Russia and sanctions
Russia has been under sanctions pressure for the past 100 years. However, this did not prevent Russia from being the first to explore space, becoming a nuclear power, creating a defense and industrial complex surpassing many states. In March 2022, Russia again faced another set of measures trying to hold back its development. The EU countries, the United States, Australia, Canada, and New Zealand, as well as Taiwan, South Korea, and Japan have announced sanctions against Russia. The article considers two main blocks of sanctions, which are financial sanctions and commercial and industrial sanctions. A historical overview of the hundred-year sanctions pressure has been drawn up and it has been proved that sanctions damage the Russian economy but are not fatal for it. Examples of positive and negative impact of sanctions, both on the Russian industry and on the European one, have been presented. The collapse on the stock exchange has been considered. It has been proven that the Russian financial infrastructure will work smoothly even if it is disconnected
from SWIFT. The author's opinion is that the sanctions are more psychological in nature than destructive to the economy.
While nobody left any comments to this publication.
You can be first.
1. Closed skies: what will the ban on flights through Russia mean for Britain Access mode: https://smotrim.ru/article/2682239. (Date
of application: 1.02.2022). (in Russian)
2. Federal State Statistics Service, 2022. Access mode: https://rosstat.gov.ru /. (Date of request: 1.02.2022). (in Russian)
3. Otte, M. Der Krieg wirbelt die Börse durcheinander – jetzt sind viele Schnäppchen auf dem Markt 12.03.2022. Drostup mode:
https://deutsche-wirtschaftsnachrichten.de/518040 (Date of application: 1.02.2022).
4. Ministry of Economic Development of the Russian Federation, 2021. "Strategy of socioeconomic development of the Russian Federation with low greenhouse gas emissions until 2050". Decree of the Government of the Russian Federation No. 3052-r Vaganova O. V., 2019. The impact of economic sanctions on the innovative development of Russia // Scientific Bulletin of Belgorod State University. Series: Economics. Computer science. 2019. Vol. 46. No. 1: 21-30. DOI 10.18413/2411-3808-2019-46-1-21-30 of October
29, 2021, Moscow.
5. Vaganova O. V., 2019. The impact of economic sanctions on the innovative development of Russia // Scientific Bulletin of Belgorod
State University. Series: Economics. Computer science. 2019. Vol. 46. No. 1: 21-30. DOI 10.18413/2411-3808-2019-46-1-21-30.
6. World economy. Global economic growth will accelerate to 3.6% in 2017. Access mode: http://iee.org.ua/ru/prognoz/5547 /. date of
request: 1.02.2022).