+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Economic Analysis: Theory and Practice
 

Russia's foreign trade under sanctions in 2014–2022

Vol. 22, Iss. 3, MARCH 2023

Received: 6 February 2023

Received in revised form: 13 February 2023

Accepted: 21 February 2023

Available online: 30 March 2023

Subject Heading: INTEGRATED ECONOMIC-SOCIO-ECOLOGICAL ANALYSIS

JEL Classification: F13

Pages: 445–464

https://doi.org/10.24891/ea.22.3.445

Valentina N. EDRONOVA National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
v.n.edronova@mail.ru

https://orcid.org/0000-0002-2694-4873

Subject. The article considers the state, structure, and dynamics of Russia's foreign trade turnover under sanctions.
Objectives. The purpose is to provide a comprehensive quantitative assessment of changes in the volume, structure and dynamics of foreign trade in conditions of a new phenomenon for modern Russia, i.e. unprecedented sanctions by European countries and the United States.
Methods. I employ methods of structural and comparative data analysis, time series studies, methods of generalization of official statistical and customs information materials, and data published in the mass media.
Results. The paper revealed dynamic and structural features of Russia's foreign trade turnover, exports and imports under the influence of sanctions, considered directions of foreign trade restructuring in modern conditions.
Conclusions. The dynamics of foreign trade in the conditions of sanctions is fluctuating, having no clearly expressed tendency to rise or fall. In the export commodity structure, the share of metals and forest products, as well as liquefied natural gas, decreased, while maintaining the volume of oil supplies. Due to the termination of supplies of European equipment to Russia, enterprises in a number of industries began to experience difficulties in the production of high-tech products. The most important direction in the development of modern foreign trade is a reorientation of exports and imports to Asian countries and Latin American and African States.

Keywords: foreign trade turnover, export, import, sanctions

References:

  1. Shabeikina M.A. [The role of foreign trade for the Russian economy]. Vestnik Nauki i Tvorchestva, 2017, no. 5. (In Russ.) URL: Link
  2. Khomchenko T.Yu. [Development of Russia's foreigh trade]. Ustoichivoe razvitie nauki i obrazovaniya = Sustainable Development of Science and Education, 2018, no. 6, pp. 40–43. (In Russ.)
  3. Izotov D.A. [Influence of Foreign Economic Activity on the Economic Growth of Russian Regions]. Ekonomika regiona = Economy of Region, 2018, vol. 14, iss. 4, pp. 1450–1462. URL: Link_ 4_030.pdf?ysclid=ldub2fpnev799957745 (In Russ.)
  4. Budarina N.A., Nenadyshina T.S. [Foreign Trade of Russia: Trends and Development Prospects]. Rossiiskii vneshneekonomicheskii vestnik = Russian Foreign Economic Journal, 2022, no. 6, pp. 7–24. URL: Link (In Russ.)
  5. Gasilovskii A.E., Pavlyuk V.P., Chikalova A.E. [The main trends and prospects for the development of foreign economic activity of the Russian Federation]. Fundamental'nye issledovaniya = Fundamental Research, 2022, no. 7, pp. 30–34. URL: Link (In Russ.)
  6. Karakashyan K.O. [Trends in the development of foreign trade of the Russian Federation]. Molodoi uchenyi = Young Scientist, 2020, no. 2, pp. 272–275. URL: Link (In Russ.)
  7. Afanas'ev A.A. [Forecast of the main indicators of foreign trade amidst a limited open economy in Russia]. Ekonomicheskie otnosheniya, 2022, vol. 12, no. 4. (In Russ.) URL: Link
  8. Khramchenko A.A., Bogdanova A.I., Posledova A.V., Fadeeva I.A. [Russian exports: Development and prospects]. Vestnik akademii znanii = Bulletin of the Academy of Knowledge, 2019, no. 35, pp. 291–300. URL: Link (In Russ.)
  9. Arzhaev F.I. [Russian export in new conditions: Problems and prospects]. Ekonomika: vchera, segodnya, zavtra = Economics: Yesterday, Today and Tomorrow, 2020, vol. 10, no. 9A, pp. 399–406. URL: Link (In Russ.)
  10. Leonenko N.S. [Impact of crisis situation in Russian economy on volume of foreign trade of regions of the Russian Federation]. Ekonomicheskie otnosheniya, 2019, vol. 9, no. 4. (In Russ.) URL: Link
  11. Chzhan Dali, Kashbrizaev R.V. [Economic cooperation between Russia and China in high-tech industries]. Ekonomicheskie otnosheniya, 2019, vol. 9, no. 3. (In Russ.) URL: Link

View all articles of issue

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 23, Iss. 4
April 2024

Archive