Unimportant for the Economy as a Whole
East Central Europe and the EU Sanctions against Russia
Deutsche Fassung
Abstract
In 2014, the European Union imposed economic sanctions against Russia in the defence, energy, and finance sectors. Moscow responded with a ban on imports for selected agricultural and food products. Critics of Western sanctions spoke of the massive losses that the economies of the EU countries have to would suffer. Trade with Russia has in fact decreased in recent years. But this has to do with the general weakness of the Russian economy and started before 2014. Even the economies of Central and Southeastern Europe, which are comparatively more intertwined with Russia, have recorded no serious slump since mid-2014.
(Osteuropa 11-12/2015, pp. 103–118)