Research On Russia's Response To Economic Sanctions From Western Countrie

Economic sanctions are a policy measure used by the sanctioning country to force the sanctioned country to change its policies.In 2014,in connection with the Crimean crisis that broke out in Ukraine,the United States,the European Union,the United Kingdom and other Western countries imposed economic sanctions against Russian individuals and organizations.Since then,for eight years,economic sanctions against Russia have not been interrupted due to the poisoning of the Skripals,hacker attacks,interference in the US elections,the poisoning of Navalny and many other incidents.In February 2022,due to the dispute over the Russian Donbass,Western countries,such as Europe and the United States,once again imposed unprecedented sanctions against Russia.A total of 2,778 sanctions were imposed from February 22,2022 to March 7,2022.Russia has been sanctioned a total of 5,532 people since 2014,more than Iran has been sanctioned.The areas of sanctions were focused on individuals in the political and business circles,the financial sector and the energy sector.The main sanctions measures are the suspension of visas and the freezing of assets of persons subject to sanctions.Some Russian banks are prohibited from raising funds in the West and issuing bonds and shares after their maturity.The export of some key equipment and technologies to Russia is prohibited.Western countries freeze assets of Russian sanctioned companies and prohibit their citizens from cooperating with them.Economic sanctions by Western countries have caused a rapid decline in the Russian economy in the short term.In the face of sanctions,Russia itself has certain grounds for resistance.It is a country with the largest territory in the world,rich in oil,natural gas,coal and other energy sources,as well as iron,nickel,diamonds,potassium and other minerals.More than 40%of European natural gas and almost 30%of crude oil must be imported from Russia,and the trade structure complements the Russian one.The position on sanctions against Russia is very different from the position of the United States.At the same time,Russia also actively applied counter-sanctions measures,constantly reducing the share of the US dollar in foreign currency and reducing its US treasury obligations.To develop a domestic payment system "Mir" and a financial information transfer system SPFS in order to reduce dependence on a global payment infrastructure focused on dollars.When implementing the import substitution strategy,Russia encourages and supports domestic enterprises in increasing their competitive advantages and creating their own "ecosystems".Bypassing the countries under sanctions and conducting multilateral cooperation with other countries,cooperation with China also continued to move to a new level.Based on the consolidation of the internal circulation,the external circulation is constantly optimized.The Russian economy has shown a tendency to recover after the impact of sanctions,and the sanctions imposed by the United States and Europe against Russia until 2022 have not achieved the expected goals.As China’s economic strength continues to grow,trade frictions have occurred between China and the United States.In 2018,the United States.launched a trade war against China in order to maintain its global hegemony.After President Biden took office,he also maintained a firm stance towards China,restraining China’s development in all aspects.Therefore,it is of great importance for my country to study how Russia reacts to the economic sanctions of Western countries.In the face of unjustified sanctions from Western developed countries,we must take a tough stance to protect our rights and interests,but not miss the window of reasonable dialogue.We should stick to the path of independent innovation,improve our internal skills and not obey others in key areas.It is necessary to divert the conflicting attention of the international community,find a very profitable strategic breakthrough,and ease the sanctions pressure.It is necessary to exercise the right to express public opinion and attach great importance to the role of Internet technologies and network platforms in external exchange and communication.Strengthen the capacity of international communication,strengthen the international influence of Chinese discourse,and allow the world to hear and hear the Chinese voice clearly.It is necessary to deepen international cooperation,achieve mutually beneficial and joint development,actively participate in building a system of global governance and contribute to building a community with a common future for humanity.