EVALUATION OF THE INFLUENCE OF SANCTION ALPRESSURE ON THE FOREIGN TRADE OF THE RUSSIAN BUSINESS

G. V. Podbiralina () and T. E. Migaleva ()

International Trade and Trade Policy, 2020, issue 1

Abstract: The article shows that foreign trade is one of the key factors in the economic development of the Russian Federation. Its role was studied during the sanctions period, it was revealed that foreign trade helps to strengthen the position of the national currency, increase the budget revenues, attract foreign investment, technology and other resources, create new jobs, and can also serve s an incentive for the production of high value added products, which will be competitive and in demand in global markets. The retrospective analys of the results of the foreign trade of the Russian Federation during the period of sanctions pressure allowed us to obtain the following results: after the recession period (2014–2016), due to the beginning of the sanctions and the unfavorable situation on world commodity markets, an increase in the value of the Russian foreign trade turnover is observed. It was revealed that, despite the existing sanctions, foreign trade cooperation continues to develop dynamically in new promising areas, which include the Asia-Pacific region.

Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://mttp.rea.ru/jour/article/viewFile/357/274 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2020:id:357

DOI: 10.21686/2410-7395-2020-1-97-106

Access Statistics for this article

More articles in International Trade and Trade Policy from ФГБОУ ВО "Ð Ð¾Ñ Ñ Ð¸Ð¹Ñ ÐºÐ¸Ð¹ Ñ ÐºÐ¾Ð½Ð¾Ð¼Ð¸Ñ‡ÐµÑ ÐºÐ¸Ð¹ ÑƒÐ½Ð¸Ð²ÐµÑ€Ñ Ð¸Ñ‚ÐµÑ‚ им. Г.Ð’. Плеханова"
Bibliographic data for series maintained by Золотова Екатерина Владимировна ().