title: Do Sanctions Backfire
abstract: The aim of this thesis is to investigate whether sanctions have a negative effect also on the sanctioning economies and not only on the targeted ones. I investigate the recent sanctions imposed by the Western Economies (i.e. Australia, Canada, the European Union and the USA) on Russia following the Crimea crisis. I collect quarterly data on industry performance, exports by products and FDI from 2010 until 2016 to study whether they are affected by sanctions. The results prove that European Union