Economic boomerang of anti-Russia sanctions for the EU

The subject of this article is to study the preconditions of the current economic crisis, aggravated by the EU sanctions against Russia and to ground simple but radical measures that would enable gas prices self-adjustment, based on the oil and gold prices. Introduction of economic sanctions against the industries that do not directly affect the gas price, contradicts the essential laws of fundamental economic theory set forth in the works by Nobel prize winners for economics and other world-recognized experts. The sanctions eliminated the possibility of investments in major gas export projects. It is recognized that the measures for economic optimization reduce to detecting a national product that would allow to maintain the welfare of the society through achieving maximum usefulness of the product when it is sold abroad. Introduction of gold indexation as a tool of long-term business planning that meets the interests of both a buyer and a seller is considered. The formula for a price for the strategic product (gas) under the unfavorable factors that negatively affects the country’s macroeconomics is derived. Based on the empirical and numerical values of Harrington’s desirability function, a software product is developed, which, when the export gas price for a certain state is calculated, takes into account a gold price over the last ten years and the integral multiplier that includes all factor multipliers. The interface of the software product to calculate gas price is presented. Thus, the proposed method is based not on individual preferences of a gas-exporting country, but on scientifically grounded provisions of the economic science developed by the world’s leading economists.