Why did the Russian Economy not Collapse under the Influence of Sanctions?

DOI: 10.33917/es-3.195.2024.16-27

Chronicles of the trade and economic war (sanctions, restrictions, etc., in fact, attempts to organize an economic, scientific and technical blockade) of the conventionally united West against Russia after 2014 in general and after the beginning of the Limited Military Operation in particular clearly demonstrate that Atlantic opponents didn’t manage to defeat us economically. They don’t understand why that happened… Russia, to the whole world’s surprise, is successfully realizing its economic potential, monetizing it into stability of the political regime and building up a victorious defence potential. What’s the cause of such macroeconomic stability (national strength) of Russia?

References:

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2. Leontief W., Strout A. Multiregional Input-Output Analysis. Structural Interdependence and Economic Development (ed. T. Barna). London, Macmillan (St. Martin’s Press), 1963, pp. 119–149.

3. Koopman R., Wang Z., Wei Shang-Jin. Tracing Value-Added and Double Counting in Gross Exports. NBER Working Paper no 18579, Cambridge, National Bureau of Economic Research, 2012.

4. Makarov V.L., Bakhtizin A.R., Sushko E.D. Natsional’naya strategicheskaya sila stran, mezhdunarodnaya torgovlya i ekonomicheskaya uspeshnost’ stran v nestabil’nom mire [National Strategic Power of Countries, International Trade and Economic Success of Countries in the unstable World]. Strategirovanie: teoriya i praktika, 2023, vol. 3, no 3(9), pp. 277–297.

5. Ageev A.I., Bakhtizin A.R., Makarov V.L., Loginov E.L., Khabriev B.R. Ekonomicheskiy fundament pobedy: strategicheskiy prognoz ustoychivosti ekonomiki Rossii v

usloviyakh sanktsionnykh atak [Economic Foundation of Victory: a Strategic Forecast for the Russian Economy Stability in the Face of Sanctions]. Ekonomicheskie strategii,

2023, vol. 25, no 3(189), pp. 6–15, DOI: https://doi.org/10.33917/es-3.189.2023.6-15

6. Makarov V.L., Il’in N.I., Bakhtizin A.R., Khabriev B.R. Natsional’naya sila stran mira: otsenka i prognoz [National Strength of the Countries in the World: Evaluation and Forecast]. Ekonomicheskie strategii, 2022, vol. 24, no 6(186), pp. 38–51, DOI: https://doi.org/10.33917/es-6.186.2022.38-51

7. Makarov V.L., Bakhtizin A.R., Loginov E.L. Primenenie ekonomiko-matematicheskikh metodov i modeley optimal’nogo planirovaniya v tsifrovoy ekonomike budushchego (TsEMI AN SSSR i TsEMI RAN: prognosticheskaya interpretatsiya i razvitie nauchnogo naslediya nobelevskikh laureatov L.V. Kantorovicha i V.V. Leont’eva) [Application of Economic-mathematical Methods and Optimal Planning Models in the Digital Economy of the Future (CEMI AS USSR and CEMI RAS: Predictive

Interpretation and Development of the Scientific Heritage of Nobel Laureates L.V. Kantorovich and V.V. Leontief)]. Moscow, Tsentral’nyy ekonomiko-matematicheskiy

Prospects for Russian-Turkmen Cooperation at the Current Stage

DOI: 10.33917/es-2.188.2023.36-43

The article analyzes historical development of the Russian-Turkmenistan relations. Multi-vector nature and flexibility in the development of a strategic partnership with Turkmenistan is substantiated. The author concludes that Russian-Turkmenistan relations should not be limited only to cooperation in the gas sector, but should develop dynamically towards formation of transport and logistics corridors, development of the tourist industry and communications modernization.

References:

1. Parizhskaya rech’ generala v ego kvartire na ryu Pent’er pered serbskimi studentami “Zavety slavyanstvu” [“Testaments to the Slavs”, Parisian Speech of the General in his Apartment on Rue Pentier to Serbian Students]. Sitaty.info, available at: https://citaty.info/man/mihail-skobelev.

