Economics of the Countries-Sanctionsers in the Russian Big Country Trap

Abstract

The article reveals the mechanism of the reverse impact of anti-Russian sanctions of 2022–2023 on the economics of the countries-sanctioners with justification of the reasons for their falling into the Russian big country trap. The leading directions of Russian negative infl uence under the infl uence of a certain boomerang eff ect on the national economies of the countries of the Western coalition led by the United States are shown. The main among them is the development of an unprecedented fuel and raw materials crisis here, intensifying the real danger of another drop of the "Golden Billion" countries into a stagflation funnel similar to the events of half a century ago. The threat of going into a state of economical recession for a number of Western countries is associated with the irrevocable loss of a vast and promising national market by their companies while it is impossible to quickly fi nd alternative sales markets. The increasing risks of accelerating the process of de-dollarization and de-euroization of the global economy are regarded in the work as a direct result of the freezing of the Bank of Russia’s international reserves. The European Union, the macroregion of the world economics, is considered most aff ected by its own restrictions, while their main initiator, the United States, mostly manages to avoid the economic losses associated with them. The conclusion is that the destructive influence of restrictions against Russia on the short-term economical dynamics of Western countries is combined with the inevitable exhaustion of the big country effect already in the mid-term, which dictates the need for the Russian state to maximize the use of time to implement the overdue structural reforms.