Economic sanctions against Russia: threats or possibilities for further growth

Abstract

Objective to estimate the possible consequences of economic sanctions against Russia for the economy and business basing on the analysis of socialeconomic indicators expert evaluation and the previous experience. Methods general scientific methods summarizing structural logical and comparative analysis economicmathematical modelling methods of sociological and statistical research polling documents analysis. Results the authors have obtained the following results 1 basing on the analysis of socialeconomic indicators of the economic system of the country compared with other countries the authors have studied the potential of economic grow than development of Russia before imposing of the sanctions 2 the authors have studied the experience of counteraction to the western economic sanctions with a view of using it in future 3 the authors have given the characteristics of the main programs of the Russian business support elaborated by the Russian government 4 the authors have analyzed the initial results of economic sanctions against Russia which are reduction of the basic indicators in foreign trade investments capital flow and others defined the main economic threats for the Russian economy 5 basing on the sociological poll it has been found that as early as in OctoberNovember 2014 the majority of enterprises felt the negative consequences of unstable international economic relations 6 the authors have proposed the most efficient managerial decisions for directors of enterprises under economic sanctions. Scientific novelty basing on the statistical data analysis the summarizing and comparing as well as expert evaluation the authors research possibilities and economic threats for the Russian business development in the nearest future. Practical value the main provisions and conclusions of the article can be used in the scientific and practical activity when viewing the issues of functioning of business under economic sanctions against Russia. nbsp