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THE IMPACT OF SANCTIONS RESTRICTIONS ON THE PERFORMANCE AND THE DEVELOPMENT OF ENTREPRENEURSHIP IN RUSSIA



D.G. Mikheeva
E.A. Chernysheva
darinamiheeva@mail.ru
chernysheva_lena@mail.ru
a Senior Lecturer at the Department of Economics of Entrepreneurship, Saint-Petersburg State University of Economics, PhD in Economics
a Senior Lecturer at the Department of Economics of Entrepreneurship, Saint-Petersburg State University of Economics, PhD in Economics
St. Petersburg
St. Petersburg

Keywords:

  • Russia
  • sanctions
  • sanctions restrictions
  • sanctioned products
  • Russian economy
  • foreign trade
  • entrepreneurship
  • The article deals with the impact of sanctions on the Russian entrepreneurship. While covering the topic the authors stress upon some facts which indicate the negative impact of restrictions for both EU and Russia. The authors single out and characterize three fundamental groups of sanctions imposed on Russia by the USA and EU. The article describes reasons why the activity of Russian businesses has been impeded. The authors provide a list of performance indicators with regard to enterprises and businesses with foreign capital and present the analysis of their dynamics on the basis of Russian Federal State Statistics Service database.
    The authors conclude that the sanctions processes have resulted in the formation of perspectives for creating new products and services as well as new methods of production and new forms of services.

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