Analysis of Import Support Measures under Sanctions

Abstract

Economic restrictions (sanctions) have always been one of the most effective tools of influence on a national economy. Due to the fact that integration of national economies has been one of the most relevant trends in the global economy in recent decades, such restrictions result in a significant reduction in the growth rates of both individual industries and the entire national economy. In this regard, this article examines the pressure of economic sanctions from a number of Western countries, analyzes the economic effect of the new package of sanctions on Russia’s economy and considers a strategic plan to support it under sanctions.