Impact of Sanctions on the Volume of Import and Export of Fish Products in Russian Federation

Alina Degtiareva

Master's thesis

Abstract:

The goal of this diploma is to investigate the Western sanctions placed on Russia, the reciprocal Russian counter-sanctions, and the impact on the import and export of fish products. Because the fishing sector is so crucial to Russia's economy, it is critical to assess how much it has suffered between 2013 and 2020. Furthermore, some countries entered the Russian import market and were able to compensate for the amount of supply lost from countries that exited the market. Nevertheless, some argue that the sanctions had a good impact on the country's agricultural economy since Russia was forced to actively pursue import substitution, which finally yielded favorable outcomes. The practical section focuses on analyzing the impact of sanctions and counter-sanctions on the amount of fish product imports and exports, as well as the value and direction of international trade. The key indicators are also computed, which aids in the formation of a full picture of the dynamics of fish product imports and exports. On the one hand, the current scenario in Russia limits the supply quantities of imported items to significant food markets, but on the other hand, it creates new chances for Russian manufacturers.

Keywords

Economy, Russia, Fish sector, Import, Export, International trade, Sanctions, Counter-sanctions, Agriculture, Analysis, Import substitution

Language used: English

Date on which the thesis was submitted / produced: 30. 3. 2022

Thesis defence

• Supervisor: doc. Ing. Karel Tomšík, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management