International Sanctions against Russia: Implicit Benefits
https://doi.org/10.26794/2220-6469-2018-12-4-82-92
Abstract
In this article, the analysis of the influence of international sanctions on the Russian economy is provided to identify and evaluate their positive effects. The author established some economic areas, where the noticeable improvement of the situation has happened and where exists the creative basis of domestic production. Further, the author analysed her findings on the base of some statistical data and some stylized examples. The opportunities of Russia to diversify trade markets, increase of foreign trade cooperation with the new partners. The author also showed improvement of the country’s food security on the example of changes in the geographical and commodity structure of trade turnover. There is an analysis of the positive trends in import substitution in such sectors as agriculture, military-industrial complex, ITindustry. Furthermore, some examples are given to demonstrate the capabilities of Russia in making the technological breakthrough that is necessary for the further development of the country. In conclusion, the author summarised the positive aspects of the influence of the sanctions and the inference about the need to turn towards the internal potential of the country, towards the search for the hidden reserves and opportunities.
Keywords
international sanctions,
foreign trade,
import substitution,
technological breakthrough,
the geographical structure of trade,
export,
import
Supporting agencies: The article is based on the results of studies carried out at the expense of budget funds on the state task of the financial University for 2018 (topic “Methods of assessing the impact of non-monetary factors on the dynamics of inflation”, code AAA-A18–118052490081–5).
About the Author
N. A. Ekimova
Financial University
Russian Federation
Russian Federation
Cand. Sci. (Econ.), Associate Professor, leading researcher of the Center for Macroeconomic Research
Moscow
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Review
For citations:
Ekimova N.A. International Sanctions against Russia: Implicit Benefits. The world of new economy. 2018;12(4):82-92. (In Russ.) https://doi.org/10.26794/2220-6469-2018-12-4-82-92
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