{"title":"Implications of EU Economic and Financial Sanctions against Russian Federation","authors":"Roxana Trifonova","doi":"10.37075/bjiep.2024.1.04","DOIUrl":"https://doi.org/10.37075/bjiep.2024.1.04","url":null,"abstract":"In view of the annexation of Crimea by the Russian Federation and the provocation of the conflict in Donbas in 2014, the EU adopted and implemented Council Regulation (EU) No 833/2014 of 31 July 2014 in reaction to Russia’s measures undermining Ukraine’s territorial integrity as well as the sovereignty and independence of the country. This period is characterized by erosion of bilateral trade and economic relations between the EU and Russia. After the beginning of Russia’s war against Ukraine in February 2022, the European Union adopted a new series of economic and financial sanctions towards Russia: restrictions on trade; a SWIFT ban for certain Russian banks; restrictions on Russia’s access to the EU’s capital and financial markets and services; a ban on transactions with the Russian Central Bank and others. In the autumn of 2022 the conflict further escalated with the so-called “partial mobilization” in Russia and the further unlawful referenda for annexation of Ukrainian territories. Two years later (February 2024), the war is still raging and the European Union continues its policy of adopting new packages of sanctions against Russia.","PeriodicalId":225817,"journal":{"name":"Bulgarian Journal of International Economics and Politics","volume":"138 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141681828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Risks of Overstressing Corruption: The Case of Ukraine","authors":"Philip Dandolov","doi":"10.37075/bjiep.2024.1.03","DOIUrl":"https://doi.org/10.37075/bjiep.2024.1.03","url":null,"abstract":"This paper has as its reference point the issue of corruption in Ukraine, which has recently once again become the subject of attention due to reports that it may be an important factor when it comes to the recalcitrance of some of Ukraine’s Western partners and allies with regard to offering military support for the country’s war effort against Russia. The main objective is to demonstrate how the West’s tendency to overstress this problem, for which the paper offers proof, that could manifest itself in it applying undue pressure on the Ukrainian authorities, entails risks and may have a number of undesirable repercussions due to 1) providing fuel to Russian disinformation campaigns and negatively affecting the perceptions of Ukraine among Western citizens, 2) hampering the Ukrainian military campaign and its appraisal abroad, 3) indirectly contributing to changing the nature of Ukrainian nationalism by making it more exclusionary.","PeriodicalId":225817,"journal":{"name":"Bulgarian Journal of International Economics and Politics","volume":"64 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141682309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Camille Boulanguer, Sarah Goldman, Maya Jandah, Tsvetelina Marinova
{"title":"Unbacked Cryptomoney, Fiscal Evasion and Environment Tax: Some Policy Recommendations in Europe","authors":"Camille Boulanguer, Sarah Goldman, Maya Jandah, Tsvetelina Marinova","doi":"10.37075/bjiep.2024.1.01","DOIUrl":"https://doi.org/10.37075/bjiep.2024.1.01","url":null,"abstract":"In a 2019 New York Times article, Paul Krugman declared himself a “crypto skeptic” and shared his pessimistic predictions for cryptocurrencies. Nevertheless, unbacked cryptomoney is now very important in our societies and has revolutionized the monetary and financial landscape as exemplified by the increased pressure from competent regulators to monitor and regulate it. Cryptocurrencies are described by their high volatility that permits regulators to define them as non-safe financial assets when it comes to energy consumption. The anonymous property of cryptocurrencies opens the door to tax evasion, making it especially susceptible to avoiding environment-related taxes aimed at tackling negative impact of climate change. Against this background, the paper sets a twofold aim: to demonstrate that unbacked cryptomoney is volatile and it may pose a threat to financial and fiscal stability; and to develop the idea that, given their different degrees of anonymity and their decentralisation nature, cryptocurrencies could actively participate in the process of tax evasion and therefore incur high costs for countries. Given the general ecological condition and ensuing concerns, it is clear that avoiding eco-taxes represents a serious issue since money from eco-taxation could have been invested in environmental social and governance projects. Therefore, a clear and compelling legal framework should be implemented worldwide to reduce the tax evasion phenomena via cryptomoney channels.","PeriodicalId":225817,"journal":{"name":"Bulgarian Journal of International Economics and Politics","volume":"71 s317","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"BOOK REVIEW of \u0000European Democracy and Single Market: 30 Years of the Maastricht Treaty","authors":"Michele Messina","doi":"10.37075/bjiep.2024.1.07","DOIUrl":"https://doi.org/10.37075/bjiep.2024.1.07","url":null,"abstract":"The book under review focuses on two of the most important aspects of the development of the EU integration process – the strengthening of the EU founding value of democracy and the achievement of the EU Single market objective following the entering into force of the Maastricht Treaty. The collective volume features authors coming from different national and academic backgrounds. The democracy-market nexus is approached from a number of perspectives, not always much explored in the past. The analyses seems to suggest that a durable evolution of the EU integration process can only be based on basic principles or founding values of the EU, like in the case of democracy, which is one of the most important ingredients for a European Single market, focused more on social and environmental issues rather than economic ones.","PeriodicalId":225817,"journal":{"name":"Bulgarian Journal of International Economics and Politics","volume":"121 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141682038","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}