The Impact of International Sanctions on Ukraine's Sustainable Development in the Context of Russian Cyberwarfare

Main Article Content

Petro Korniienko
Iaroslav Petrunenko

Abstract

Ukraine's sustainable development has been profoundly affected by Russia's continuing international sanctions especially in relation to the increased use of cyber warfare by Russia. There are many effects of the sanctions such as loss of supply chains, low foreign direct investment, and enhancement of the levels of threat to the country’s cyberspace, the research states. The study does look into this structural and economic problem from several angles, including: challenging the microeconomics of the problem: the exchange of information among the players involved, the potential economic gain that is prevented, the wasted economic gain, the cut-off supply lines, etc. Real-world data, policy review and interviews with relevant parties indicate that these are issues of, amongst others, trade network breakdown, flight of foreign investment and rise in cyber insecurity. Also, it looked at the relationship between the sanctions imposed and the threats posed by cyber warfare and how these two elements make Ukraine’s sustainability processes painstakingly long. The findings underscore the need for a proactive intervention plan severely fortified by cyber security strategies. This underlines the need for Ukraine to employ a comprehensive approach where both the short term strategies aimed at countering sanctions and the broader threat of cyber warfare are designed to support economic expansion, as effective within the given limitations.

Downloads

Download data is not yet available.

| Abstract views: 200 | PDF Downloads: 174 |

Article Details

How to Cite
Korniienko, P., & Petrunenko, I. (2023). The Impact of International Sanctions on Ukraine’s Sustainable Development in the Context of Russian Cyberwarfare. Law, Business and Sustainability Herald, 3(2), 30–47. Retrieved from https://www.lbsherald.org/index.php/journal/article/view/65
Section
Articles

References

Al-Samarrai, B. (2018). Economic sanctions against iraq: Do they contribute to a just settlement? In Economic sanctions (pp. 133–139). Routledge. https://doi.org/10.4324/9780429493935-11

Assessing the consequences of sanctions busting. (2020). In Busted sanctions (pp. 30–56). Stanford University Press. https://doi.org/10.1515/9780804794329-004

Averre, D., & Wolczuk, K. (2018). Introduction: The ukraine crisis and post-post-cold war europe. In The ukraine conflict (pp. 1–5). Routledge. https://doi.org/10.4324/9781315170770-1

Bada, M., & Nurse, J. R. C. (2020). The social and psychological impact of cyberattacks. In Emerging cyber threats and cognitive vulnerabilities (pp. 73–92). Elsevier. https://doi.org/10.1016/b978-0-12-816203-3.00004-6

Barakat, S., Connolly, D., Hardman, F., & Sundaram, V. (2013). The role of basic education in post-conflict recovery. Comparative Education, 49(2), 124–142. https://doi.org/10.1080/03050068.2012.686259

Bechara, F. R., & Schuch, S. B. (2020). Cybersecurity and global regulatory challenges. Journal of Financial Crime, ahead-of-of-print). print(aheadhttps://doi.org/10.1108/jfc-07-2020-0149

Boloukian, R. (2016). Post-sanctions economic developments. Internationales Verkehrswesen, 68(3). https://doi.org/10.24053/iv-2016-0061

Bradshaw, S. (2015). Combating cyber threats: Csirts and fostering international cooperation on cybersecurity. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2700899

Cortright, D., & Lopez, G. A. (2018). Research concerns and policy needs in an era of sanctions. In Economic sanctions (pp. 201–208). Routledge. https://doi.org/10.4324/9780429493935-17

Craig, A., Valeriano, B., & Bren, D. (2016). Reacting to cyber threats: Protection and security in the digital age. Global Security and Intelligence Studies, 1(2). https://doi.org/10.18278/gsis.1.2.3

Cyber warfare. (2017). In Technology security and national power (pp. 133–154). Routledge. https://doi.org/10.4324/9781315130736-6

Dawson, M. (2018). A brief review of new threats and countermeasures in digital crime and cyber terrorism. In Cyber security and threats (pp. 173–180). IGI Global. https://doi.org/10.4018/978-1-5225-5634-3.ch010

Diachenko, O. (2022). Impact of international sanctions on the russian economy. Electronic Scientific Publication "Public Administration and National Security", (5(27)). https://doi.org/10.25313/2617-572x-2022-5-8161

