MODERN MEASURES TO COUNTER THE SANCTIONS PRESSURE ON THE RUSSIAN ECONOMY: LEGAL ASPECT

Author(s): Kruss I.A.

Rubric: Content, problems and trends in the development of public law

DOI: 10.21777/2587-9472-2023-3-25-30

Release: 2023-3 (39)

Pages: 25-30

Keywords: sanctions, economy, import substitution, fuel and energy complex, metallurgy, transport, financial system, banking sector

Annotation: The article discusses current issues devoted to the analysis of measures to counter international sanctions and restrictions imposed by unfriendly states against Russia. Special attention is paid to such sectors of the economy of the Russian Federation as oil industry, electric power industry, metallurgy, transport sector, banking sector, etc. The proposed measures vary depending on the sector of the economy and cover different areas – from the adoption of regulations (both laws and by-laws) to the government support to specific market participants. In the context of the modern confrontation between Russia and the West, a reorientation of domestic business towards countries of Asian origin, as well as strengthening international cooperation within the EAEU, seems justified. It is believed that the proposals made to improve legislation can be effective means of countering the restrictive measures of the international community and can neutralize the adverse impact of sanctions policies pursued by foreign countries on the Russian economy.

Bibliography: Kruss I.A. MODERN MEASURES TO COUNTER THE SANCTIONS PRESSURE ON THE RUSSIAN ECONOMY: LEGAL ASPECT // Journal of Legal Sciences. – 2023. – № 3 (39). – С. 25-30. doi: 10.21777/2587-9472-2023-3-25-30