Russia’s Foreign Trade under the Anti-Russian Sanctions
https://doi.org/10.26794/2308-944X-2018-6-2-44-56
Abstract
Development model based on the export of raw materials and high dependence on external economic conditions are among the main strategic threats to the national security of the Russian Federation in the field of economy. So, a number of states, not without reason, are trying to realize these threats in order to achieve their geopolitical goals by imposing different restrictions, various prohibitions and multiple sanctions. Some results of the analysis of the impact of the anti-Russian sanctions on the Russian foreign trade in 2014-2016 I present in this article. For the sphere of foreign trade, it is shown that the negative impact of prohibitions and sanctions, as well as adverse external and unfavourable internal processes and factors, had a greater impact, first of all, on the fuel and energy, petrochemical and machine-building complexes. The subjects of the Russian Federation with a high concentration of export and import, oil and gas extraction and metal-production were affected stronger than other regions. Along with this, the impact of sanctions and the response of the Russian government are stronger on the export of Russian products than on imports.
About the Author
S. Kazantsev
Institute of Economics and Industrial Engineering of Siberian Branch of the Russian Academy of Sciences
Russian Federation
Russian Federation
References
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16. In Russia so-called “far-abroad” countries means all countries (states) except those that came out of the USSR, were they were the Union Republics
17. From March 2014 to August 2017, the United States introduced restrictive measures against 244 companies, organizations and banks and 172 individuals
18. The Federal Service of State Statistics (Rosstat) provides data on exports and imports of subjects of the Russian Federation in accordance with the place of registration of the owner of the goods, and not the regions of its activities (production of exported goods, consumption of imported goods)
19. In sixth place according to the value of the coefficient of the consensus was the Principality of Liechtenstein. The volume of its imports from Russia fell by 97%. However, the scale of reduction was small (-291 million dollars), and the share of the Principality in the total volume of imports of states that established anti-Russian sanctions in 2016 was only 0.01%. In nine countries, we observed the decrease of the Russian imports less in absolute terms than in Liechtenstein, and the share of import from Russia, compared with that in Lichtenstein, was only in two of them. Hence, the Principality of Liechtenstein was not included in Table 14
20. According to the President of the American Chamber of Commerce in Russia Alexis Rodzianko, “American sanctions affect areas in which trade exchange was previously small, for example, military products” (Spigel, 2015)
21. “The degree of technological dependence is simply enormous. And it is much more than it follows from the general figures that we buy more than $ 100 billion a year of machinery and equipment” [Klepach, 2015, p. 7]
Review
For citations:
Kazantsev S. Russia’s Foreign Trade under the Anti-Russian Sanctions. Review of Business and Economics Studies. 2018;6(3):44-56. (In Russ.) https://doi.org/10.26794/2308-944X-2018-6-2-44-56
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