Impact of EU Sanctions on Russia: An Analysis

Author(s)	Dr. Sukhwinder Singh, Ms. Rupinder Kaur
Country	India
Abstract	Sanctions caused serious effects on the Russian economy, as they have limited the trade, reduced foreign investments, currency markets were destabilized and there was difficulty in obtaining vital technologies. Nevertheless, Russia showed survival capacity as a result of fiscal measures, trade redirection against non-sanctioning countries, and expanding energy revenues. Although initially it bumped back to stabilized its economy but this has cost it long term productivity, technological development and foreign direct investment. In this paper, the multisided implications of international sanctions are investigated with references to the broad sanctions placed on Russia by the European Union (EU) in relation to the 2022 Ukraine crisis. It discusses the economic, political and humanitarian implications of sanctions on the two powers, Russia and the EU. The negative effects on the EU, especially in terms of energy security, industrial production and inflation are also evaluated in the paper. This paper relies on secondary sources and qualitative research approach is adopted in it.
Keywords	Sanctions, EU, Russia, Energy, Trade.
Published In	Volume 7, Issue 4, July-August 2025
Published On	2025-08-02
DOI	https://doi.org/10.36948/ijfmr.2025.v07i04.52389
Short DOI	https://doi.org/g9vzhm

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