Sanctions and Trade Wars as Indicators of Transformation of the World Economy. Opportunities for Russia

DOI: 10.20542/0131-2227-2019-63-2-13-20

E. Telegina (,
Gubkin Russian State University of Oil and Gas (National Research University), 65, Leninsky Prosp., 119991, Moscow, Russian Federation;
G. Khalova (,
Gubkin Russian State University of Oil and Gas (National Research University,) 65, Leninsky Prosp., 119991, Moscow, Russian Federation


The article highlights the principal trends in the development of the world economy in 2010–2017. Recently the economies of developing countries in South and Southeast Asia, a number of countries in Africa and Latin America are showing notable progress. At the same time, in most countries in Europe and in the United States GDP growth rates remain below the world average. The authors examine the causes of the new trade wars. Trade war is a form of struggle for economic hegemony, such wars have been waged for many years. The toughening of competition for resources, markets and the possession of production and technological capabilities launched a new round of protectionist sentiment between the largest participants in world trade. It is shown that due to attempts to maintain leadership in the world economy and politics, a number of countries turn out to be the main source of negative phenomena and risks. In the case of China, the United States uses mainly the regulatory and economic levers of influence, however, Russia is the main addressee of the US political influence, primarily in the form of sanctions. Authors have analyzed the sanctions policy of some states. The issues of assessing the direct and indirect economic effects of sanctions have not yet received full coverage in the scientific literature and remain extremely politicized. The article also dwells on the anti-sanction policy of the Russian Federation, its impact on the country’s economy. It is noted that Russia has a number of new opportunities for the development of the national economy. These opportunities are associated with the development of domestic industry, agriculture and services in the framework of import substitution policies.


world economy, trade wars, sanctions, import substitution


1. World Economic Outlook Database 2018. Available at: (accessed 12.10.2018).

2. United Nations Conference on Trade and Development. Available at: (accessed 10.10.2018).

3. United States Census Bureau. Official Webpage. Available at: (accessed 05.10.2018).

4. Trump on trade warfare trail. TASS, 18.09.2018 (In Russ.) Available at: (accessed 18.10.2018).

5. Chinese economy slows down., 15.10.2018 (In Russ.) Available at: (accessed 20.10.2018).

6. Speaker of the House of Representatives of the US Congress spoke out against steel and aluminum duties. TASS, 05.03.2018 (In Russ.) Available at: (accessed 11.07.2018).

7. World Population Report. United Nations Population Fund, 2010. (In Russ.) Available at: (accessed 10.10.2018).

8. World Population Report. United Nations Population Fund, 2017 (In Russ.) Available at: (accessed 10.10.2018).

9. Countering America’s Adversaries through Sanctions Act (CAATSA). U. S. Department of Treasury. Available at: (accessed 11.09.2018).

10. Chilkoti A. U.S. Sanctions Give Russian Economy an Unintended Boost. Available at: (accessed 09.10.2018).

11. Fischer S. A Permanent State of Sanctions? SWP Comments 11. Berlin, Stiftung Wissenschaft und Politik, April 2017. Available at: (accessed 01.05.2018).

12. Russia is able to withstand any new US sanctions. RIA, 06.08.2018 (In Russ.) Available at: (accessed 25.08.2018).

13. St. Petersburg International Economic Forum. 23.05.2014 (In Russ.) Available at: (accessed 20.10.2018).

14. Orders of the Ministry of Industry and Trade of Russia dated March 31, 2015, no. 645–663 (In Russ.) Available at: (accessed 14.10.2018).

15. About the Development Fund of the Russian industry. (In Russ.) Available at: (accessed 05.08.2018).

16. Russian statistical yearbook 2017. Stat. Book. Moscow, Rosstat, 2017. 686 p. (In Russ.)

17. Prospects and strategic objectives for the AIC: Putin in Krasnodar. (In Russ.) Available at: (accessed 12.08.2018).

18. Forecast of socio-economic development of the Russian Federation for the period up to 2024. 01.10.2018 (In Russ.) Available at: (accessed 10.11.2018).

19. PJSC “LUKOIL”. Annual Report, 2017 (In Russ.) Available at:,74 (accessed 11.10.2018).

20. Molodtsov K. Shel’f trebuet zameshcheniya: Rossiiskie neftegazovye kompanii smogut burit’ v lyubom climate [The shelf requires replacement: Russian oil and gas companies will be able to drill in any climate]. Rossiiskaya gazeta – Federal’nyi vypusk, 05.09.2017, № 7365 (199).

