Open AccessImpact of Anti-Russian Sanctions on Some Macroeconomic Indicators of Russia’s Development
Author(s) -
С. В. Казанцев
Publication year - 2020
Publication title -
review of business and economics studies
Language(s) - English
Resource type - Journals
eISSN - 2311-0279
pISSN - 2308-944X
DOI - 10.26794/2308-944x-2020-8-1-34-40
Subject(s) - sanctions , economic sanctions , russian federation , economic policy , productivity , business , politics , economics , international trade , development economics , political science , economic growth , law
Measures, imposed on the Russian Federation in 2014 to isolate Russia from the world community, were called sanctions. Their immediate goal is to deprive Russia of resources (financial, economic, technical and technological, information, scientific, cultural) that are needed for its development. The sanctioning countries suppose that the damage caused by their sanctions will weaken the socio-economic, military-political, scientific and technological potential of Russia. Some results of the author’s analysis of the impact of sanctions on the macroeconomic indicators of the Russian Federation i presented in this paper. The following indicators were studied: the volume of financial resources provided to Russian organizations, individuals and credit organizations; the volume and dynamics of capital investments and fixed assets; gross domestic product and industrial output; labour and capital productivity, and some other indicators. The years in which anti-Russian sanctions caused the most considerable damage have been identified. The author also shows that the negative impact of sanctions on the economic development of the country is, in many ways, similar to the damage, caused by the global financial and economic crises. The similarity of their impact is because both crises and sanctions deprive the country of resources for economic development. First of all, we are talking about financial resources.