Economic sanctions and related consequences: case study of Russia

Vsevolod Syskin

Bachelor's thesis

Abstract:

Russian economy has undergone the significant turmoil both in terms of a transition process, entering the WTO and recent events connected to Crimea and sanctions. In this light it becomes interesting to investigate whether the imposed against Russia sanctions have had a significant effect on Russian economic performance. In literature review will be identified the meaning of sanctions their history and how the world history faced with sanctions. As well as will be explained the history of sanctions in Russian history their reasons and consequences. Literature review of research demonstrates the basic concept of sanctions and main macroeconomic indicators, which would be investigated in the practical part.In the practical part of the Bachelor thesis is thus to compare the macroeconomic situation in Russia before and after the imposition of economic sanctions. For achievement goals and answers of the thesis the following methodology will be applied: Descriptive analysis, thematic analysis and synthesis along with comparative techniques will be used in the present Bachelor thesis. To accomplish the goals of the research will be investigated macroeconomic indicators before and after the imposition of economic sanctions (2014).

Keywords

Economic sanctions, Russia, GDP, Foreign trade, Macroeconomic indicators

Language used: English

Date on which the thesis was submitted / produced: 20. 3. 2020

Thesis defence

• Supervisor: Mgr. Elena Kuzmenko, Ph.D.
• Reader: Pavel Kotyza, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme / field:
Economics and Management / Economics and Management