Efficacy of the European Union and the United States\u27 Sanctioning of Russia in Response to Breaches of Ukrainian Sovereignty

This research inquiry breaks down some of the intricacies of US and EU sanctions imposed on Russia following the breaches of Ukrainian sovereignty by the Kremlin in 2014. These sanctions are examined for their direct fiscal impacts and implicit efficacies as the result of specific policies. This paper seeks to identify nuanced characteristics of various sanctions and determine how sanction efficacy is tied to the classification under which the controlled product/good category is considred. This is just an initial record of observed patterns in sanctioning within a specific geopolitical realm. The paper was written in December 2021, and therefore prior to the Russian full-scale invasion of Ukraine that started on February 24, 2022