The impact of economic sanctions on the country's economy
Currently, sanctions are considered an important tool of international policy for maintaining security and collective response to violations of international order. At the same time, they are a factor of negative impact on the economic situation of the country, growth and production in the target co...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-07-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/2877 |
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| author | S. Alikhani I. P. Khominich |
| author_facet | S. Alikhani I. P. Khominich |
| author_sort | S. Alikhani |
| collection | DOAJ |
| description | Currently, sanctions are considered an important tool of international policy for maintaining security and collective response to violations of international order. At the same time, they are a factor of negative impact on the economic situation of the country, growth and production in the target country. Russia and Iran have been under sanctions from Western countries and their allies for many years and are experiencing economic problems in this regard. The article provides a characteristics and comparative analysis of economic sanctions against Russia and Iran, reveals their differences, assesses the impact of sanctions on their economic structure and financial sector. The paper shows that sanctions directly or indirectly affect the country's macroeconomic indicators and cause their decline. The authors give the substantiations for the negative impact of sanctions on the financial markets of Iran and Russia, including the banking and stock markets. |
| format | Article |
| id | doaj-art-d63c11e9bfe14585a3cb9bde9ee4428e |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-07-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-d63c11e9bfe14585a3cb9bde9ee4428e2025-02-04T08:28:08ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-07-01059310010.26425/1816-4277-2021-5-93-1002048The impact of economic sanctions on the country's economyS. Alikhani0I. P. Khominich1Plekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsCurrently, sanctions are considered an important tool of international policy for maintaining security and collective response to violations of international order. At the same time, they are a factor of negative impact on the economic situation of the country, growth and production in the target country. Russia and Iran have been under sanctions from Western countries and their allies for many years and are experiencing economic problems in this regard. The article provides a characteristics and comparative analysis of economic sanctions against Russia and Iran, reveals their differences, assesses the impact of sanctions on their economic structure and financial sector. The paper shows that sanctions directly or indirectly affect the country's macroeconomic indicators and cause their decline. The authors give the substantiations for the negative impact of sanctions on the financial markets of Iran and Russia, including the banking and stock markets.https://vestnik.guu.ru/jour/article/view/2877economic sanctionsmacroeconomic indicatorsfinancial marketrussian federationirancrisisoil pricestechnology importsexchange rate |
| spellingShingle | S. Alikhani I. P. Khominich The impact of economic sanctions on the country's economy Вестник университета economic sanctions macroeconomic indicators financial market russian federation iran crisis oil prices technology imports exchange rate |
| title | The impact of economic sanctions on the country's economy |
| title_full | The impact of economic sanctions on the country's economy |
| title_fullStr | The impact of economic sanctions on the country's economy |
| title_full_unstemmed | The impact of economic sanctions on the country's economy |
| title_short | The impact of economic sanctions on the country's economy |
| title_sort | impact of economic sanctions on the country s economy |
| topic | economic sanctions macroeconomic indicators financial market russian federation iran crisis oil prices technology imports exchange rate |
| url | https://vestnik.guu.ru/jour/article/view/2877 |
| work_keys_str_mv | AT salikhani theimpactofeconomicsanctionsonthecountryseconomy AT ipkhominich theimpactofeconomicsanctionsonthecountryseconomy AT salikhani impactofeconomicsanctionsonthecountryseconomy AT ipkhominich impactofeconomicsanctionsonthecountryseconomy |