Abstract

This article analyzes the policy of economic sanctions against the Russian Federation since 2008. It’s shown that the sanctions anti-Russian economic policy is the direction of the US foreign policy of the last decade. For many decades, the state of trade and economic relations between the Russian Federation and the United States left much to be desired and did not develop in a normalized format. The volume of trade turnover practically did not manifest itself in the growth dynamics. And both countries were faced with the task of solving this problem. However, the last decade, and especially the events of 2014 and subsequent economic sanctions against the Russian Federation, have shown the role and impact of the political factor in the state of economic relations between the two countries. In this regard, the period of development of trade and economic relations of the last five years is exclusively in the political plane and it can be designated as the period of the US sanctions economic policy towards Russia. They are implementing this policy jointly with a number of North American countries and European Union member states, as a result of which it becomes a geopolitical reality in the modern period of international economic relations and, unfortunately, does not contribute to their normalization. The research methodology includes an interdisciplinary political and economic research method. A primary analysis of sources, as well as policy documents of the leaders of two countries — the United States and the Russian Federation at the end of 2014 and 2015 was carried out. As a scientific and practical result, a recommendation for the Russian Federation was proposed based on the results of the incessant sanctions pressure — not to remain in isolation, to establish contacts with countries in a new format.

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.