The Influence Of America And European Union's Sanctions On Russia's Foreign Economy

Since 1990s,the United States began to adopt the method of economic sanctions to force other countries to change their political behavior and intention.On March 11th,2014,the autonomous republic of Crimea announced that it was apart from Ukraine and became a part of Russia.The United States and the European Union accused that Russia incited Crimea to be apart from Ukraine so the United States and the European Union carried out several rounds of economic sanctions to Russia in the aspects of energy,finance and military.As Europe and the United States began to carry out economic sanctions against Russia,Russia's economy became worse and worse.Europe and the United States adopted the most stringent economic sanctions for Russian to limit its petroleum energy export.Russia's petroleum energy export accounted for more than 50%of Russia's total export.Therefor,economic sanctions on the domestic petroleum energy make the trade worse.Export is one of the main ways of economic growth,Thus,Russia's economy is greatly affected by the European and American economic sanctions.The existing literature is mainly based on the perspective of the theoretical analysis,the European and American economic sanctions on Russian trade and discusses the influence of economic research.While few scholars discuss the problem from the perspective of quantitative analysis.Therefore,this paper is based on the perspective of quantitative analysis of the European and American economic sanctions on Russia's trade and economy.The paper is based on the outline of "literature review analysis the effects of economic sanctions-the actual influence which made by the sanctions counterm easures".This thesis structure arrangement is as follows including seven parts.The first part is an introduction.This part includes a summary in this paper,the research background and its significance.The historical development of the economic sanctions is described in this part.Moreover,it puts forward the research framework of this article,the literature review.The second part is about the theoretical analysis.This section is to define the concept of economic sanctions and describe its characteristics,basic measures and the effects of economic sanctions.Besides,the three main theories which are used to discuss the sanction are listed in this part.The third part is about the reasons and measures of European and American sanctions against Russia's economic.United States'specific policy such as energy,currency on Russia's economy.The influence of economic sanctions is discussed.Chapter 4 elaborates the initial economic performance of Russia before the economic sanctions,especially the performance of the trade.To compare with the performance after the economic sanction,this part illustrates the import and export of Russia.Chapter 5 describes the existing performance of Russia after the economic sanctions and analyzes the performance of the trade,GDP,currency and investment.Based on the comparison between the former performance and latter performance,the paper will discuss the influence of the economic sanctions by the European Union and the United States.Chapter 6 illustrates the countermeasures for Russia to make response to the European and America's economic sanctions.Economic diversification,expanding economic cooperation with Asian countries and the economic cooperation with China from the aspect of the trade,energy,financial and other cooperation are put forward to face the problem.Chapter 7 summarizes the full paper and gets the conclusion.After the study of the economic sanctions "by America and the European Union,it is concluded that:(1)The European and the U.S.'s trade sanctions on Russia limit the export of petroleum energy.Thus,the Russian energy exports have fallen sharply and overall export trade volume decreased;(2)Russia's energy export is one of the main powers of its economic growth.After the sanctions,Russian economic growth stopped growing:(3)The European and American financial sanctions against Russia include the financing restrictions on Russian energy industry.This,after the sanctions Russian investment absorption ability declines.The innovation of this article includes the following two aspects:(1)Motives to explain the European and American economic sanctions against Russia is diversified;(2)The domestic data of web site is used to quantitatively study the issue and compared with the existing literature it is more figurative and vivid.