http://dx.doi.org/10.14261/postit/0C6A2C6A-5687-474F-99F06AAA881D88D4Conference paper of the Regional Innovation and Entrepreneurship Conference (RIEC) at Saxion University of Applied Sciences  (2015/2016)Abstract: Since 2014 the EU and Russia have put in place a set of sanctions which limit trade between each other. In this study, the authors have found no serious effects of the sanctions on the regional economy of the region Twente. Some individual businesses became bankrupt, but most interviewed businesses reported that they were able to shift their sales to other markets.