Influence of sanctions on foreign trade of Russia

Abstract

After the countries of the EU and the USA introduced sanctions against the Russian Federation in 2014, the topic of influence on the state by other states or international organizations became the focus of attention of both Russian and foreign researchers. For Russian scientists, the topic of sanctions has acquired particular relevance, since they are at the epicenter of both the sanctions and the response measures that followed. The article presents the history of the development of measures of influence on the state by international organizations or other states, the history of studies of the effectiveness of sanctions measures in the entire history of their application is considered. Currently, theRussian Federationis under the sanctions imposed by theUnited Statesand the EU, which, in response to these measures, responded by introducing an import substitution policy. Considering the entire history of the gradual increase in the sanctions list, the state in the field of foreign trade should also detect increasing signs of pressure that would be reflected in indicators of incorporation into world trade. The author makes a hypothesis about the weak impact of sanctions on the state as a whole, and, in particular, on foreign trade. To confirm this hypothesis, the dynamics of the main indicators of foreign trade activity during 2013–2017 is considered. and a change in the commodity structure of exports and imports. The study is based on data from the Federal State Statistics Service, using methods of economic and statistical analysis and comparison of indicators, which allowed to show the degree of impact of sanctions on the main indicators of foreign economic activity. Following the consideration of official statistics, expert opinions on the implementation of planned indicators of the import substitution policy, it is possible to confirm the hypothesis of the weak effect of sanctions on foreign trade.