Impact of sanctions on Russia's economic security

The purpose of the article was to study the impact of Western sanctions on Russia's economic security and to develop recommendations for countering these sanctions. The essence of sanctions is revealed. The characteristic of the sanctions policy of the West in the period 2012-2022 is given. The most significant directions of sanctions pressure from the point of view of damage have been identified. The characteristic of Russia's response to sanctions is given. The sanctions did not ensure the achievement of the political and economic goals of their initiators. The Russian economy turned out to be quite stress-resistant. The rate of its slowdown and the inflation rate turned out to be significantly lower than predicted by foreign and domestic experts. At the same time, the sanctions have exacerbated the existing problems of the Russian economy. They are as follows: irrational structure, dependence on the export of raw materials and technology imports, insufficient diversification of commodity exports, capital exports, etc. The conclusion about the long-term nature of sanctions is made. Recommendations for developing the real sector at the expense of internal sources of investment are given.

economic security, sanctions, counter-sanctions