In March 2014, the West sanctions against Russian Federation went into effect due to the annexation of Crimea to its territory and interference in territorial integrity and independence of Ukraine. The sanctions were applied in the fields of trade, finance, technology and industry, companies and individuals. The synchronization of the sanctions with oil shock challenged the Russian economy. So the question arises whether the intensity, duration and strength of sanctions imposed by the West against Russian Federation have had the necessary effectiveness in line with the western political objectives? In response to the question, the assumption was that the West sanctions had been able to do well with the Western objectives by challenging the Russian economy. In this regard, by investigating the effects of sanctions on the variables and macroeconomic indicators of Russian Federation and consequently the performance of sanctions, we have tried to analyze the effects and effectiveness of these sanctions. In this study using the static comparative method, years after the sanctions were analyzed in comparison with the years before, in order to clarify the effectiveness of sanctions on the economic performance of Russian Federation in an almost good level. In the end, we came to this conclusion that the sanctions failed to put a negative impact on the Russian economy and they hadn’t necessary effectiveness in line with the western political objectives; it was also clarified that the Russian economy was more likely to fall due to the decline in the price of oil rather than the West sanctions.
