Monitoring of Economic Security: the Experience of the Work of the Russian Government Agencies and Public Organizations Countering International Sanctions

The present work aimed in highlighting the role of government departments that are authorized to determine and ensure the formation and monitoring of economic security indicators and quantify the impact of international sanctions on the country’s economic security using Russia as a case study. The research authors analyzed the activities of state institutions, government bodies, on the basis of which it was possible to develop a system of indicators enabling one to perform a quantitative assessment of the level of economic security of the state. The analysis of these indicators for the time from 2007 to 2019 issued by the state monitoring services, revealed that the international sanctions imposed on Russia in 2014 produced no significant medium-term effect on its economic security level. The decreasing tendency of the indicator designating the share of innovative goods (works, services) in the total volume of goods (works, services) was the only exception from this inference. The present findings might be useful for the qualified persons of the Russian Federation and third-party specialists, public organizations and partners to assess the prospects for cooperation with relevant government agencies, namely for clear understanding of the advantages and disadvantages of working with them when elaborating strategies and tactics in unleashing sanctions and counter-sanctions.