Melikyan L.F., Mironova A. G.


Research Full article

UDC 339.982

Annotation. Performance. In recent years, the term “sanctions” has become widespread. A “new wave” of interest in this phenomenon in Russia began in March 2014, when the first sanctions against Russia in the 21st century were imposed by the United States, and then by a number of other countries. The relevance of the topic is related to the fact that economic sanctions at the present stage, being an important tool of foreign policy, can have a long-term impact on the economy of the country against which they are imposed. The consequences of the sanctions are expressed in a decrease in GDP growth, limited opportunities for business sector development, job losses, etc., which ultimately leads to a decrease in the country’s competitiveness in the global market. The purpose of the work is to analyze the impact of sanctions on the Russian economy. The object of the study is sanctions. The subject of the study is the impact of sanctions and special economic measures on the Russian economy. The research methods used in writing the article can be divided into general scientific (analysis, synthesis, induction, deduction, etc.) and special. The latter include the historical method and the systematic approach. Conclusions. Initially, the introduction of economic sanctions against Russia was of a political nature, thereby having an impact on financial markets and real trade relations. The further development of the Russian economy was slow not only due to the direct impact of trade restrictions, but also as a result of the subsequent crisis phenomena, the unwillingness of the banking sector to lend to manufacturing companies and other industries, and the low investment reliability of investments in Russian business.

Keywords: sanctions, economic impact, energy industry, banking sector, trade restrictions, consequences.


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