ISSN: 2375-298X
International Journal of Economic Theory and Application  
Manuscript Information
 
 
Analysis of Effects of International Sanctions and Turkish Conflict on Russian Economy
International Journal of Economic Theory and Application
Vol.3 , No. 1, Publication Date: Jan. 12, 2016, Page: 1-13
1250 Views Since January 12, 2016, 1067 Downloads Since Jan. 12, 2016
 
 
Authors
 
[1]    

Lembo Tanning, Faculty of Transport, TTK University of Applied Sciences, Tallinn, Estonia.

[2]    

Toivo Tanning, Tallinn School of Economics, Tallinn, Estonia.

 
Abstract
 

The purpose of this article is to analyse effects of international sanctions and Turkish conflict on Russian economy. The international sanctions are imposed against Russia following Russia's annexation of Crimea and the Russian military intervention in Ukraine. With regard to acute political and economic situation in Eastern Europe, with the EU and Russia on mutual economic partial blockade, has become very topical, what is the position of energy in the European countries. Conflict Russia-Turkish is new and associated with war in Syria. Goal is to analyze energy trade between European Union (EU) countries and Russia, and the effects of sanctions on Russian economy. The focus is energy trade between the EU and Russia. Energy security is always one of the most important problems for the EU. What are the prospects for a partial boycott of resources? What you can expect from Russia? How are you doing Russian foreign trade and business? Have it has affected the sanctions or boycott? That's what we look at to October 2015. That's why we look at the beginning of the whole economy, and then external trade. We analyze Russia, which has the EU largest energy suppliers. What are the prospects for a partial boycott?


Keywords
 

European Union, Russia, Turkey Sanctions, Energy, Foreign Trade


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