DiStaso, M. (2018). Communication challenges in cybersecurity. Journal of Communication Technology, 1(1). https://doi.org/10.51548/joctec-2018-004

Dmitrieva, G. K. (2019). Digital financial assets: Conflict control issues. Actual Problems of Russian Law, (5), 120–128. https://doi.org/10.17803/1994-1471.2019.102.5.120-128

Economic sanctions reconsidered. (2008). Choice Reviews Online, 45(10), 45–5677–45–5677. https://doi.org/10.5860/choice.45-5677

Elliott, K. A. (n.d.). The impacts of United Nations targeted sanctions. In T. J. Biersteker, S. E. Eckert, & M. Tourinho (Eds.), Targeted sanctions (pp. 172–189). Cambridge University Press. https://doi.org/10.1017/cbo9781316460290.009

Ganiev, J., Baigonushova, D., & Uichubek Kyzy, M. (2018). The impact of sanctions on the eurasian economic union members. In International conference on eurasian economies. Eurasian Economists Association. https://doi.org/10.36880/c10.02047

Gupta, M., & Rao, H. R. (n.d.). Role of FS-ISAC in countering cyber terrorism. In Cyber warfare and cyber terrorism (pp. 83–90). IGI Global. https://doi.org/10.4018/978-1-59140-991-5.ch011

Haminskiy, Y. (2021). The role of international humanitarian law in the era of cyber threats. Advances in Law Studies, 9(1), 56–60. https://doi.org/10.29039/2409-5087-2021-9-1-56-60

Hansel, M., Mutschler, M., & Dickow, M. (2018). Taming cyber warfare: Lessons from preventive arms control. Journal of Cyber Policy, 3(1), 44–60. https://doi.org/10.1080/23738871.2018.1462394

Herbert, G. (2022). The unintended consequences of economic sanctions. Institute of Development Studies. https://doi.org/10.19088/k4d.2022.100

UNDP. (n.d.). UNDP. https://www.undp.org

Hryshchuk, R., & Tagarev, T. (2018). Hybrid warfare challenges and responses: Lessons from ukraine. Information & Security: An International Journal, 41, 5–8. https://doi.org/10.11610/isij.4101

Hufbauer, G. C. (2007). Economic sanctions reconsidered (3rd ed.). Peterson Institute.

Ivanova, O. Y. (2015). Influence fiscally sustainable development of regions of ukraine. Financial and Credit Activity: Problems of Theory and Practice, 2(17), 141. https://doi.org/10.18371/fcaptp.v2i17.37351

Jaeger, M. D. (2018a). Evolving sanctions strategies, changing conflict observations. In Coercive sanctions and international conflicts (pp. 230–233). Routledge. https://doi.org/10.4324/9781315522432-8

Jaeger, M. D. (2018b). A sociological theory of coercive international sanctions. In Coercive sanctions and international conflicts (pp. 43–84). Routledge. https://doi.org/10.4324/9781315522432-3

Jessen, H. (2020). Multilateral and unilateral sanctions: Compliance and challenges. In Encyclopedia of the UN sustainable development goals (pp. 1–11). Springer International Publishing. https://doi.org/10.1007/978-3-319-71066-2_51-1

Jones, E., & Whitworth, A. (2014). The unintended consequences of european sanctions on russia. Survival, 56(5), 21–30. https://doi.org/10.1080/00396338.2014.962797

Justino, P., Leone, M., & Salardi, P. (2011). Education and conflict recovery. In Education and conflict recovery. Policy Research Working Paper. https://doi.org/10.5040/9781350995031.0002

Keerati, R. (2022). The unintended consequences of financial sanctions. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4049281

Kenney, M. (2015). Cyber-Terrorism in a Post-Stuxnet World. Orbis, 59(1), 111–128. https://doi.org/10.1016/j.orbis.2014.11.009

Lopez, G. Α., & Cortright, D. (2018). Economic sanctions in contemporary global relations. In Economic sanctions (pp. 3–16). Routledge. https://doi.org/10.4324/9780429493935-1

