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Sanctions "rods" to Russia's economy: challenges and reflection

Author

Listed:
  • Gladkova Svetlana B.

    (Institution of Higher Education of the Leningrad region "State Institute of Economics, Finance, Law and Technology")

  • Trishkina Ekaterina A.

    (Federal State Public Educational Establishment of Higher Education «Management Academy of the Ministry of the Interior of the Russian Federation»)

Abstract

The article examines the historical experience of economic pressure from the United West on the national economy in the period of pre-revolutionary Russia to the present. Today, economic sanctions are a very attractive foreign policy mechanism, because, unlike armed pressure, they allow conflicts and disagreements to be resolved with much lower time and human costs. At the same time, international economic sanctions are characterized by a high conflict potential for implementation at the global, regional and individual levels, which leads to an unexpected, often threatening order in the implementation of world political processes, undermines stability on the geostrategic lines of forming the contours of the modern international system. As measures for a soft exit from the state of turbulence and stabilization of the economy, it is necessary to establish a currency corridor, introduce tax incentives for agricultural companies, cancel the excise tax on liquid steel, and establish zero-rate VAT for essential goods.

Suggested Citation

  • Gladkova Svetlana B. & Trishkina Ekaterina A., 2022. "Sanctions "rods" to Russia's economy: challenges and reflection," Research result. Economic Research, Belgorod State University, vol. 8(3), pages 63-68.
    • Handle: RePEc:eul:rrecon:v:8:y:2022:i:3:p:63-68
    DOI: 10.18413/2409-1634-2022-8-3-0-5
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