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Economic Sanctions on Russia and Reciprocal Embargo Related Works Review

Kniaz M. Bagdasaryan – Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The article reviews publications of domestic researchers on the analysis of trade and political restrictions introduced against the Russian Federation in 2014, as well as retaliatory measures as an embargo on imported food products from the countries of the European Union and several other states. The analysis revealed that approaches to the quantitative and qualitative assessment of benefits and losses vary significantly, and sometimes have a subjective character, based on the professional specialization of researchers and their political and economic views.

Key words: economic sanctions, counter-sanctions, food embargo, import restriction, devaluation of the ruble.