2. Mezhgosudarstvennye otnosheniya Rossii i Turkmenii [Interstate Relations between Russia and Turkmenistan]. RIA “Novosti”, 2022, 10 iyunya, available at: https://ria.ru/20220610/turkmeniya-1794373218.html.

3. BP Statistical Review of World Energy 2020. 69th edition, available at: https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2020-full-report.pdf.

4. BP Statistical Review of World Energy 2020. 71th edition, available at: https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/
energy-economics/statistical-review/bp-stats-review-2022-full-report.pdf.

5. Vyakhirev gotov k kompromissu [Vyakhirev is Ready to Compromise]. Nezavisimaya gazeta, 1999, 18 dekabrya, available at: https://www.ng.ru/cis/1999-12-18/5_viahirev.html.

6. V Ashkhabade sostoyalsya shestoi Kaspiiskii sammit [The Sixth Caspian Summit was Held in Ashgabat]. Rossiiskaya gazeta, 2022, 29 iyunya, available at: https://rg.ru/2022/06/29/bereg-druzej.html.

7. Kaspiiskoe sotrudnichestvo kak sposob resheniya ekonomicheskikh problem Turkmenistana [Caspian Cooperation as a Way to Solve Turkmenistan’s Economic Problems]. CABAR, available at: https://cabar.asia/ru/

8. Citaty.info, available at: https://citaty.info/man/mihail-skobelev.

9. Turkmenistan prizyvaet strany Kaspiya k rasshireniyu transportnogo sotrudnichestva [Turkmenistan Calls on the Caspian Countries to Expand Transport Cooperation]. Bol’shaya Aziya, 2022, 7 oktyabrya, available at: https://bigasia.ru/content/news/businness/turkmenistan-prizyvaet-strany-kaspiyak-rasshireniyu-transportnogo-sotrudnichestva/

10. Proekt Turkmenbashinskogo mezhdunarodnogo porta [The Project of the Turkmenbashi International Port]. GAP.INSAAT, available at: https://www.gapinsaat.com/ru/infrastructure/international-turkmenbasi-seaport-project.html.

11. Cherez mezhdunarodnyi port Turkmenbashi (Turkmenistan) eksportirovano bolee 6,5 mln tonn gruzov [More than 6.5 million tons of Cargo were Exported Hhrough the International Port of Turkmenbashi (Turkmenistan)]. Internet-portal SNG, 2022, 2 sentyabrya, available at: https://e-cis.info/news/567/102962/

The impact of customs payment as an institution of development on stimulating economic growth

DOI: 10.33917/mic-3.98.2021.22-28

The article briefly analyzes the impact of customs duties on certain parameters of financing federal budget expenditures aimed at implementing key priorities and national goals, which will contribute to accelerating economic growth. It is shown that customs revenues to the federal budget are an important characteristic, they allow their part to satisfy public needs, remaining one of the stable sources of formation of its revenue.

It is concluded that it is necessary to include in the control indicators of the implementation of the Strategy for the Development of the Customs Service of the Russian Federation until 2030 indicators of customs payments that contribute to the financing of budget expenditure programs that affect the stimulation of economic growth.

Functioning of Russian Trade Representatives in the EU Countries in the Paradigm of Value Chains

DOI: 10.33917/es-1.167.2020.42-47

The article examines the nature of trade representatives abroad and their role in Russian exporters’ participation in value chains. To this end the author proposes a role model for functioning of the Russian trade missions, as well as analyzes operation of Russian trade representatives in some EU countries in the paradigm of value chains and proposes measures to increase trade missions’ efficiency in some EU countries. As part of the analysis, the author made use of analytical reports on the state of economy and the main directions of foreign economic activity, prepared by trade representatives, as well as analytical materials received from trade missions of the Russian Federation abroad

Five Years of Eurasian Integration: Statistical Analysis of Key Economic Results

DOI: 10.33917/es-8.166.2019.48-57

Over 5 years after the signing of the Treaty on the Eurasian Economic Union, the experience of the integration process has been accumulated, its pros and cons, potential and obstacles for a new stage in the development of the EAEU have been identified. The accuracy of estimates of the 5-year integration dynamics affects the effectiveness of decisions on further integration. A complete, reliable, qualitative statistical assessment of the economic condition of the Union is a necessary basis for the successful dynamics of the Union at a new stage

