Search by keyword: economic sanctions

THE IMPACT OF SANCTIONS ON THE STANDARD OF LIVING OF THE RUSSIAN POPULATION: OBJECTIVE CONSEQUENCES AND SUBJECTIVE PERCEPTION

   Since 2014, sectoral sanctions against Russia have had an extremely contradictory impact on the Russian economy, however, starting from 2022, there has been an increase in the scale and number of restrictions imposed. Despite this, macro­statistics confirms the insufficiency of the ratio of planned and actual effects of sanctions pressure, which, despite the attempt to imp­lement the “smart sanctions”, was also intended to affect the deterioration of the standard of living of the Russian population. The goal of the paper is to characterize the effects of the imposition of sanctions on certain parameters that make up the standard of living of the Russian population, both from objective (based on macroeconomic statistics) and subjective (assessed by survey results) points of view.
The hypothesis of the study lies in the insufficient effectiveness of the impact of sanctions restrictions from “unfriendly countries” on the Russian population in terms of possible provocation of an increase in protest activity. The pub­lication uses statistical methods, content analysis of academic publications, and elements of institutional analysis. The main scientific result of the work is a contribution to the academic discussion on the impact of anti­Russian sanc­tions on the Russian economy in relation to their effectiveness. In particular, it is shown that, both according to statistical indicators characterizing the standard of living and according to survey data, the effectiveness of the impact of sanctions is objectively insufficient to provoke protest activity.

Savelyev I. I. sii-33@mail.ru.

Kapoguzov E. A. egenk@mail.ru.

Keywords: human potential population surveys economic sanctions welfare standard of living