The Analysis Of Western Sanctions And Their Impact On The Economy Of The Russian Federation

Nowadays Russia is facing the difficult and unstable international situation.After the Ukrainian conflict Western countries imposed a number of sanctions on the Russian Federation.This sanctions imposition led to serious consequences for the Russian economy.That's why this is very important to analyze the current situation and the impact of sanctions on the economy of Russia.After the theory review,the analysis of the international experience,the analysis of the key macroeconomic indicators and current economy situation create possible recommendations for Russia today.Sanctions imposition exposed many questions for The Russian Federation.Country needs serious structural changes.The Government should show that it can use the current situation as a push for big changes.Russia's dependence on oil and gas prices,weakening of the national currency,low level of the industrialization,expensive loans,all of this is just a part of the problems that RF has today.According to the international experience there are many ways to fight sanction's negative influence,but in a world where armed wars are replaced by wars in the political and economic arena,Russia must look to the future and ensure the economic security of the country.This can only be achieved by initiating major structural changes right now.