{"product_id":"the-reshaped-economic-relations-between-russia-and-turkey-after-western-economic-sanctions-von-dilan-gunes","title":"THE RESHAPED ECONOMIC RELATIONS BETWEEN RUSSIA AND TURKEY AFTER WESTERN ECONOMIC SANCTIONS","description":"Economic sanctions as a foreign policy tool is used by sender countries to change policy or behavior of atarget country. The economic sanctions are multilevel phenomena that not only affects  both  sides  of  the  action  but  also  have  implications  for  third  parties,  reshaping  the political and economic relations of the sender and target countries with the other states. The effects  of  the  economic  sanctions  imposed  by  the  West  on  Russia  and  Turkey  have  direct implications for the balance of power in the region and globally.  Therefore, this paper aimsto examinehow  did  economic  sanctions  (re)shape  the  economic  relations  between  Russia and  Turkey. In  doing  so,  the  paper  applies explanatory  sequential  mixed  methods. First,logarithmic regression model was conducted by time series data over the period ranging from 1992 to 2018.  The paper confirms that economic sanctions imposed on target countries that already have trade relations increase the bilateral trade between them, especially for Turkish case. Subsequently, content analysis was conducted reviewingannual data starting from 1992 but  mostly  focusing  on  2014-2018  period.  The  analysis  showsthat  because  the  sender countries are important trade partners in the target countries, to counterbalance the effects of economic sanctions target countries choose to diversify their trade. According to the results, Russia diversified towards Asia and Central Asia while Turkey increased its trade with the EU  which  is  mutual  ally  of  the  US  and  Turkey.  Excluding  the  2015  plane  crisis  between Russia and Turkey, the Western sanctions imposed on both countries increased the bilateraltrade between them. However, these two countries are the first choice of each other when it comes to trade partner diversification.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783981955491\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Paperback - 9783981955491","offer_id":50128260563269,"sku":"9783981955491","price":49.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/ba5dea35-b2b3-4193-8900-8d0fabe3a48f.jpg?v=1776145849","url":"https:\/\/shop.autorenwelt.de\/en\/products\/the-reshaped-economic-relations-between-russia-and-turkey-after-western-economic-sanctions-von-dilan-gunes","provider":"Autorenwelt Shop","version":"1.0","type":"link"}