Abstract

The article discusses the main trends in the development of Russia’s exports and imports in 2023 under an unprecedented sanctions regime. Having analyzed the dynamics of Russian exports in 2023, taking into account government policy measures to counteract the sanctions pressure (in particular, the price cap on Russian hydrocarbons) and the price situation on the world commodity markets, as well as the dynamics of Russian imports, the author concludes that the domestic foreign trade is highly adaptable to modern realities and relatively resistant to sanctions pressure, partly due to the fact that the "big-country trap" factor is still effective. She formulates proposals to improve state policy measures for the sustainable development of Russia's foreign trade.

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