This book analyzes the goals of Western sanctions imposed on Russia from 2014 to 2023. It explores the effects of sanctions on the Russian economy and its political course, as well as the repercussions of the sanctions to the senders and third parties, including spillover effects on neighboring countries and boomerang effects on the senders. While sanctions can be considered relatively effective in terms of economic damage, the Russian economy is far from being crushed. Importantly, sanctions proved to be ineffective as an instrument of foreign policy. They have failed to alter Moscows resolve to continue its military operation and are unlikely to change it in the near future. The effects of the sanctions extend well beyond their anticipated impact on Russia itself, primarily due to the Western nations limited experience and knowledge in implementing sanctions against a major power with extensive global connections, such as Russia.

Dr. Angela Borozna is Adjunct Professor at California State University, Fullerton. She holds a Ph.D. in political science from the Graduate Center, City University of New York, USA, and a Masters degree in finance from George Washington University, USA. Her current research interests focus on Russian foreign policy, economic sanctions, Arctic policy, the political economy of Russia, and Russias strategic culture. She is the author of the book The Sources of Russian Foreign Policy Assertiveness, published with Palgrave Macmillan in 2022. She previously worked for several finance companies in London, New York, and San Francisco.

Dr. Lada V. Kochtcheeva is Professor of Political Science in the School of Public and International Affairs at the North Carolina State University. Her research speaks to the theories of governance, globalization, policy innovation, comparative public policy, government-society relations, environmental regulation, and post-communist politics, especially Russian politics. She has conducted research in the United States and abroad, including the UNEP, state agencies, research institutes, and think tanks. She is the author of two books,Russian Politics and Response to Globalization (Palgrave) andComparative Environmental Regulation in the United States and Russia: Institutions, Flexible Instruments, and Governance (SUNY).

1.Introduction.- 2. Sanctions: A Theoretical Review.- 3. Annexation of Crimea: Western Sanctions and Russias Response (2014-2021).- 4. The War in Ukraine: Avalanche of Western Sanctions and Russias Reaction.- 5. Sanctions Busting: The Role of Various States in Russias Resistance to Sanctions.- 6. Assessing Sanctions Effectiveness.- 7. Implications of sanctions to the rest of the world.- 8. Conclusion.