Current Sanctions Regime Against Russia: Characteristics and Global Aspect
The paper is devoted to the analysis of actual dynamic sanctions regime established against Russia in 2014 and lasting till nowadays. The subject matter of the research includes the contents of sanctions regime in regard to Russia (national aspect) and the current condition of world financial system...
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| Format: | Article |
| Language: | Russian |
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Government of the Russian Federation, Financial University
2018-04-01
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| Series: | Мир новой экономики |
| Subjects: | |
| Online Access: | https://wne.fa.ru/jour/article/view/121 |
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| _version_ | 1849343549782360064 |
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| author | V. V. Arkhipova |
| author_facet | V. V. Arkhipova |
| author_sort | V. V. Arkhipova |
| collection | DOAJ |
| description | The paper is devoted to the analysis of actual dynamic sanctions regime established against Russia in 2014 and lasting till nowadays. The subject matter of the research includes the contents of sanctions regime in regard to Russia (national aspect) and the current condition of world financial system and international trade in the context of developing sanctions as an instrument of foreign policy (global aspect). The object in view is to determine the structure and attributes of complex sanctions regime against Russia, identify and estimate its global consequences. In order to measure the global results of Anti-Russian sanctions and countersanctions we implement statistical analysis using the databases of BIS, IMF and INTRACEN during 2011-2016. The detailed classification of sanctions against Russia is also offered. We came to a conclusion that analyzed sanctions regime has strictly negative global outcomes which can be combined into two groups: real (such as diplomatic, negative expectations of economic agents, “lost trade” and “collateral trade damage”, distortion of trade and financial flows through incorporation of additional mediators, manufactured slowdown of global credit market, lack of responsibility for global financial development typical for sender countries) and potential (i. e. origin of new types of “contagion” effect, risks of financial concentration and “bubbles” in global non-credit markets to occur). |
| format | Article |
| id | doaj-art-ee427ee1cbfd4d49b784b0dddcca6ef5 |
| institution | Kabale University |
| issn | 2220-6469 2220-7872 |
| language | Russian |
| publishDate | 2018-04-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Мир новой экономики |
| spelling | doaj-art-ee427ee1cbfd4d49b784b0dddcca6ef52025-08-20T03:42:56ZrusGovernment of the Russian Federation, Financial UniversityМир новой экономики2220-64692220-78722018-04-011121319121Current Sanctions Regime Against Russia: Characteristics and Global AspectV. V. Arkhipova0Institute of Economics (Russian Academy of Sciences)The paper is devoted to the analysis of actual dynamic sanctions regime established against Russia in 2014 and lasting till nowadays. The subject matter of the research includes the contents of sanctions regime in regard to Russia (national aspect) and the current condition of world financial system and international trade in the context of developing sanctions as an instrument of foreign policy (global aspect). The object in view is to determine the structure and attributes of complex sanctions regime against Russia, identify and estimate its global consequences. In order to measure the global results of Anti-Russian sanctions and countersanctions we implement statistical analysis using the databases of BIS, IMF and INTRACEN during 2011-2016. The detailed classification of sanctions against Russia is also offered. We came to a conclusion that analyzed sanctions regime has strictly negative global outcomes which can be combined into two groups: real (such as diplomatic, negative expectations of economic agents, “lost trade” and “collateral trade damage”, distortion of trade and financial flows through incorporation of additional mediators, manufactured slowdown of global credit market, lack of responsibility for global financial development typical for sender countries) and potential (i. e. origin of new types of “contagion” effect, risks of financial concentration and “bubbles” in global non-credit markets to occur).https://wne.fa.ru/jour/article/view/121sanctionsrussian economyworld inancial systemglobal credit markettrade |
| spellingShingle | V. V. Arkhipova Current Sanctions Regime Against Russia: Characteristics and Global Aspect Мир новой экономики sanctions russian economy world inancial system global credit market trade |
| title | Current Sanctions Regime Against Russia: Characteristics and Global Aspect |
| title_full | Current Sanctions Regime Against Russia: Characteristics and Global Aspect |
| title_fullStr | Current Sanctions Regime Against Russia: Characteristics and Global Aspect |
| title_full_unstemmed | Current Sanctions Regime Against Russia: Characteristics and Global Aspect |
| title_short | Current Sanctions Regime Against Russia: Characteristics and Global Aspect |
| title_sort | current sanctions regime against russia characteristics and global aspect |
| topic | sanctions russian economy world inancial system global credit market trade |
| url | https://wne.fa.ru/jour/article/view/121 |
| work_keys_str_mv | AT vvarkhipova currentsanctionsregimeagainstrussiacharacteristicsandglobalaspect |