Markandya, A., Mueller, A., Salcone, J., Thambi, S., & Hussain, S. (2021). COVID-19 and climate change: Challenges or opportunities for economic recovery. Mètode Revista de difusió de la investigació, (12). https://doi.org/10.7203/metode.12.18946

Milić, I. (2017). Legal consequences of misdemeanor sanctions. Glasnik Advokatske komore Vojvodine, 8), 89(5253–263. https://doi.org/10.5937/gakv1708253m

Ministerstvo tsyfrovoi transformatsii Ukrainy. (n.d.). Ministerstvo tsyfrovoi transformatsii Ukrainy. https://thedigital.gov.ua

Orakhelashvili, A. (2015). The impact of unilateral EU economic sanctions on the UN collective security framework: The cases of iran and syria. In Economic sanctions under international law (pp. 3–21). T.M.C. Asser Press. https://doi.org/10.1007/978-94-6265-051-0_1

Putra, L. B. S. (2022). Formation of cyber forces for encounter modern warfare and cyber warfare. International Journal of Research and Innovation in Social Science, 06(08), 149–152. https://doi.org/10.47772/ijriss.2022.6806

Quotes, C. (2020). Cybersecurity engineer i'm not arguing i'm just explaining why i'm right. Independently Published.

Relia, S. (2015). Cyber warfare: Its implications on national security. Vij Books India Pvt Ltd.

Rivera, J. (2010). Opportunities and challenges for economic recovery. In Community disaster recovery and resiliency (pp. 169–171). CRC Press. https://doi.org/10.1201/b10269-10

Romanova, T. (2018). Sanctions and the future of eu–russian economic relations. In The ukraine conflict (pp. 224–246). Routledge. https://doi.org/10.4324/9781315170770-12

Rusinova, V., Martynova, E., & Kurakina, P. (2020). Fighting cyber-attacks with sanctions: New threats, old responses. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3742751

Savinova, L. I. (2019). The impact of sanctions on the Russian economy. In Nauka rossyy: Tsely y zadachy. NYTs «L-Zhurnal». https://doi.org/10.18411/sr-10-02-2019-08

Semenenko, I., Halhash, R., & Ivchenko, Y. (2019). Role of international organizations in promoting sustainable development in conflict-affected regions: Case of luhansk region in ukraine. European Journal of Sustainable Development, 8(2), 21. https://doi.org/10.14207/ejsd.2019.v8n2p21

Semenenko, I., Halhash, R., & Sieriebriak, K. (2019). Sustainable development of regions in Ukraine: Before and after the beginning of the conflict. Equilibrium, 14(2), 317–339. https://doi.org/10.24136/eq.2019.015

Shamraev, A. V. (2021). Digital financial assets: International approaches to regulation and their influence on russian law. Banking Law, 1, 63–75. https://doi.org/10.18572/1812-3945-2021-1-63-75

Shin, G., Choi, S.-W., & Luo, S. (2016). Do economic sanctions impair target economies? International Political Science Review, 37(4), 485–499. https://doi.org/10.1177/0192512115590203

Shkrabak, I. (2020). Aspects of economic recovery in post-conflict areas. Efektyvna ekonomika, (10). https://doi.org/10.32702/2307-2105-2020.10.8

Simonen, K. (2015). Economic sanctions leading to human rights violations: Constructing legal argument. In Economic sanctions under international law (pp. 179–195). T.M.C. Asser Press. https://doi.org/10.1007/978-94-6265-051-0_10

State statistics service of Ukraine. (n.d.). Holovna | Derzhavna sluzhba statystyky Ukrainy. https://stat.gov.ua/en

Tabatadze, L. (2022). World economic sanctions, reality, real consequences. New Economist. https://doi.org/10.52340/tne.2022.17.1.02

The impact of us economic sanctions on russia's social-economic development. (2019). In Global business and law development imperatives. Kyivskyi natsionalnyi torhovelno-ekonomichnyi universytet. https://doi.org/10.31617/k.knute.2019-10-10.22

Wang, Y., Wang, K., & Chang, C.-P. (2019). The impacts of economic sanctions on exchange rate volatility. Economic Modelling, 82, 58–65. https://doi.org/10.1016/j.econmod.2019.07.004

World bank group - international development, poverty, & sustainability. (n.d.). World Bank. https://www.worldbank.org/en/home