Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)

Abstract

The Impact of International Sanctions on National Economic Regime of Target States: The Case of Energy Sector (Oil, Gas and Renewable Energy)

Author(s): Bibigul Bimbetova, Yuliya Tyurina, Marija Troyanskaya, Elena Ermakova, Aizhan Orynbassarova, Aizhan Skakova, Gulzhamal Koptayeva, Gulzhan Agabekova

Nowadays, sanction seems to be as an important tool of international policy to keep security and provide collective reaction to violations of peace and international order in diplomatic non-military manner. Recently, international sanctions were imposed against Russia by the European Union and the United States because a change the status of the Crimea and destabilisation of the situation in the southeast part of Ukraine. However, there have been debates on whatever are international sanctions effective or not. In particular, can sanctions change Russia’s political behaviour and achieve political objectives in Ukrainian crisis. This paper aims to use Russia as a case study and examine the impact of sanctions employed by the EU and U.S against Russia on national economy regime.