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Sanctions and Forces Driving to Autarky

Marek Dabrowski and Svetlana Avdasheva ()
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Svetlana Avdasheva: Higher School of Economics

Chapter Chapter 14 in The Contemporary Russian Economy, 2023, pp 271-288 from Springer

Abstract: Abstract Since the second half of the 2000s, political relations between Russia and its Western partners have gradually deteriorated. Both caused by the Russian authorities’ military and foreign policy decisions, two turning points dramatically accelerated this deterioration. First, in March 2014, Russia annexed CrimeaCrimea, a part of the Ukrainian territory. Shortly after it began to support the separatist movement in Donbas actively.Donbas Second, on 24 February 2022, Russia started a military invasion of Ukrainian territory. In both cases, the United States, European Union, and other advanced economies responded with economic sanctions, which, together with Russia’s domestic and international countermeasures, started decoupling the Russian economy from global markets.

Date: 2023
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DOI: 10.1007/978-3-031-17382-0_14

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