Capitalizing on the latest developments in the gravity literature, we utilize two new datasets on sanctions and trade … to study the impact of economic sanctions on international trade in the mining sector, which includes oil and natural gas …. We demonstrate that the gravity equation is well suited to model bilateral trade in mining and find that sanctions have …

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 …. We first gauge the impact of the sanctions’ regime using a structural gravity framework and quantify the trade losses in …