Effects of western sanctions and Russia’s reciprocal sanctions

Abstract

In the article the economic and political consequences of the introduction of sanctions against the Russian Federation and the reciprocal Russian sanctions are analyzed. Is investigated economic situation in Russia in the conditions of acting the sanctions and change of the volumes of foreign trade with the countries, which support anti-Russian sanctions. Is noted the need for the renewal of economic collaboration between the European Union and Russia. It is shown that also the European Union and Russia the profitably economic collaboration and on this depends the stability of political situation in the entire Eurasia. Is examined a change in the ratio of some countries the European Union to the introduced sanctions of the European Union.