21. List of products for import substitution. PJSC Gazprom. (In Russ.) Available at: (accessed 15.09.2018).

22. Khalova G.O., Illeritsky N.I. Obzor sovremennogo sostoyaniya neftyanoi i neftekhimicheskoi otraslei promyshlennosti Irana [Overview of current state of oil and petrochemical industries of Iran]. Innovatsii i investitsii, 2017, no. 9, pp. 56-63.

23. Remarks of Secretary Lew on the Evolution of Sanctions and Lessons for the Future at the Carnegie Endowment for International Peace. U. S. Department of the Treasury Press Center, 30.03.2016. Available at: (accessed 15.07.2018).

24. Norman L. European Governments Explore Financial Channels for Iran. Wall Street Journal, 16.07.2018. Available at: (accessed 13.10.2018).

25. Germany Upholds Export, Investment Guarantees for Iran Business Despite U.S. Pressure. Reuters, 06.08.2018. Available at: (accessed 10.08.2018).

26. Russia and India have found a solution to the problem of payments for arms contracts. Kommersant, 05.10.2018 (In Russ.)] Available at: (05.10.2018).

27. Gazprom has signed cooperation development documents in Iran. PJSC Gazprom, 13.12.2017. (In Russ.) Available at: (accessed 07.10.2018).

Registered in system SCIENCE INDEX

For citation:
Telegina E., Khalova G. Sanctions and Trade Wars as Indicators of Transformation of the World Economy. Opportunities for Russia . Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2019, vol. 63, No 2, pp. 13-20.

Comments (0)

No comments

Add comment

Current Issue
2021, vol. 65, No. 1
Topical Themes of the Issue:
  • Globalization and Nation-State: Yesterday, Today, Tomorrow
  • Global Value Chains (GVCS) and COVID 19 Pandemic
  • Middle East Conflicts Today: Between Religion and Geopolitics
  • Beijing’s Pain Points – 2 (Glance from Mid 2020)
  • Social Sciences and Global Turbulence: Rebooting the Mainstream
View This Issue (2021, vol. 65, No. 1)
Submit an Article

Dear readers!
Please note that free access to full-text issues of the Journal is being opened at our WEB-site after 6 months of the date of publications.The work on deepening the open archive of full-text issues will be continued.

Dear colleagues, authors and readers!
We kindly request you to turn to editor-in-chief and executive secretary directly concerning reviewing scientific publications in our journal. Only editor-in-chief takes decision on order and publication the reviews!

Dear readers!
This is to inform the researchers of the Institute of World Economy and International Relations that electronic versions of the I, II, III issues of 2020 of French magazine Politique étrangère are now available. Those who are interested, please personally address to the editorial staff of MEMO Journal (room 18-17) with an electronic media.

In response to the challenges of our time the Editorial board continues to open new thematic rubrics:

“World Energy Sector after Pandemic”. We plan to publish articles presenting in-depth analysis of influence of Pandemic on the global energy sector and forecasts of further developments in its various branches.

“Civilization processes of modern development” is a new rubric opened by MEMO Journal in 2020. It will be devoted to the analysis of the influence of civilizational factors and inter-civilizational interactions on the political and socio-economic development of the world at whole, regions and countries.

“Africa today and tomorrow”The rubric devoted to contemporary issues of Africa which is attracting growing interest of the world's leading actors. We plan to publish the articles analyzing the status of statehood, socio-economic and political development of the countries of Black continent, as well as the integration processes between them.


"World Eсonomy and International Relations" announces a contest for the best joint academic publications of domestic and foreign researchers and experts in topical issues of the world economy and international relations. The winners will be selected according to the results of peer reviewing and discussion at the Editorial Board. The articles will be published in priority order.


The print version of “World Economy and International Relations” journal is distributed by advance subscription only, and is not offered for retail sale. To subscribe please address to any post office in Russia by referring to the Federal Postal Service Union Catalogue, section “ARSMI”, the journal index is 70542. The subscription may be made for the whole subscription period or starting from any nearest available month for desired number of issues.

To purchase the full-text electronic version of the journal’s issue/article please address to the WEB portal of Scientific electronic library or URL:

In journal
2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |

The author’s opinions may not coincide with the position of editorial