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Economic Sanctions and Their Impact on Russian Economic Relations with the European Union

This article considers the exchange of sanctions between the European Union (EU) and Russia, and the impact of this exchange on their economic ties. The exchange of sanctions fits the pattern of destructive “economic patriotism,” which has spread in the context of twenty-first-century globalization. The process contributes to economic isolation and negatively affects, although to varying degrees, the economic development of the EU and Russia.