Abstract

The international sanctions that have been introduced by the countries of the world against Russia since the beginning of its military invasion of Ukraine are investigated. The most common types of restrictions are considered. The countries that introduced the largest number of sanctions are given. The main sectoral sanctions against Russia by countries of the world are given. The impact of international sanctions on the Russian economy is analyzed. Based on the results of the study, it was determined that after the introduction of sanctions, Russia lost Western technologies and trade preferences, there are restrictions on the international financial market, inflation is growing rapidly, the volume of foreign and domestic trade is decreasing, international companies have withdrawn from the Russian market, unemployment is increasing. It was emphasized that the sanctions against Russia are working and causing economic losses, but much less than expected and it will take more time to achieve the desired effect. The Russian economy is experiencing a sharp contraction this year. International sanctions are beginning to act in response to Russia's invasion of Ukraine. The Russian economy will have a recession after the international sanctions. The information base of the article is presented by analytical reports of international organizations and statistical data. The research was carried out with implementation of general scientific methods: system analysis, synthesis, theoretical generalization, and comparison.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.