crimea by Russia has been regarded as the most significant event of the post-Soviet political and social order. Such breach of norms of territorial sovereignty and democracy to the international community was met with austere economic sanction policies from the Western powers that ultimately had, and continue to have, negativ...
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Mar 19, 2014 · The annexation of the peninsula entails a number of costs for the Russian Federation. For Crimea, the urgent problem is how to finance the huge local budget deficit, estimated at $1 billion. According to preliminary announcements, Russian economic aid for Crimea is expected to amount to at least $2.2 billion annually.
According to the German newspaper Die Welt, the annexation of Crimea is economically disadvantageous for the Russian Federation. Russia will have to spend billions of euros a year to pay salaries and pensions.
Oct 22, 2019 · We find no evidence of broad sanctions backfire. Instead, sanctions have forced Russia’s president to pay a political price. But this price has been low compared to the massive political benefits we document arising from the sanctions-triggering event, the Crimea annexation.
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