Legal analysis of the restrictive measures imposed by the European Union and the United States on the Russian federation

Blanco de Tord, Inés

Legal analysis of the restrictive measures imposed by the European Union and the United States on the Russian federation

Citation

Blanco de Tord, I. Legal analysis of the restrictive measures imposed by the European Union and the United States on the Russian federation. 2016. handle: http://hdl.handle.net/10230/27648

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Abstract

The restrictive measures imposed by the European Union and the United States on Russian individuals and entities are an example of the appearance of new forms of economic statecraft as means to deal with the global challenges that we are facing nowadays. The vast literature on this topic in different fields, especially in International/nLaw, proves its relevance and complexity. The concepts of sanctions, countermeasures and restrictive measures are subject to many different interpretations. Thus, one important task is to qualify the measures adopted against Russia given their specific/ncharacteristics. To analyze the efficacy of these measures, it is first important to understand their content, their purpose and their target. The EU and the US set different procedures for the adoption of these measures but their content is substantially similar. Finally, the political and economic consequences need to be examined with regards to the purposes and the nature of the restrictive measures, which were designed to coerce and constrain, but above all to signal the position of the initiators and their rejection to the responsible actors’ actions. Finally, the future of the conflict in Crimea and East Ukraine is unpredictable and it certainly depends on the peaceful cooperation of all the parties involved.