This paper introduces the third update or release of the Global Sanctions Data Base (GSDB-R3). The GSDB-R3 extends the period
of coverage from 1950-2019 to 1950-2022, which includes two special periods – COVID-19 and the new sanctions against Russia.
This update of the GSDB contains a total of 1,325 cases. In response to multiple inquiries and requests, the GSDB-R3 has been
amended with a new variable that distinguishes between unilateral and multilateral sanctions. As before, the GSDB comes in
two versions, case-specific and dyadic, which are freely available upon request at GSDB@drexel.edu. To highlight one of the
new features of the GSDB, we estimate the heterogeneous effects of unilateral and multilateral sanctions on trade. We also
obtain estimates of the effects on trade of the 2014 sanctions on Russia.