International sanctions and Russian priorities and economic security

Мировые санкции и Россия: приоритеты и экономическая безопасность

Dudin, Mikhail (Дудин, Михаил) (dudinmn@mail.ru) and Lyasnikov, Nikolai (Лясников, Николай) (acadra@yandex.ru)
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Dudin, Mikhail (Дудин, Михаил): Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Lyasnikov, Nikolai (Лясников, Николай): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Ekonomicheskaya Politika / Economic Policy, 2014, vol. 6, 114—125

Abstract: The existing world order is currently going through a period of turbulence, which has a negative impact on the economic security of Russia, Ukraine and other countries. The current situation in Ukraine has long been accumulating revealed contradictions between the West and Russia. International sanctions against Russia have a negative impact on domestic and foreign economic policies of the country and threaten its security. But sanctions are applied at the same time a catalyst for the development of the Russian economy. In the medium term the sanctions will lead to a further weakening of the ruble and a decrease in its value against the dollar and the euro. This effect would have a negative impact on consumer prices, but at the same time, inflation expectations will be seriously increased since the weakening of the ruble will increase the level of foreign exchange earnings. At the same time, this situation opens up new opportunities for Russia, consisting in trade diversion in favor of new economic centers - China, India, Brazil and South Africa.

Keywords: economic sanctions; embargo; Russia; the United States; the West; the EU and Ukraine (search for similar items in EconPapers)
Date: 2014
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