Economic interdependence and economic sanctions: a case study of European Union sanctions on Russia

Abstract

Economic sanctions impose costs on sender as well as target states, and those costs increase with the degree of interdependence between the states in question. We test the hypothesis that EU member states that are more economically interdependent with Russia would be the most opposed to the imposition of sanctions on Russia in response to its actions in Ukraine in 2013–2014. However, an analysis of the debate over the imposition of sanctions shows the opposite: a modest positive correlation between economic interdependence and support for the sanctions among EU member states. This finding further calls into question the fundamental linkage between economic self-interest and conflict avoidance among interdependent states.