The Currency Constraint: Explaining the Selective Enforcement of U.S. Financial Sanctions

We introduce the International Sanctions Termination (IST) dataset that captures all EU, UN, US and regional sanctions between 1990 – 2018. We describe the data collection process, discuss IST’s compatibility with existing datasets, introduce new variables that focus on the design of sanctions and explore how they affect their termination.

Our study argues that different types of external pressure, such as public shaming, the nature of companies’ business relationships, and the legal-regulatory environments affects how firms responded to the sanctions against Russia . Using results from a survey of 610 medium-sized companies in Germany, Poland, and the United States, we find support for this claim.

We introduce the International Sanctions Termination (IST) dataset that captures all EU, UN, US and regional sanctions between 1990 – 2018. We describe the data collection process, discuss IST’s compatibility with existing datasets, introduce new variables that focus on the design of sanctions and explore how they affect their termination.

Our study argues that different types of external pressure, such as public shaming, the nature of companies’ business relationships, and the legal-regulatory environments affects how firms responded to the sanctions against Russia . Using results from a survey of 610 medium-sized companies in Germany, Poland, and the United States, we find support for this claim.