24 February 2023
Erika Szyszczak is a Fellow of the UK Trade Policy Observatory and Professor Emerita of Law at the University of Sussex.
24 February 2022: a date that shook the world as Russian aggression in Ukraine escalated.
The fragility of a strategic democratic state was challenged, alongside exposing the vulnerability of interdependent global supply chains. Thus, it was not surprising that the early response to Russian aggression was in the form of economic sanctions led by the US, the UK and the EU. [1] (more…)
Cosmo Rana-Iozzi February 24th, 2023
Posted In: Uncategorised
Tags: Emissions, EU, European Court of Justice, European Union, Financial Services, international economic law, law, Legal Issues, Russia, Sanctions, trade, UK economy, UK Government, Ukraine, USA
27 January 2022
Michael Gasiorek is Professor of Economics and Director of the UK Trade Policy Observatory at the University of Sussex and Guillermo Larbalestier is Research Assistant in International Trade at the University of Sussex and Fellow of the UKTPO.
The crisis between Ukraine and Russia is deeply concerning – for the people of Ukraine, but also in terms of broader ramifications for world order and stability. NATO’s strategy to avoid direct military action against Russia points at diplomacy and economic sanctions. It is therefore useful to consider the possible role of these in the realm of international trade.
As we show below, Russian trade is highly dependent on the EU and NATO member states. Hence, the scope for the use of such policy is there. This is not an argument, however, for so doing – as that involves complex political trade-offs (which are beyond the scope of this blog). The importance of Russia as a supplier in particular sectors, notably energy, and hence the dependence of the EU and NATO member states on Russia is also a factor in those trade-offs.
Charlotte Humma January 27th, 2022
Posted In: Uncategorised
