Template-Type: ReDIF-Paper 1.0
Author-Name: Kiet Duong
Author-X-Name-First: Kiet 
Author-X-Name-Last: Duong
Author-Email: kiet.duong@york.ac.uk
Author-Workplace-Name: University of York.
Author-Name: Toan Huynh
Author-X-Name-First: Toan
Author-X-Name-Last: Huynh
Author-Email: t.huynh@qmul.ac.uk
Author-Workplace-Name: Queen Mary University of London
Author-Name: Anh Phan
Author-X-Name-First: Anh
Author-X-Name-Last: Phan
Author-Email: a.phan@liverpool.ac.uk
Author-Workplace-Name: University of Liverpool
Author-Name: Nam Vu
Author-X-Name-First: Nam
Author-X-Name-Last: Vu
Author-Email: vunt@miamioh.edu
Author-Workplace-Name: Miami University
Title: From Russia with Love: International Risk-sharing, Sanctions, and Firm Investments
Abstract: We propose a novel explanation for why sanctions on Russian firms might not work as intended: these firms' ability to diversify sanction risks via partner countries friendly with Russia. Using indirect links with partner firms as a plausibly exogenous proxy for this risk-sharing channel, we show that exposed Russian firms were able to leverage these links to alleviate the negative impacts of sanctions in 2014.
Length: 27 pages
Creation-Date: 2024-08
Revision-Date: 
Publication-Status: 
Classification-JEL: F31; F41; F42; F51
Keywords: International risk-sharing, sanction, Russia, firm-level
File-URL: http://cgr.sbm.qmul.ac.uk/CGRWP119.pdf
Number: 119
Handle: RePEc:cgs:wpaper:119