scholarly journals The Economic Consequences of Sanctions against Russia after the Invasion of Russia in the Crimea

2015 ◽  
Author(s):  
Kutluk Kağan Sümer
Keyword(s):  
International Business ◽  
Economic Consequences ◽  
Oil Price ◽  
Economic Conditions ◽  
Capital Flight ◽  
Russian Economy ◽  
The Us ◽  
The Crimea ◽  
Food Imports ◽  
The Eu

The US and EU have imposed economic sanctions on Russia over its annexation of Crimea from Ukraine. Russia's economy has been severely impacted not only by sanctions, which have isolated it from international business and trade, but from the falling oil price which has plummeted around 60 percent since June 2014, hurting its exports and revenues. As a consequence, Russia is expected to enter recession in 2015. The estimated impact of Russia’s ban on agro-food imports from the EU imposed in August 2014 is expected to be the highest in the Baltic's. These losses are undoubtedly painful, yet manageable (a trade decline bigger than 10% would obviously lead to greater losses). Economic conditions in Russia have deteriorated at a faster rate in recent months. Capital flight from Russia has accelerated, the ruble has depreciated by more than 50%, inflation has increased, and the Russian economy is projected to contract by 3.0% in 2015. The question is whether these losses are justifiable and will achieve the desired effects – to change Russia’s behavior in Ukraine, European Union, US, Turkey and beyond.

Sanctions of the USA and the Policy of Bank of Russia:double Blow to the National Economy

2014 ◽  
pp. 13-29 ◽  
Author(s):  
S. Glazyev
Keyword(s):  
National Security ◽  
Economic Sanctions ◽  
Capital Flight ◽  
Practical Advice ◽  
The Us ◽  
Monetary Authorities ◽  
The Usa ◽  
Simultaneous Adoption ◽  
The Eu

This article examines fundamental questions of monetary policy in the context of challenges to the national security of Russia in connection with the imposition of economic sanctions by the US and the EU. It is proved that the policy of the Russian monetary authorities, particularly the Central Bank, artificially limiting the money supply in the domestic market and pandering to the export of capital, compounds the effects of economic sanctions and plunges the economy into depression. The article presents practical advice on the transition from external to domestic sources of long-term credit with the simultaneous adoption of measures to prevent capital flight.

The World Economy

2007 ◽  
Vol 201 ◽  
pp. 8-14
Keyword(s):  
Interest Rates ◽  
Return On Investment ◽  
World Economy ◽  
Oil Price ◽  
The Us ◽  
The World ◽  
Stable Growth ◽  
The Eu ◽  
Purchasing Power Parities

In 2006, global output, measured in terms of purchasing power parities, expanded by 5.4 per cent, the fastest rate of growth since 1973. Despite a higher oil price and the recent rise in global long-term interest rates, we expect world growth to remain above 5 per cent this year, with a slowdown in the US offset by the rapidly expanding China and stable growth in the EU and Japan. In this issue we explore the widening divergence between the return on investment and real interest rates in the major economies. This suggests that despite the recent rise in long real rates it remains profitable for firms to invest in many countries.

scholarly journals Sanctions Against “Nord Stream – 2”. Economic Consequences

2020 ◽  
pp. 173-181
Author(s):  
Alexey Lebedev ◽  
Keyword(s):  
Economic Effect ◽  
Economic Consequences ◽  
Economic Interests ◽  
The Us ◽  
Nord Stream ◽  
The Baltic ◽  
Restrictive Measures ◽  
The Cost ◽  
Liquefied Gas ◽  
The Eu

Sanctions, being one of the instruments of US economic policy, have turned into a non-market tool for economic and political pressure, promoting America’s own economic interests and unfair competition. Restrictive measures essentially serve purposes that are far from officially declared, and often even the opposite. One of the most striking examples of this approach are the US sanctions against the Nord Stream 2 project under the pretext of concern for the energy security of the EU countries and the preservation of gas transit through Ukraine. In fact, the sanctions against Nord Stream 2, which fit into the mainstream of Washington's "containment of Russia" policy, pursue the goal of promoting American shale liquefied gas on the European market. The article observes US efforts to counteract the implementation of the project. It analyzes the US sanction laws and their impact on the pipeline construction process. Based on a comparison of the cost of transporting gas along the bottom of the Baltic Sea with the route through the territory of the Ukraine, the economic effect of the suspension of construction is estimated. The consequences of the project’s failure are also considered.

