The Impact Analysis of Sanctions and Embargo on the Russian Foreign Trade Policy

Abstract

The article gives an overview of the impact of the sanctions imposed against Russia and Russian retaliatory embargo on the trade policy. Also the article presents the analysis of Russia's foreign trade in recent years in the context of export-import operations, as well as by the main countries and groups of countries, which showed that the volume of trade between Russia and the majority of countries that supported the anti-Russian sanctions were considerably reduced. The main conclusion of the conducted analysis is that before the crisis in Ukraine, our main trading partners were European countries, today a growing share in the trade turnover with Russia began to play the Orient.