Special operation "Cancellation of Russia" on the world market: first results
https://doi.org/10.21686/2410-7395-2022-3-7-22
Abstract
The article examines the first most important consequences of the Western bloc's sanctions policy for the global and Russian economy. The purpose of the work: on the basis of systematization of sanctions instruments grouped into 3 packages – financial blockade, foreign economic barriers, curtailment of scientific and technical cooperation, to check the mutual effectiveness of their aftereffects. As a result of the author's analysis of the practice of sanctions pressure on the example of the US economy, the European Union and the Russian Federation, the working hypothesis of the study was confirmed: the complete isolation of the Russian economy sought by the initiators of sanctions pressure did not take place. However, the sanctions policy of the West has had a significant impact on the system of the world economy. And this influence is multidirectional and generally negative. Long-term economic growth in conditions of relative external isolation will now have to be ensured by the domestic economy of the Russian Federation, relying on the preservation and multiplication of human capital and with the help of broad state protectionism. The author suggests possible directions of adjustment of the Russian general economic policy: the docking of a set of measures for the near, medium and long-term prospects; priority development of the domestic economy with an emphasis on the preservation and augmentation of human capital; exclusion of options for autarkic development.
About the Author
A. A. Maltsev
Institute of Economics of the Ural Branch of the Russian Academy of Sciences
Russian Federation
Russian Federation
Andrei A. Maltsev, Doctor of Economics, Professor, Leading Researcher of the Institute of Economics
29 Moscovskaya Street, Ekaterinburg, 620214
References
1. Afontsev S. А. Politicheskie paradoksy ekonomicheskikh sanktsiy [Political Paradoxes of Economic Sanctions]. Zhurnal Novoy ekonomicheskoy assotsiatsii [Journal of the New Economic Association], 2022, No. 3 (55), pp. 193–198. (In Russ.). DOI: 10.31737/2221-2264-2025-55-3-10
2. Bakharev I. Kak Kitay sovershil chudo v ekonomicheskom razvitii [How China Performed a Miracle in Economic Development]. Ekspert-Ural [Expert-Urals Journal], 2021, No. 13–14, pp. 22–23. (In Russ.).
3. Bykova N. Est li vykhod iz energoperekhoda [Is there a Way Out of the Energy Transition]. Ekspert, [Expert Journal], 2022, No. 41, p. 38. (In Russ.).
4. Bykova N. Skolko prodlitsya proshchanie s MKS [How Long will the Farewell to the ISS Last]. Ekspert [Expert Journal], 2022, No. 38, pp. 40–43. (In Russ.).
5. Byudzhet podoshel k vodorazdelu [The Budget Approached the Watershed], Ekspert [Expert Journal], 2022, No. 29, p. 4. (In Russ.).
6. Vlasova V., Saprykina A. Globalnyy innovatsionnyy indeks-2022 [Global Innovation Index-2022]. Moscow, ISIEZ NIU VSHE, 2022. (In Russ.). Available at: https://issek.hse.ru/news/777572032.html (accessed 26.10.2022).
7. Dolzhenkov A., Obukhova E. Ekonomika pokryvaetsya broney [The Economy is Being Covered by Armor], Ekspert [Expert Journal], 2022, No. 42, pp. 34–39. (In Russ.).
8. Indikatory. Delovaya konyunktura [Indicators. Business environment], Ekspert [Expert Journal], 2022, No. 34, p. 80. (In Russ.).
9. Klepcha K., Ogorodnikov E., Remizov M. Na polnykh parusakh v novyy krizis [On Full Sails in a New Crisis], Ekspert [Expert Journal], 2022, No. 41, pp. 66–73. (In Russ.).
10. Kudiyarov S. Zakat Evropy [The Sunset of Europe], Ekspert [Expert Journal], 2022, No. 40, pp. 22–27. (In Russ.).
11. Kulikov S. Mogushchestvo Zapada uperlos v potolok [The Power of the West Rested on the Ceiling], Ekspert [Expert Journal], 2022, No. 38, pp. 12–17. (In Russ.).
12. Mendeleev D. I. Opravdanie protektsionizma [Justification of Protectionism], Novoe vremya [New Time], 1897, July 11. (In Russ.).
13. Obukhova E. Zastryali na chuzhbine [Stuck in a Foreign Land], Ekspert [Expert Journal], 2022, No. 20, pp. 52–53. (In Russ.).
14. Ogorodnikov E. Premiya za veru v natsionalnuyu ekonomiku [National Economy Faith Award], Ekspert [Expert Journal], 2022, No. 36, p. 9. (In Russ.).
