EXPORT DEVELOPMENT TRENDS IN THE KURSK REGION UNDER SANCTIONS

The deterioration of the political and economic situation in recent years on the wave of exacerbation of relations with Ukraine and the resulting introduction of several sanctions from the EU countries against Russia threatened the foreign economic activity established over the years. If the restriction on imports can act as a positive factor, contributing to the implementation of the policy of protectionism and import substitution, then the reduction in export volumes has a significant negative impact. During the study, an assessment of the development of exports of the Kursk region in the conditions of sanctions was given, the main trends and their causes were identified. It was found that over the past 5 years, the total export volume of the Kursk region has doubled and reached 792.5 million dollars. At the same time, in the territorial structure of the region's exports, the overwhelming share is taken by exports to non-CIS countries, which today account for more than 70% of total volume, and the dynamic growth in value reached $ 569.3 million by 2019. In turn, export to the CIS countries has not been actively developed and occupies less than 30% of the total volume. The basis of the region's exports today are mineral products, which account for about 58% of the total. The importance of export development is difficult to overestimate: the development of international trade contributes not only to the establishment of external relations, but is also a profitable activity that can finance the internal needs of the state.