Development strategy of the Russian economy in conditions of economic sanctions

Abstract

The paper focuses on Russian economic policy in different stages of this state development but especially after imposing sanctions by the European Union and the United States of America. The paper considers the effects of these sanctions and the proposed goals of the Russian state in order to minimize their negative effects. Apart from presenting the results of such domestic economic policy and its potential future effects, the author suggests that in terms of mutually beneficial economic cooperation between Russia and the EU countries, overcoming the consequences of the global economic crisis for all countries would be much more efficient.

Keywords

• strategy
• russian economy
• development