Trends in the Russian economy development during the new anti-Russian sanctions DOI Creative Commons
Марина Малкина, Родион Балакин

Russian Journal of Economics and Law, Journal Year: 2024, Volume and Issue: 18(2), P. 287 - 313

Published: June 12, 2024

Objective : to identify trends in the development of Russian economy during new anti-Russian sanctions. To this end, paper analyzes impact sanctions on budgetary sphere, economic sectors and industries regions. Methods work uses data from Federal State Statistics Service (Rosstat), Treasury, Ministry Economic Development Federation (Ministry Development), Central Bank (Bank Russia), Tax (FTS), Customs (FCS), Antimonopoly (FAS). For their analysis, graphical, tabular, analytical methods are used. Results caused significant changes structure exports trade balance. The reduced inflow foreign currency put pressure ruble exchange rate, which created inflation risks. devaluation was restrained by Russia regime. favorable situation energy market 2022 led an increase budget revenues. In 2023, growth resulted active fiscal policy supported moderate monetary expansion. However, it achieved at cost deficit public debt. response different regions shock heterogeneous. certain adaptive strategies entities, as well authorities played important role. regime prompted a revision state regulation paradigm. Dirigisme manifested itself orders, subsidies other support for protected with one-time withdrawals opportunistic revenues big business. Monetary gradually acquired hybrid character. Direct indirect price became instrument Scientific novelty consists comprehensive analysis sanctions, parameters, financial system, Practical significance statistical information various aspects antiRussian summarized analyzed. can be useful researchers studying functioning under businesspersons assessing risks, opportunities prospects businesses development, government agencies forming effective anti-crisis policy.

Language: Английский

Trends in the Russian economy development during the new anti-Russian sanctions DOI Creative Commons
Марина Малкина, Родион Балакин

Russian Journal of Economics and Law, Journal Year: 2024, Volume and Issue: 18(2), P. 287 - 313

Published: June 12, 2024

Objective : to identify trends in the development of Russian economy during new anti-Russian sanctions. To this end, paper analyzes impact sanctions on budgetary sphere, economic sectors and industries regions. Methods work uses data from Federal State Statistics Service (Rosstat), Treasury, Ministry Economic Development Federation (Ministry Development), Central Bank (Bank Russia), Tax (FTS), Customs (FCS), Antimonopoly (FAS). For their analysis, graphical, tabular, analytical methods are used. Results caused significant changes structure exports trade balance. The reduced inflow foreign currency put pressure ruble exchange rate, which created inflation risks. devaluation was restrained by Russia regime. favorable situation energy market 2022 led an increase budget revenues. In 2023, growth resulted active fiscal policy supported moderate monetary expansion. However, it achieved at cost deficit public debt. response different regions shock heterogeneous. certain adaptive strategies entities, as well authorities played important role. regime prompted a revision state regulation paradigm. Dirigisme manifested itself orders, subsidies other support for protected with one-time withdrawals opportunistic revenues big business. Monetary gradually acquired hybrid character. Direct indirect price became instrument Scientific novelty consists comprehensive analysis sanctions, parameters, financial system, Practical significance statistical information various aspects antiRussian summarized analyzed. can be useful researchers studying functioning under businesspersons assessing risks, opportunities prospects businesses development, government agencies forming effective anti-crisis policy.

Language: Английский

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