Macroeconomic trends in Russia during the sanctions crisis

2022 has been a year of unprecedented testing caused by anti-Russian sanctions. The article defines the main directions of anti-Russian sanctions. The main macroeconomic indicators affected by the sanctions are analyzed. Russian gross domestic product in 2022 decreased by 2,1 %. The structure of...

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Main Authors: T. I. Gordievich, P. V. Ruzanov
Format: Article
Language:English
Published: Omsk State Technical University, Federal State Autonomous Educational Institution of Higher Education 2023-09-01
Series:Омский научный вестник: Серия "Общество. История. Современность"
Subjects:
Online Access:https://www.omgtu.ru/general_information/media_omgtu/journal_of_omsk_research_journal/files/arhiv/2023/%D0%A2.8,%20%E2%84%963%20(%D0%9E%D0%98%D0%A1)/124-130%20%D0%93%D0%BE%D1%80%D0%B4%D0%B8%D0%B5%D0%B2%D0%B8%D1%87%20%D0%A2.%20%D0%98.,%20%D0%A0%D1%83%D0%B7%D0%B0%D0%BD%D0%BE%D0%B2%20%D0%9F.%20%D0%92..pdf
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author T. I. Gordievich
P. V. Ruzanov
author_facet T. I. Gordievich
P. V. Ruzanov
author_sort T. I. Gordievich
collection DOAJ
description 2022 has been a year of unprecedented testing caused by anti-Russian sanctions. The article defines the main directions of anti-Russian sanctions. The main macroeconomic indicators affected by the sanctions are analyzed. Russian gross domestic product in 2022 decreased by 2,1 %. The structure of GDP is changing. The consumer price index rose by 11,94 %. This macroeconomic situation requires a stabilization economic policy. Economic recovery is possible thanks to monetary and fiscal policy, government programs to support the national economy, and the introduction of an import substitution policy.
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institution Kabale University
issn 2542-0488
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publishDate 2023-09-01
publisher Omsk State Technical University, Federal State Autonomous Educational Institution of Higher Education
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series Омский научный вестник: Серия "Общество. История. Современность"
spelling doaj-art-4e577a2184bf4a959b3c86810e1dad872025-02-03T05:21:19ZengOmsk State Technical University, Federal State Autonomous Educational Institution of Higher EducationОмский научный вестник: Серия "Общество. История. Современность"2542-04882541-79832023-09-018312413010.25206/2542-0488-2023-8-3-124-130Macroeconomic trends in Russia during the sanctions crisisT. I. Gordievich0P. V. Ruzanov1Omsk State Technical UniversityOmsk State Technical University2022 has been a year of unprecedented testing caused by anti-Russian sanctions. The article defines the main directions of anti-Russian sanctions. The main macroeconomic indicators affected by the sanctions are analyzed. Russian gross domestic product in 2022 decreased by 2,1 %. The structure of GDP is changing. The consumer price index rose by 11,94 %. This macroeconomic situation requires a stabilization economic policy. Economic recovery is possible thanks to monetary and fiscal policy, government programs to support the national economy, and the introduction of an import substitution policy.https://www.omgtu.ru/general_information/media_omgtu/journal_of_omsk_research_journal/files/arhiv/2023/%D0%A2.8,%20%E2%84%963%20(%D0%9E%D0%98%D0%A1)/124-130%20%D0%93%D0%BE%D1%80%D0%B4%D0%B8%D0%B5%D0%B2%D0%B8%D1%87%20%D0%A2.%20%D0%98.,%20%D0%A0%D1%83%D0%B7%D0%B0%D0%BD%D0%BE%D0%B2%20%D0%9F.%20%D0%92..pdfanti-russian sanctionsgross domestic productinflationconsumer price indexeconomic policygovernment programs to support the national economyimport substitution policy
spellingShingle T. I. Gordievich
P. V. Ruzanov
Macroeconomic trends in Russia during the sanctions crisis
Омский научный вестник: Серия "Общество. История. Современность"
anti-russian sanctions
gross domestic product
inflation
consumer price index
economic policy
government programs to support the national economy
import substitution policy
title Macroeconomic trends in Russia during the sanctions crisis
title_full Macroeconomic trends in Russia during the sanctions crisis
title_fullStr Macroeconomic trends in Russia during the sanctions crisis
title_full_unstemmed Macroeconomic trends in Russia during the sanctions crisis
title_short Macroeconomic trends in Russia during the sanctions crisis
title_sort macroeconomic trends in russia during the sanctions crisis
topic anti-russian sanctions
gross domestic product
inflation
consumer price index
economic policy
government programs to support the national economy
import substitution policy
url https://www.omgtu.ru/general_information/media_omgtu/journal_of_omsk_research_journal/files/arhiv/2023/%D0%A2.8,%20%E2%84%963%20(%D0%9E%D0%98%D0%A1)/124-130%20%D0%93%D0%BE%D1%80%D0%B4%D0%B8%D0%B5%D0%B2%D0%B8%D1%87%20%D0%A2.%20%D0%98.,%20%D0%A0%D1%83%D0%B7%D0%B0%D0%BD%D0%BE%D0%B2%20%D0%9F.%20%D0%92..pdf
work_keys_str_mv AT tigordievich macroeconomictrendsinrussiaduringthesanctionscrisis
AT pvruzanov macroeconomictrendsinrussiaduringthesanctionscrisis