Global Sancflation as a Reflection of the Impact of Sanctions Against Russia to Inflation: Some (Im)possible Comparisons
Global Sancflation as a Reflection of the Impact of Sanctions Against Russia to Inflation: Some (Im)possible Comparisons

Author(s): Elena Simeonova
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, Supranational / Global Economy, Sociology, Economic policy, Evaluation research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: global sancflation; sanctions; inflation; the militarization of finance; global political risk
Summary/Abstract: The paper reflects some thoughts on the nexus between the sanctions against Russia and the global inflation rates since February 2022. The paper sets the following objectives: 1) to bring out and define the term sancflation, and 2) to search for other cases of similar global impact of the sanctions-inflation nexus. The thesis statement is that sanctions on Russia are unique and have global economic effects (including inflation) far greater than anything seen before. The global impact evaluation of Russia’s case should prompt a reconsideration of sanctions as a policy instrument.

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