Consequences of sanctions pressure  for entrepreneurship in Russia

I. A. Yunusov; Lenar Yunusov

UDC 334 UDC 338

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CONSEQUENCES OF SANCTIONS PRESSURE FOR ENTREPRENEURSHIP IN RUSSIA Consequences of sanctions pressure for entrepreneurship in Russia

АА Аа

Published in Journal of Management Studies · Volume 9, Issue 3 · Pages 56–64 · Rubric: Management

Received: 19.04.2023 Accepted: 16.05.2023 Published: 01.08.2023

Authors

I. A. Yunusov

Lenar Yunusov

ORCID Scopus

I. A. Yunusov

Academic degree: candidate of economic sciences

Kazan National Research Technical University named after A.N. Tupolev Associate Professor · Department of Economic Theory and Resource Management · Kazan

Lenar Yunusov

Academic degree: doctor of economic sciences

Science rang: professor

Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation Professor · Department of Management, Marketing and foreign economic activity · Russian Federation · Moscow

ORCID Scopus

ABSTRACT

The relevance of the presented study is determined by the fact that the sanctions pressure since 2022 has been unprecedented. On the one hand, in addition to restricting imports and restricting access to foreign loans, there was an outflow of foreign companies from the Russian Federation. On the other hand, the current situation has opened up opportunities for the Government of the Russian Federation to ensure import substitution, and for Russian business it has provided access to new sectors. However, not all of these opportunities have been fully realized. The purpose of the presented study is to study the consequences of sanctions pressure on entrepreneurship in Russia in the interests of finding ways to overcome their negative impact. The novelty of the results obtained lies in demonstrating that the depreciation of the ruble against major currencies, the restriction of imports and the withdrawal of foreign companies from the Russian Federation opened up unique opportunities for Russian businesses in terms of developing their own production and further exporting products.

KEYWORDS

sanctions, import, export, entrepreneurship, Russia, CIS countries

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Otvetstvennyy redaktor

Elena Titova

titova_en@infra-m.ru

chief editor

Alexey Tebekin

tebekin@gmail.com

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CONSEQUENCES OF SANCTIONS PRESSURE FOR ENTREPRENEURSHIP IN RUSSIA Consequences of sanctions pressure for entrepreneurship in Russia

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