Armenia Within the Eurasian Economic Union

DOI: 10.33917/es-7.165.2019.74-77

The Treaty on the Eurasian Economic Union (EAEU), signed on May 29, 2014, entered into force on January 1, 2015. The purpose of the Union is to provide conditions for the stable economic development of member states by improving the living standards of the population, comprehensive modernization, cooperation and increasing the competitiveness of national economies. Armenia became part of the EAEU 2015 on January 2. At the same time, the most important problems for all countries remain: the problem of diversification of national industry; low competitiveness of the products of most manufacturers, a low share of high-tech products in exports, virtually no trade and investment cooperation between individual pairs of countries, the degree of public confidence in the integration group. The article discusses issues related to the economic development of Armenia within the EAEU, mutual trade with the EAEU member countries, the attitude of the population to the EAEU; the positive and negative aspects of Armenia’s participation in the EAEU, as well as possible ways to strengthen integration within the EAEU are revealed

Transformation of the Mechanisms for Managing the Fuel and Energy Complex (FEC) of Russia in Order to Reduce Risks and Threats: the Kremlin-2018 in a Complex Economic Reality

#6. The Charm of Unattainable Peaks
Transformation of the Mechanisms for Managing the Fuel and Energy Complex (FEC) of Russia in Order to Reduce Risks and Threats: the Kremlin-2018 in a Complex Economic Reality

The purpose of the present article is to substantiate the directions of transforming the mechanisms of the fuel and energy complex management in Russia in order to eliminate risks and threats to the national economic interests of our country, manifested in the period of oil prices falling and introduction of anti-Russian economic and political sanctions. The authors propose approaches to substantiate the ways for protecting Russia’s economic interests in relation to the fuel and energy complex (FEC) of Russia, including concentration in the state’s hands of export flows of fuel and energy resources management (supply routes, volumes of extraction, transportation), cpecification of payment terms; intercorporate coordination of measures for development, reconstruction and modernization of fuel and energy infrastructure; formation of a qualitatively new infrastructure for wholesale and retail markets for fuel and energy resources (FER); transition to setting-up abroad the energynodal management mechanism regarding supply and transportation of Russian fuel and energy resources; clarification of measures for coordination and operation of profit centers, corporate financial centers, concentration centers of possession and management of property and financial assets in relation to large Russian energy corporations, including their subsidiaries and associates of the company abroad and others. Technology under consideration is proposed as an integral part of the management technologies of the Russian economy branches in relation to possible economic fluctuations of the world economy under conditions of significant changes related to new political realities in the USA, EU, etc.

China’s Bifurcation Point: Search for a New Strategic Model

#2. Noah’s Caste
China's Bifurcation Point: Search for a New Strategic Model

In the last period every year the global economy was increasingly dependent on the pace of China’s economy development, on which many countries have traditionally pinned their hopes for successful exit from the crisis. 2015 has clearly and unequivocally demonstrated the tendency of Chinese critical instability increase. There are many reasons, and one of the most important was the change in the US policy — termination of “quantitative easing” programs, which determines conditions of demand for Chinese goods and the volume of their exports. Once and for all the credit character of “successful” China’s economic growth became apparent, the possibility of obtaining the effect from realizing the model of financial incentives to China’s national economy through increasing the volume of loans and investments is almost exhausted. The main conclusion: there is a direct correlation between the consequences of investment and industrial glut in China due to extreme economic growth and strengthening of structural economic and financial disproportions laying the contours of inevitably arising from them a new round of Chinese and the global economic crises.

The Pricing Loop of Global Power Engineering Development (Fundamental Factors Analysis)

#5. The Forerunners of Memory

To answer numerous questions about the future price dynamics the author carries out a research in the field of cyclical energy resources consumption and cyclical changes in their prices and concludes that the pricing loop will be tightened enough. In this regard, the author believes that the global economy will choose the path of more quick decrease in the world oil price and the lack of need for providing global oil demand by developing new, more expensive fields.