IDEAS home Printed from https://ideas.repec.org/p/ris/kieppa/2023_019.html
   My bibliography  Save this paper

대러 경제 제재가 러시아 경제에 미치는 영향과 한-러 경제협력 안정화 방안(Assessment of the Macroeconomic Impact of the Sanctions on the Russian Economy and Stabilization Measures for KOREA-RUSSIA Economic Cooperation

Author

Listed:
  • Jeong, Minhyeon

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Kang, Boogyun

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Min, Jiyoung

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Kim, Wongi

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

Abstract

본 연구는 서방의 대러시아 경제제재가 장기화되는 상황에서 제재가 러시아 경제에 미치는 영향을 이론과 실증 양면에서 엄밀하게 분석하였다. 동시에 2022년 러시아-우크라이나 전쟁 이후 서방의 대러시아 제재에 대응한 러시아 정부의 대내외 전략을 체계적으로 살펴보았다. 이러한 분석을 토대로 한국과 러시아의 경제협력 안정화 방안을 단기와 중장기로 나누어 도출하였다. This research analyzes the economic impact of the sanctions on the Russian economy and explores measures to stabilize economic cooperation between South Korea and Russia. Even if the war between Russia and Ukraine are resolved in any manner, it is highly likely that Western sanctions on Russia may persist in the long term, given the difficulty in resolving deep-rooted traditional conflicts between Western ideologies and Russian ideologies. Therefore, there is an urgent need for a systematic analysis of the long-term impact of the sanctions on the Russian economy. Additionally, it is crucial not to passively observe a deterioration in economic cooperation between the two countries due to the sanctions. This is because the potential for economic cooperation between the two countries has not yet been fully realized, and expectations are high for a mutually beneficial collaboration through dense future economic cooperation. Consequently, exploring measures to stabilize economic cooperation between South Korea and Russia in the face of anticipated prolonged Russian sanctions is a highly meaningful undertaking. For this purpose, this study comprehensively compares and analyzes the diverse characteristics of Western sanctions against Russia after the 2022 Russia-Ukraine War with those imposed after the 2014 Crimean Peninsula crisis. While the 2014 sanctions primarily exhibited targeted and cautionary features in specific areas, the 2022 sanctions are characterized by an all-encompassing comprehensiveness and substantial punitive nature without sectoral limitations. Due to these contrasting features, the impact of the 2022 sanctions on key macroeconomic indicators of the Russian economy was profoundly severe. (the rest omitted)

Suggested Citation

  • Jeong, Minhyeon & Kang, Boogyun & Min, Jiyoung & Kim, Wongi, 2023. "대러 경제 제재가 러시아 경제에 미치는 영향과 한-러 경제협력 안정화 방안(Assessment of the Macroeconomic Impact of the Sanctions on the Russian Economy and Stabilization Measures for KOREA-RUSSIA Economic Cooperation," Policy Analyses 23-19, Korea Institute for International Economic Policy.
  • Handle: RePEc:ris:kieppa:2023_019
    as

    Download full text from publisher

    File URL: https://www.kiep.go.kr/gallery.es?mid=a10101020000&bid=0001&act=view&list_no=11427&cg_code=C03
    File Function: Full text
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kieppa:2023_019. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Juwon Seo (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.