Why the Russian Economy Has Coped with Western Sanctions Pressure

This article attempts to answer the question of why the Russian economy has been able to withstand and adapt to the unprecedented sanctions imposed by Western countries, whose economies are many times larger than Russia’s. The authors hypothesize that this is due to the following factors: the nature of the Russian economy, the effectiveness of government and economic actors’ actions in these challenging circumstances, and the global economic system’s response to the sanctions imposed on Russia. To do this, the following parameters were analyzed: the volume of nominal GDP and the value of GDP by PPP, the structure of the national economy (the share of real production of goods in industry, construction, and agriculture), the size of the national debt and the debt burden in the form of payments on the national debt to GDP, the main export flows, and the state of the balance of payments in Russia and the G7 countries. On the basis of the numerous empirical material presented in the article (some of which was first introduced into scientific circulation in Russian publications), the analysis of the features of the Russian economy and its place in the world division of labor, the reaction of the world economic system to numerous illegal sanctions against Russia, the hypothesis expressed by the authors was confirmed.