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 investigates the relationships and structures of V4 and Russian financial service industries and the impacts of 2014 sanction policies. Additionally a supplementary ARIMA forecasting analysis is conducted to further explore how foreign exchange rates were affected by these events.
Peters, Eric S., "Exploring the Visegrád-Russia Connection: Understanding the Political and Economic Ramifications of Sanction Policies Four Years Later (Essay 3: Financial Services & Governance)" (2018). Select or Award-Winning Individual Scholarship.