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Economic sanctions are a frequent instrument of foreign policy. In a diplomatic conflict, they aim to elicit a change in the policies of foreign governments by damaging their economy. However, sanctions are not costless for the sending economy, where domestic firms involved in business with the...
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The UK's exit from the EU can affect Russia primarily through an increase in volatility in the world markets and the … consequent reduction in medium term oil prices. Impacting Russia directly through trade is less likely. First, the United Kingdom … accounts for about 2% of Russia' trade turnover. Second, Russia's exports are mainly raw fuel (84% in 2015), which can be …
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