THE ANALYSIS OF SANCTIONS' INFLUENCE ON RUSSIAN STOCK MARKET BASED ON SANCTION INDEX DEVELOPMENT
Anti-Russian sanctions have become one of the key factors, determining the state of the Russian national economics in recent years. Financial restrictions against companies and residents, which constrict the possibility of raising foreign funding and limit cooperation with abroad investors, have become one of the sanctions' types. Such events could not but affect the state of the Russian financial market. The aim of the work under discussion is to estimate the impact of anti-Russian sanctions on the Russian financial market from 2014 till 2018. In order to achieve the stated objective the authors developed a system of indexes that allow quantitatively showing the sanctions imposed against Russia by different foreign countries. The indexes were calculated not only for all restrictions in total, but also for sanctions imposed by different groups of countries (USA, European Union and other countries). In addition, the developed indexes make it possible to take into account the degree of particular sanctions' impact based on the level of the object under sanctions. The stated indexes' analysis in relation to the variation of MOEX index allowed establishing the high degree of dependence of the Russian financial market's dynamics on the imposed sanction restrictions and justifying the proposed approach to indexes' calculation.
This volume examines the complex international system of the twenty first century from a variety of perspectives. Proceeding from critical theoretical perspectives and incorporating case studies, the chapters focus on broad trends as well as micro-realities of a Post-Westphalian international system. The process of transformation and change of the international system has been an ongoing cumulative process. Many forces including conflict, technological innovation, and communication have contributed to the creation of a transnational world with political, economic, and social implications for all societies. Transnationalism functions both as an integrative factor and one which exposes the existing and the newly emerging divisions between societies and cultures and between nations and states. The chapters in this volume demonstrate that re-thinking fundamental assumptions as well as theoretical and methodological premises is central to understanding the dynamics of interdependence.
This article analyzes a paradoxical situation: sanctions have real negative effects on the Russian economy, but are not recognized by the population as a problem. The article analyzes the key strategies used to deproblematize the economic sanctions (and the Russian food embargo) that were used in four Russian newspapers from March 2014 to December 2014. Drawing on agenda-setting theory, we assume that the use of deproblematization strategies in the media discussion on economic sanctions proves to people that the effects of the sanctions are not severe. The second section discusses another puzzle: against the background of a large-scale economic and political crisis in Russia, Vladimir Putin’s support is increasing. We explain this outcome using the rally-around-the-flag effect. This effect reflects how and why a national leader’s approval rating substantially increases during tragedies and international conflicts. We argue that Russia’s media discussion can explain why the rally effect in Russia is substantially more stable than in other countries.
Saving and creating jobs in a recession and the current situation in the economic crisis, in part due to the sanctions imposed by the Russian Federation - is a priority for every state. Powered by article analysis of the structural changes on the example of the federal city of St. Petersburg reflects the dynamics of the number of employees by main activity. Analysis of data of the number of employees on key sectors of the economy is an indicator of both development and current state of the real sector of the Russian economy.
Sanctions and the future of EU-Russian relations
> Georgia. Georgia's $16 bln economy saw strong annual growth in 2010-12 of around 6-7%, but in 2013 growth slowed to 3.2%, which is still good but not enough for an economy with a GDP per capita of around $3,600. Indeed, over the year, Georgia - which depends heavily on capital inflows - failed to utilize its competitive advantage of lower unit labor costs than in other countries in the region, such as Turkey and Bulgaria. > Turkey. The Turkish economy performed well in 1H14 as industrial output rose 3.8% y-o-y (down from 5.3% y-o-y in 5m14). GDP climbed 4.3% y-o-y in 1Q14, and we estimate 2Q14 to show GDP growth just below 4.0%. We expect 3.7% for 2014 as a whole, which is a bit stronger than we expected early in the year. > Bulgaria. Similar to some other smaller economies in the region, Bulgaria benefited from a recovery in the Eurozone that was characterized by ECB President Mario Draghi on August 7 as "moderate and uneven." Bulgarian GDP picked up to around 1.4% y-o-y in 1H14 (1.2% in 1Q14 and 1.6% in 2Q14). Given that Bulgaria's currency is pegged to the euro, the country was unable to extract benefits from this recovery to the same extent as some other countries, such as Turkey, Hungary or Romania, whose monetary policy and exchange rates are more independent. In 2H14, Bulgaria will face additional pressure from potentially slower growth in the EU as policy makers in the West and Russia continue experiments with sanctions.
The number of conflicts in the world is increasing, as well as their intensity and fierceness. We see the trend of unfolding spiral of violence in the world and thus there is a pressing need to assess the underlying reasons of it. Challenges to a secure development of the world stem from political, economic and social issues that have long been ignored or have not been effectively dealt with by both policymakers and researchers. Likewise, both academic and policy responses to the unfolding global grievances and local ferocities are still one-sided in many cases, which causes ever more fighting and insurgence. This project aims to fill in existing lacunas in the area of understanding issues underlying the current global conflict trend, many of which have long been in the shadow of research and policy-analysis internationally. This book project sheds light on complicated and long-term issues, such as revival of authoritarianism, crucial transformation of peacekeeping concept, rising security and strategic issues of small states, as well as security challenges presented by\to new international grouping such as BRICS. An intentionally diverse scope of this project allows to bring along such issues as Islamophobia and the prospects for Christian-Muslim dialogue, the scope, essence and consequences of international sanctions to manage international disputes, as well as the issue of a failed state. The geographical scope of this project ranges from North Korea to Somalia, and from Russia to Brazil. This project aims to educate all interested in the underlying fundamental long-term reasons of current political conflicts worldwide and to provoke debate on many issues that are still considered “second priority level”, though they provide even stronger basis for the current conflict-prone situation in the world. This book project aims to satisfy the need of in-depth analysis and expertise on issues of international sanctions, revival of authoritarianism, failure of state, formation of new international organizations, changing essence of peacekeeping in conflict-prone areas and globally, new contexts for Muslim-Christian dialogue and it successes and failures, as well as lesser-known contexts of strategic choices of small states.
The authors: Francesco Giumelli, Mitchell Belfer, Hanna Shelest, Piskunova Natalia, Gracian Cimek, Yefimova Anna, Bekkin Renat, Solkin Victor, Sarah Rial, Esther Sule.
The article raises questions of influence of the western sanctions on the market of real estate in Russia. The most vulnerable segments of the market of real estate are allocated and negative consequences of sanctions for all branches are analyzed. The opinions of experts are given. Alternative options of development of segments of the market are formulated and possible anti-recessionary scenarios are offered.
Can Anti-Russian sanctions achieve its goal, i.e. have an impact on Russian autorities political position? Ther are different opinions over this question. Russian people do not believe it could be realistic. Nevertheless, Russian economy remains vulnerable.