Sanctions and anti-sanctions: who wins, who loses and their impact on the Russian economy

UDC 332.025.16 + 339.5.012.435

Authors

Gasanov A. Ya.
2nd year student of the 5th group (IPK), Moscow State Law Academy named after O.E. Kutafin, Moscow, Russia

Abstract

This article discusses exactly how the sanctions imposed against Russia affected the economic situation within the country. A year ago, the first Western sanctions caused serious concern. Well-known economists then competed in pessimistic forecasts.
But a year later, the ruble managed to strengthen over that period and is now back to its usual value last year. The stock market has restarted again, and now the price of Russian shares is almost the same as a year ago. In addition, the exchange did not actually respond to any package of sanctions, and the only major decline occurred at the end of September.
A kind of “insensitivity to sanctions” has developed in the Russian economy. Russia not only successfully circumvented the restrictions, but also largely restored its imports.

Keywords

sanctions, anti-sanctions, Russian economy, sanctions struggle.