“EVERY CLOUD HAS A SILVER LINING”, OR WHAT DO ECONOMIC SANCTIONS MEAN TO RUSSIA?

Abstract

Modern experience of sanction application against a number of states demonstrates the current changes in the world economy structure and in channels of integration into the world space. The introduction of trade restrictions has an ambiguous effect on the economy of all countries involved, on those which introduce these sanctions, and those against which they are introduced. It determines the research interest in studying the trade restrictions and their consequences on Russia. Nowadays Russia is re-directing its economy on new foreign markets and searching new trading partners. The Russian Federation is directing its efforts on establishing partnerships with countries of East Asia, Latin America and the countries of the former Soviet Union at the new, more mutually advantageous level of cooperation. The purpose of the research is to analyze the influence of the economic anti-Russian sanctions on the Russian Federation economy, political stability and strengthening of partnership with foreign partners. In the course of the research the general methods of scientific investigation were used. They are: systematic and dialectic; general scientific methods - induction and deduction, analysis and synthesis, ascension from abstract to specific, etc.; a special method - formal-economic and comparative-economic.In the article the analysis of the influence of economic sanctions on the processes of Russia’s political and economic self-identification is carried out. Also the evaluation of reciprocal measures of Russia is carried out. The conducted research has shown that for stabilization of Russian economy it is necessary not only to re-direct the foreign trade relations, but also to develop national industries carrying out effective policy of import substitution.