Gutmann, Jerg; Neuenkirch, Matthias; Neumeier, Florian - In: Review of International Economics 32 (2023) 1, pp. 132-160
Motivated by the claim that China and Russia purposefully and systematically undermine Western sanction efforts, we study the effects of US and EU sanctions on trade flows between sanctioned and third countries during the period 2002–2019. We find no evidence of systematic sanction busting by...