Russian economy on the background of global pandemics: the basic contours of «new reality»

2020 ◽  
pp. 4-15
Author(s):  
I.I. Smotritskaya
Keyword(s):  
World Economy ◽  
Russian Economy ◽  
Current State ◽  
The Us ◽  
The World ◽  
Economic Reality ◽  
Short And Long Term ◽  
Characteristic Features ◽  
The Eu

The article deals with conceptual issues related to the adaptation of the Russian economy to the new financial and economic reality that is emerging as a result of the COVID-19 epidemic. The current state of the world economy is studied, the main characteristic features of the «new reality» are highlighted, and the complex of anti-crisis measures implemented in the US and the EU is considered. The results of forecast assessments of the consequences of the pandemic for the economy of our country in the short and long term are analyzed; the principles, priorities and vectors of post-crisis development of the Russian economy are substantiated.

EU is unlikely to change course on Russia sanctions

2017 ◽  
Keyword(s):  
United States ◽  
Import Substitution ◽  
Oil Prices ◽  
The United States ◽  
Content Type ◽  
Annual Basis ◽  
The Us ◽  
Food Imports ◽  
The Eu

Significance The sanctions, reviewed on a semi-annual basis, have now been extended until January 2018, despite speculation about divisions within the EU. This comes after the US Treasury imposed new sanctions on 38 individuals, companies and organisations on June 20. Impacts Russia is likely to continue efforts to sow divisions within the EU and between the EU and the United States. Future oil prices will shape Russia’s ability to weather sanctions. Russia may raise capital through bond sales and by turning to Asian investors, although this may not fully offset the effects of sanctions. Russia’s counter-sanctions -- a ban on food imports from the EU -- have led to some successful agricultural import substitution.

Russian Policy of Agriculture Support and the Necessity of Its Modification after WTO Accession

2012 ◽  
pp. 132-149 ◽  
Author(s):  
V. Uzun
Keyword(s):  
Comparative Analysis ◽  
World Trade Organization ◽  
Agricultural Production ◽  
World Trade ◽  
The Us ◽  
The World ◽  
Wto Accession ◽  
The Eu ◽  
Agriculture Support

The article deals with the features of the Russian policy of agriculture support in comparison with the EU and the US policies. Comparative analysis is held considering the scales and levels of collective agriculture support, sources of supporting means, levels and mechanisms of support of agricultural production manufacturers, its consumers, agrarian infrastructure establishments, manufacturers and consumers of each of the principal types of agriculture production. The author makes an attempt to estimate the consequences of Russia’s accession to the World Trade Organization based on a hypothesis that this will result in unification of the manufacturers and consumers’ protection levels in Russia with the countries that have long been WTO members.

2008 Economy Results: The End of the "Fat" Years

2009 ◽  
pp. 4-25 ◽  
Author(s):  
B. Zamaraev ◽  
A. Kiyutsevskaya ◽  
A. Nazarova ◽  
E. Sukhanov
Keyword(s):  
Economic Crisis ◽  
National Economy ◽  
Banking System ◽  
Housing Markets ◽  
Transmission Mechanism ◽  
Economic Conditions ◽  
Basic Change ◽  
Russian Economy ◽  
The World

The article analyzes the current economic conditions in Russia. Succession, distribution and the transmission mechanism of the world financial and economic crisis to the Russian economy are considered in this article as well as the changes in the banking system, share and housing markets. Production, consumption and investment on the boundary of 2008-2009 are described. The conclusion about the basic change of conditions of national economy development is presented.

Isoglucose – How significant is the threat to the EU sugar industry?

2013 ◽  
pp. 770-777
Author(s):  
Yelto Zimmer
Keyword(s):  
Market Share ◽  
Sugar Industry ◽  
Quota System ◽  
Strong Incentive ◽  
Major Market ◽  
The Us ◽  
Sugar Market ◽  
Extreme Scenario ◽  
Competitive Product ◽  
The Eu

The EU is about to abolish the sugar – and the isoglucose – quota system in 2016/17. Isoglucose made from corn occupies about 50% of the US sweetener market while its market share in the EU caloric sweetener market is less than 5%. Against this background, this paper analyses the economics of isoglucose production in Europe in order to understand its competitiveness vis-à-vis sugar. Key results: (1) Isoglucose will become a rather competitive product. The EU sugar industry will have to give up about 40% of its current processing and profit margin in order to sell sugar at the same price as isoglucose will be traded; (2) Once industrial sugar users move to isoglucose, they will tend to be “hooked-in,” giving the sugar industry a strong incentive to defend its market share; and (3) Since only about 30% of the current sugar market is able to switch to isoglucose, the sugar industry has the option to practice a mixed calculation. In an extreme scenario, the industry may even opt to cross-subsidize sales. Therefore it’s not clear whether investors in isoglucose will be able to gain a major market share in Europe.

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