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    Bank of Finland, Rauhankatu 19 B, Helsinki

Laura Solanko (BOFIT) and Jukka Sihvonen (Aalto University): Russia and sanctions. Observations from annual reports of European firms

Co-author: Denis Davydov (University of Vaasa)

Abstract
This paper explores the annual reports of 5,877 large firms to assess the vigilance of the European business sector to international sanctions. Using the recent case of sanctions against and by Russia, we perform an extensive textual analysis on 16,000 annual reports from 30 countries over the period 2014-2018.”

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