Macroeconomic trends in Russia during the sanctions crisis

Authors

  • Gordievich Tatyana Ivanovna Omsk State Technical University, Omsk, Russia
  • Ruzanov Pavel Viktorovich Omsk State Technical University, Omsk, Russia

DOI:

https://doi.org/10.25206/2542-0488-2023-8-3-124-130

Keywords:

anti-Russian sanctions, gross domestic product, inflation, consumer price index, economic policy, government programs to support the national economy, import substitution policy

Abstract

2022 has been a year of unprecedented testing caused by anti-Russian sanctions. The article defines the main directions of anti-Russian sanctions. The main macroeconomic indicators affected by the sanctions are analyzed. Russian gross domestic product in 2022 decreased by 2,1 %. The structure of GDP is changing.
The consumer price index rose by 11,94 %. This macroeconomic situation requires a stabilization economic policy. Economic recovery is possible thanks to monetary
and fiscal policy, government programs to support the national economy, and the introduction of an import substitution policy.

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Author Biographies

Gordievich Tatyana Ivanovna, Omsk State Technical University, Omsk, Russia

Candidate of Economic Sciences, Associate Professor of Organization and Management of Knowledge-Intensive Production Department, Omsk State Technical University (OmSTU), Omsk.

Ruzanov Pavel Viktorovich, Omsk State Technical University, Omsk, Russia

Candidate of Economic Sciences, Associate Professor of Organization and Management of Knowledge-Intensive Production Department, OmSTU, Omsk.

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Abstract views: 26

Published

2023-09-28

How to Cite

Gordievich Т. И., & Ruzanov П. В. (2023). Macroeconomic trends in Russia during the sanctions crisis. Omsk Scientific Bulletin. Series Society. History. Modernity, 8(3), 124–130. https://doi.org/10.25206/2542-0488-2023-8-3-124-130

Issue

Vol. 8 No. 3 (2023)

Section

Economy

License

Non-exclusive rights to the article are transferred to the journal in full accordance with the Creative Commons License BY-NC-SA 4.0 «Attribution-NonCommercial-ShareAlike 4.0 Worldwide License (CC BY-NC-SA 4.0»)

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