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Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not prevented Putin from ordering an invasion of Ukraine in February 2022, in the overall picture, they have significantly weakened Russia's ability to wage war. This paper...
Persistent link: https://www.econbiz.de/10014334680
Development policy affects human rights in manifold ways. For example, trade agreements can have an adverse impact on the rights to health or food by making essential medicines or goods less accessible or available. Or large-scale investment projects influence indigenous rights when they entail...
Persistent link: https://www.econbiz.de/10010369665
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The German economy coped with the end of Russian gas and could have equally withstood an April 2022 cut-off. - Recently released GDP numbers confirm that the German economy withstood the end of Russian gas imports and even avoided slipping into a recession last winter. This outcome would seem to...
Persistent link: https://www.econbiz.de/10014317114
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This report highlights the effects of international sanctions on Russia's economic performance up to mid-2024. Despite monetary tightening, Russia's early 2024 economic growth remained strong due to a tight labor market and continued credit expansion. The fiscal outlook has improved with more...
Persistent link: https://www.econbiz.de/10015057340
In 2023, Russia experienced a 3.5% economic growth, but forecasts for 2024 indicate a slowdown to 1.5% due to tightened monetary policies and the expected global economic slowdown. Despite large military spending and Western energy sanctions eroding budget revenues, fiscal deficits have been...
Persistent link: https://www.econbiz.de/10015057362
Russia's foreign trade has shifted, causing a 30% depreciation in the Rouble due to declining oil prices and EU embargoes on Russian oil. While exports have decreased by 32%, imports have increased by 17% due to innovative ways to bypass trade sanctions. Despite EU restrictions, only around...
Persistent link: https://www.econbiz.de/10015057374
This paper explains why the approach taken so far to mitigate global climate change has failed. The central reason is an inability to enforce targets and timetables. Current proposals recommending even stricter emission limits will not help unless they are able to address the enforcement...
Persistent link: https://www.econbiz.de/10010298625
The current WTO jurisdiction on linkages of trade and environment is not free of contradictions and has provided for heated debate due to some inconsistencies in past WTO rulings. The article argues that the WTO jurisdiction is not only unclear but also lacks economic reasoning. It aims to...
Persistent link: https://www.econbiz.de/10010263545