Volltext herunterladen
(1.754 MB)
Zitationshinweis
Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-94184-2
Export für Ihre Literaturverwaltung
Sanctions risks and regional development: Russian case
[Zeitschriftenartikel]
Abstract Economic sanctions and countersanctions are expanding worldwide, posing spatially heterogeneous threats to most countries. The study aims to develop and test a methodology for assessing regional exposure to sanctions risks using Russian data. The share of foreign trade with the countries that introd... mehr
Economic sanctions and countersanctions are expanding worldwide, posing spatially heterogeneous threats to most countries. The study aims to develop and test a methodology for assessing regional exposure to sanctions risks using Russian data. The share of foreign trade with the countries that introduced restrictions can be used to evaluate the exposure to new trade barriers. In several cases, this share exceeded 50 %, necessitating a rapid reorientation of product flows in Nenets, Khanty-Mansiysk Autonomous Areas, Komi, and Murmansk region. The Kaliningrad, Kaluga, and Leningrad regions exhibit high import dependence in the production sector, particularly in the automotive industry, due to their active involvement in global supply chains. Sanctions against large legal entities created risks for the stability of regional economies but the increase in demand for domestic products offset this impact. Foreign enterprises exiting the market posed risks of disrupting production chains but also provided opportunities for local business development. Before some countries introduced sanctions, their companies had held more than 20 % of the market share in Kaluga, Moscow region, and the city of Moscow. However, the share of foreign firms that announced complete withdrawal exceeded 5 % of the market only in the Komi, Samara, Leningrad, and Moscow regions. An integral index of exposure was proposed based on the mentioned indicators. Its value is lower for the regions with a more diversified economy and foreign trade. The greatest risks were observed in the closely connected to the European Union northwestern territories of Russia: Karelia, Komi, Kaliningrad, Leningrad, and Arkhangelsk regions. In 2022, regions with a high index value were more likely to experience a decline in economic activity, but in 2023, this impact was less explicit due to economic adaptation and transformation. Based on the results of the study, some recommendations can be formulated.... weniger
Thesaurusschlagwörter
wirtschaftliche Sanktion; Russland; Auswirkung; Handelshemmnis; Import; Außenhandel; regionaler Vergleich; Nachfrageentwicklung; Wirtschaftsentwicklung
Klassifikation
Volkswirtschaftstheorie
Freie Schlagwörter
import dependence; exit of foreign companies; economic security; resilience
Sprache Dokument
Englisch
Publikationsjahr
2024
Seitenangabe
S. 23-45
Zeitschriftentitel
Baltic Region, 16 (2024) 1
DOI
https://doi.org/10.5922/2079-8555-2024-1-2
ISSN
2310-0524
Status
Veröffentlichungsversion; begutachtet (peer reviewed)