Legal and Economic Consequences of Russia's Expansionary Policy

In the recent history of the world, especially in the last two decades, large-scale military actions by Russia and Russian intervention have attracted wide international attention. Russia's increasingly confrontational stance has been manifested in military interventions in Georgia (2008) and in Ukraine (2014). The occupation/annexation of the territories of Georgia and Ukraine by the Russian Federation is a gross violation of the principle of sovereignty and territorial integrity of a country, as well as of the norms and principles of international law, that have significantly changed the international order established between the states and called into question the security of the Black Sea region and Europe as a whole. The purpose of this chapter is to provide a legal analysis of Russia's aggressive policy and the economic consequences of Ukraine and Georgia as aggrieved parties.