The impact of sanctions on the activities of Russian companies and their foreign economic cooperation

Влияние санкций на деятельность российских компаний и их внешнеэкономическое сотрудничество

Knobel, Aleksander (Кнобель, Александр) (), Zaytsev, Yuriy (Зайцев, Юрий) (), Bagdasaryan, Kniaz (Багдасарян, Княз) (), Baeva, Marina (Баева, Марина) (), Volovik, Nadezhda (Воловик, Надежда) (), Sedalishchev, Vladimir (Седалищев, Владимир) (), Kazaryan, Maria (Казарян, Мария) (), Kuznetsov, Dmitriy (Кузнецов, Дмитрий) (), Mirakyan, Diana (Миракян, Диана) (), Eremin, Vladimir (Еремин, Владимир) (), Tarr, David (Тарр, Дэвид) () and Firanchuk, Aleksander (Фиранчук, Александр) ()
Additional contact information
Knobel, Aleksander (Кнобель, Александр): The Russian Presidential Academy of National Economy and Public Administration
Zaytsev, Yuriy (Зайцев, Юрий): The Russian Presidential Academy of National Economy and Public Administration
Bagdasaryan, Kniaz (Багдасарян, Княз): The Russian Presidential Academy of National Economy and Public Administration
Baeva, Marina (Баева, Марина): The Russian Presidential Academy of National Economy and Public Administration
Volovik, Nadezhda (Воловик, Надежда): The Russian Presidential Academy of National Economy and Public Administration
Sedalishchev, Vladimir (Седалищев, Владимир): The Russian Presidential Academy of National Economy and Public Administration
Kazaryan, Maria (Казарян, Мария): The Russian Presidential Academy of National Economy and Public Administration
Kuznetsov, Dmitriy (Кузнецов, Дмитрий): The Russian Presidential Academy of National Economy and Public Administration
Mirakyan, Diana (Миракян, Диана): The Russian Presidential Academy of National Economy and Public Administration
Eremin, Vladimir (Еремин, Владимир): The Russian Presidential Academy of National Economy and Public Administration
Tarr, David (Тарр, Дэвид): The Russian Presidential Academy of National Economy and Public Administration
Firanchuk, Aleksander (Фиранчук, Александр): The Russian Presidential Academy of National Economy and Public Administration

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The relevance of the study is justified by the unprecedented sanctions against Russia introduced by the majority of developed countries after the aggravation of the Russian- Ukrainian confrontation in 2022. They affect all economic aspects of Russian society and all sectors of Russian economy. However, national companies have already accumulated certain skills in adapting to anti-Russian sanctions since sanctions measures against Russia began to actively increase since 2014. Anti-Russian sanctions are of a different nature and have different impacts on both national companies and the Russian economy as a whole. An assessment of the impact of sanctions on the activities of Russian companies will make it possible to develop recommendations for correction of anti-crisis measures proposed by the Government. Micro-level analysis of the effect of sanctions using econometric methods has not yet been carried out. In addition, analysis of changes in the foreign economic activities of sanctioned firms and comparison with global changes in demand for goods, similar to those exported by Russian firms, will make it possible to offer alternative opportunities for the export of national companies. In particular, we are talking about changing the export structure as well as the directions of foreign trade activities of Russian companies in connection with sanctions restrictions. Resolving these issues is of particular relevance in light of current study on the formation of a system of anti-crisis measures in Russia. The purpose of the study is to assess the impact of sanctions on Russian companies and their foreign economic activities.

Keywords: sanctions; foreign economic activity; export; import; import substitution; countersanctions; anti-crisis policy (search for similar items in EconPapers)
JEL-codes: F51 L25 L6 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2023
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