ANALYTICAL FORECAST OF THE CONSEQUENCES OF 2022 SANCTIONS FOR THE RUSSIAN ECONOMY

Authors

  • Polina S. Shpak Baltic State Technical University "Voenmekh" named after D. F. Ustinov

DOI:

https://doi.org/10.24866/1813-3274/2022-2/15-23

Abstract

Due to the geopolitical and market situation that emerged in February and March of this year, the economic situation in the country suffered a large-scale blow, the results of which are quite challenging to predict. There is an outflow of external capital, a temporary stop in production by foreign organizations, and there is also significant pressure from the European Union, the United States of America on exports and imports in the Russian Federation. Such events contributed to the immediate ruble's volatility. In this paper the author makes a strategic forecast of the main macroeconomic indicators in the context of the Russian market situation and suggests measures to reduce the negative impact of possible consequences from economic sanctions aimed at destabilizing the Russian economy.

Keywords: sanctions, default, ruble devaluation, inflation, economic crisis, forecast, external capital, strategy, geopolitical and market situation, consumer price index, gross domestic product, statistics, strategy, geopolitical and market situation, consumer price index, gross domestic product, statistics.

Downloads

Download data is not yet available.

Author Biography

  • Polina S. Shpak, Baltic State Technical University "Voenmekh" named after D. F. Ustinov

    – Senior Lecturer, Candidate of Sciences in Economics

Published

05-09-2022

How to Cite

Shpak, P. S. . (2022). ANALYTICAL FORECAST OF THE CONSEQUENCES OF 2022 SANCTIONS FOR THE RUSSIAN ECONOMY. PACIFIC RIM: Economics, Politics, Law, 24(2), 15-23. https://doi.org/10.24866/1813-3274/2022-2/15-23