Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/272174 
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] EconPol Forum [ISSN:] 2752-1184 [Volume:] 24 [Issue:] 3 [Year:] 2023 [Pages:] 19-22
Verlag: 
CESifo GmbH, Munich
Zusammenfassung: 
Financial sanctions are effective. They have a strong and immediate negative effect on direct financial flows with the sanctioned country. Financial sanctions imposed by a subset of countries, such as the European Union alone, face a higher risk of sanctions evasion, as opposed to sanctions imposed by the United Nations. Financial sanctions tend to be smart, with their effects mostly concentrated on the targeted activity. There is limited evidence that financial sanctions create collateral damage by reducing trade in goods and services. Domestic firms doing business with sanctioned countries tend to be large enough to divert their activities to alternative business opportunities with non-sanctioned countries when sanctions are imposed.
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