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Economic effects of Western sanctions and Russia’s reciprocal sanctions

Author

Listed:
  • Ol'ga Vladimirovna Morozenkova

    (Institute of Economics RAS, Moscow, Russia)

Abstract

This article analyzes the economic effects of the sanctions and Russia’s reciprocal sanctions on the Western countries. The attitude of some EU countries towards the imposed sanctions against Russia is examined. Some Western companies are seeking ways to not only circumvent the sanctions but also to expand their share of the Russian market. Changes in the volumes of Russia‘s foreign trade over 2013-2016 are considered. It is shown that the share of EU countries in the structure of Russia’s foreign trade has decreased in favour of APEC countries. The issues faced by Russian manufacturers are reviewed. Suggestions on how to overcome the negative consequences of anti-Russian sanctions and to improve the level of Russia’s economic safety are given in the article.

Suggested Citation

  • Ol'ga Vladimirovna Morozenkova, 2017. "Economic effects of Western sanctions and Russia’s reciprocal sanctions," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 6, pages 58-74, June.
    • Handle: RePEc:alq:rufejo:rfej_2017_06_58-74
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