The impact of anti-Russian sanctions on the global economy and contemporary international economic relations

In 2022, due to sanctions, the world economy suffered seriously. Supplies around the world have become limited. The excessive dependence of countries on each other has shown its drawbacks. This has led to serious problems in trade and economic relations. In addition to economic and technological sanctions, the European Union has also imposed an embargo on energy imports from our country. The European economy also has some difficulties today, including an increase in the cost of energy carriers and a decrease in the growth of production dynamics. Many consumers have started looking for new manufacturers to purchase better quality products. Most of all, Eastern European states and the Baltic States face this situation. At the same time, supply factors play an important role, aggravated by export restrictions imposed by a number of countries. These restrictions affect global food and energy prices. This has become a key determinant of global inflation. The article analyzes the current state of the world economy. The author particularizes the position of the Russian economy in the conditions of sanctions and considers the consequences of sanctions imposed on Russia for the world economy.

world economy, international relations, economic sanctions, international trade, Russia's foreign trade, exports, imports