What are the effects of the sanctions between Russia and the European Union for the industry and agriculture in the region of Twente?

Abstract

Since 2014 the EU and Russia have put in place a set of sanctions which limit trade between each other. In this study, the authors have found no serious effects of the sanctions on the regional economy of the region Twente. Some individual businesses became bankrupt, but most interviewed businesses reported that they were able to shift their sales to other markets.