Political economy and sanctions against Russia: causes and consequences, expert opinion

Abstract

The article analyzes the nature of international sanctions in the XXI century from the point of view of political economy. It is shown that sanctions are destructive not only for the target countries of sanctions, but also destructive for the States imposing these sanctions. The author comes to the conclusion that the main reason for sanctions is traditionally a fundamental global crisis, which, in fact, marks the process of changing the hegemon in the world economy. It is in an attempt to maintain its dominant position and not having basic economic and even political capabilities for this, as well as resources, losing competition to new potential leaders, that the hegemon applies such measures as sanctions. The author emphasizes that the West is applying increasingly strin­gent sanctions against Russia, which are not something fundamentally new for our country, which faced sanctions pressure back in the early twentieth century. In this regard, our country is forced to solve the serious problems that have arisen, as well as the countries that initiated the sanctions. The State uses numerous instruments to support the national economy.