SANCTIONS ON RUSSIA AS A MONOLOGUE FROM A POSITION OF STRENGTH
Abstract
In March 2014, the US and the EU announced sanctions against Russia. No one authoritative international body approved or endorsed these sanctions, but by some other countries imposed them later too. Mostly they were NATO members and allies of the USA. The sanctions were explained as measures that can forced the Russian Federation to strictly follow the requirements of the United States and some other Western nations for Russian position on the issue of Ukraine. Basically, sanctions were aimed at the international isolation of Russia, the weakening its economy, discrediting the President of the Russian Federation, and the formation of the image of Russia as a rogue state.International isolation of the Russian Federation is organized in several areas: in the areas of trade, investment, economic, scientific, educational, technical-technological and military cooperation. There are reasons to expect that the next medium-term period will be rather difficult for the Russia» economy in general and for the domestic financial system. The challenging external and domestic economic conditions will entail undesirable consequences: the deterioration a situation in external trade and in fi ancial sphere, the acceleration of the capital outfl w, the decrease in volumes of production and profi of a number of producers, primarily working for export, the slowdown in technological re-equipment of production, etc.Under these conditions, the center of gravity of economic policy of domestic economic entities logically shifts from external to internal sources of financing, and the state concentrates on promoting socio-economic development of the Russian Federation, encouraging and supporting advanced and promising activities, innovative individuals, sectors and regions of the country.
About the Author
SERGEY VLADIMIROVICH Kazantsev
Institute of Economics and Industrial Engineering
Russian Federation
Russian Federation
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Review
For citations:
Kazantsev S.V. SANCTIONS ON RUSSIA AS A MONOLOGUE FROM A POSITION OF STRENGTH. The world of new economy. 2015;(1):13-30. (In Russ.)
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