This article analyzes and discusses the objectives of the sanctions implemented by the European Union against Russia and Russian countermeasures against EU member states in 2014-2015, by comparing the official aims with the options expressed in theoretical debates and experiences gained from historical lessons. In principle, the study seeks an answer to the question: what could be realistically achieved as a result of the current form of restricted sanctions and what stays beyond their reach. Methodologically, this article focuses on the evaluation of the ability of theoretical models to explain the logic of anti-Russian sanctions and debates the options of the outcomes of current formation of sanctions in light of theoretical models.