15. Polterovich V. M. Eshche raz o tom, kuda idti: k strategii razvitiya v usloviyakh izolyatsii ot Zapada [Once Again About Where to Go: to a Development Strategy in Isolation from the West]. Zhurnal Novoy ekonomicheskoy assotsiatsii [Journal of the New Economic Association], 2022, No. 3 (55), pp. 238–244. (In Russ.). DOI: 10.31737/2221-2264-2025-55-3-17
16. Poslednee kitayskoe preduprezhdenie [Latest Chinese Warning], Ekspert [Expert Journal], 2022, No. 28, p. 8. (In Russ.).
17. Prikhodko O. V. Sanktsionnaya politika SSHA protiv Rossii: istoricheskiy opyt i sovremennost [US Sanctions Policy Against Russia: Historical Experience and Modernity]. SSHA & Kanada: ekonomika – politika kultura. 2013–2022 [US & Canada: Economy – Politics – Culture. 2013–2022.], 2022, Issue. 9. pp. 5–22. (In Russ.). DOI: 10.31857/S268667302209001
18. Pyzhyanova V. Stalnaya rentabelnost protsarapala dno [Steel Profitability Scratched the Bottom], Ekspert-Ural [Expert-Urals Journal], 2022, No. 2729, pp. 35-38. (In Russ.).
19. Reznichenko A. Nauka pod sanktsiyami: pora prosypatsya [Science under Sanctions: It's Time to Wake Up], Ekspert [Expert Journal], 2022, No. 11, pp. 76-79. (In Russ.).
20. Sanktsionnye voyny: SSHA ostavlyayut Kitay bez chipov [Sanctions Wars: US Leaves China without Chips], Ekspert [Expert Journal], 2022, No. 42, pp. 6–7. (In Russ.).
21. Stolyarov A. Amerikanskaya istoriya uzhasov: vse eshche nachalo [American Horror Story: Still the Beginning], Ekspert [Expert Journal], 2022, No. 39, pp. 48–51. (In Russ.).
22. Stolyarov A. Evropa okonchatelno szhigaet mosty [Europe Finally Burns Bridges], Ekspert [Expert Journal], 2022, No. 24, pp. 40–43. (In Russ.).
23. Stolyarov A. Zhadnost i otvaga [Greed and Courage], Ekspert [Expert Journal], 2022, No. 38, pp. 34-37. (In Russ.).
24. Stolyarov A. Khod yuanem [Yuan Move], Ekspert [Expert Journal], 2022, No. 34, pp. 46–48. (In Russ.).
25. Ushkalova D. I. Vneshnyaya torgovlya Rossii v usloviyakh sanktsionnogo davleniya [Russia's Foreign Trade under Sanctions Pressure], Zhurnal Novoy ekonomicheskoy assotsiatsii [Journal of the New Economic Association], 2022, No. 3, pp. 218-225. (In Russ.). DOI: 10.31737/2221-2264-2022-55-3-14
26. Khochet li Kreml ekonomicheskogo gospodstva [Does the Kremlin Want Economic Domination], Ekspert [Expert Journal], 2022, No. 21, p. 11. (In Russ.).
27. Tsukanov L. Kabulskaya dilemma: podderzhat nelzya ignorirovat [Kabul Dilemma: to Support or Ignore], Ekspert [Expert Journal], 2022, No. 27, pp. 68–73. (In Russ.).
28. Shchukin A. Ipotechnyy doping protiv obvala sprosa [Mortgage Doping Against Collapse in Demand], Ekspert [Expert Journal], 2022, No. 19, pp. 28–29. (In Russ.).
29. Energiya tektonicheskikh sdvigov [Energy of Tectonic Shifts], Ekspert [Expert Journal], 2022, No. 41, p. 11. (In Russ.).
30. Drezner D. W. How Smart are Smart Sanctions? // International Studies Review. – 2003. – No. 5. – P. 107–110.
31. Elliott K. A. The Sanctions Glass: Half full or Completely Empty? // International Security. – 1998. – No. 23. – Vol. I. – Р. 50–65.
32. Pape P. A. Why Economic Sanctions Do Not Work // International Security. – 1997. – No. 22. – Vol. 2. – Р. 100–103.
Review
For citations:
Maltsev A.A. Special operation "Cancellation of Russia" on the world market: first results. International Trade and Trade Policy. 2022;8(4):7-22. (In Russ.) https://doi.org/10.21686/2410-7395-2022-3-7-22
Views:
619
Email this article 
