In 2014 the European Union, in concert with a number of other nations, enacted multiple rounds of sanctions against the Russian Federation. These sanctions were implemented due to the perceived role of the Russian Federation in the Ukrainian Euro Maiden Revolution of February 2014, and the subsequent annexation of the Crimean region. The following work investigates the resulting impacts of these sanctions on V4 (Czech, Hungarian, Polish, & Slovak) economies before ultimately concluding sanctions did not result in long term economic harm to the respective nations.
This essay provides an econometric analysis of the trade flows between V4 countries and Russia in order to understand whether 2014 sanction policies affected Eastern European economies in statistically significant ways.
Peters, Eric S., "Exploring the Visegrád-Russia Connection: Understanding the Political and Economic Ramifications of Sanction Policies Four Years Later (Essay 1: Econometric Analyses)" (2018). Select or Award-Winning Individual Scholarship.