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European Economic sanctions against Russia and effects

https://doi.org/10.24182/2073-9885-2020-13-1-23-31

Abstract

The article outlines the essence of the economic sanctions imposed on Russia by the Western EU countries, as well as other countries of the Allies. This article gives the reasons for the sanctions, how they have affected the macro and micro economy and what to expect in the future. The main purpose of the article was to identify the risks and consequences of EU economic sanctions against Russia, as well as how they will affect the CIS countries. The article presents analysis of the consequences of economic sanctions on the entire development sector of Russia, on import and export markets, on the sector of finance, investment, tourism.

About the Authors

K. A. Azhekbarov
Eurasian Economic Commission, Ryskulbekov Kyrgyz economic university
Russian Federation
Dr. Sci. (Econ.), Honorary Professor


E. Ch. Abduvaitov
International University Alatoo
Kyrgyzstan

Bachelor of International relations

Bishkek



References

1. Susanne Oxenstrierna and Per Olsson. Avialable at: https://www.academia.edu/15298128 The_economic_sanctions_against_Russia._Impact_and_prospects_of_success

2. European Union and the Russian Federation. Avialable at: https://eeas.europa.eu/headquarters/headquarters-homepage/35939/european-union-and-russian-federation_en

3. Economicheskie sankcii protiv Rossii: ozhidaniya I realnost’. Available at: URL:https://wne.fa.ru/jour/article/viewFile/78/79.pdf

4. O. A. Smirnova., D. A. Tarankova., I. V. Molodan., Prichiny i posledstviya primineniya ekonomicheskih sanktsiy vo vneshney politike gosudarstva. [Internet reference] URL: https://cyberleninka.ru/article/n/prichiny-i-posledstviya-primeneniya-ekonomicheskih-sanktsiy-vo-vneshney-politike-gosudarstva/viewer

5. Iikka Korhonen, Heli Simola and Laura Solanko. Sanctions, counter- sanctions and Russia ? Effects on economy, trade and finance. Available at: https://helda.helsinki.fi/bof/bitstream/handle/123456789/15510/bpb0418.pdf?sequence=1

6. Russia’s and the EU’s sanctions: economic and trade effects, compliance and the way forward. DIRECTORATE-GENERAL FOR EXTERNAL POLICIES POLICY DEPARTMENT. Available at: http://www.europarl.europa.eu/RegData/etudes/STUD/2017/603847/EXPO_STU(2017)603847_EN.pdf

7. Dr. Rendall E Newnham. THE UKRAINIAN CRISIS AND WESTERN ECONOMIC SANCTIONS AGAINST RUSSIA: Available at: http://www.cicerofoundation.org/lectures/Newnham_Ukraine_Sanctions_Russia.pdf

8. Tass.ru [Internet reference] URL: https://tass.ru/tag/otvetnye-sankcii-rf.


Review

For citations:


Azhekbarov K.A., Abduvaitov E.Ch. European Economic sanctions against Russia and effects. Entrepreneur’s Guide. 2020;13(1):23-31. https://doi.org/10.24182/2073-9885-2020-13-1-23-31

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ISSN 2073-9885 (Print)
ISSN 2687-136X (Online)