The Influence of Anti-Russian Sanctions on World Economic Relations Between Germany and the United States

Abstract

This paper assesses the impact of anti-Russian sanctions on global economic relations between the United States and Germany by changes in the relationship between the economic growth rates of the United States and Germany and the economic growth rates of the countries of the modern world. The correlations between economic growth rates are assessed for the periods before and after the introduction of most anti-Russian sanctions, for 2005–2012, and for 20142022. The results obtained from assessing the closeness of world economic ties indicate that anti-Russian sanctions imposed by the United States and its partners, including Germany, had a significant impact on international economic relations. At the same time, despite the anti-Russian nature of the sanctions, which were initiated by the United States, they practically did not disrupt Russia’s ties with the United States. Despite their anti-Russian orientation, sanctions have significantly weakened Germany’s world economic ties. This suggests that the sanctions were introduced with the expectation that they would strike not only the Russian economy, but also the German economy, which could contribute to the development of the US economy competing with the German economy. Sanctions have changed the structure of world economic ties and increased the closeness of ties between the economies of Germany and Iran, whose world economic ties the United States and its partners are seeking to limit.