Sanctional limitations of the west against Russia and Russian contractions: compensation of damages

The features of modern interaction between Russia and countries that have imposed sanctions restrictions against the Russian economy make approaches to estimating the likely losses for the economies of all countries participating in sanction wars very relevant. The main objective of the study is to compare the damage to the economies of the EU countries and Russia from the policy of sanctions restrictions and prohibitions, as well as the impact of Russian food counter-sanctions on the economies of the EU countries and their allies. Sanctions restrictions and their consequences for the economies of the participating countries were chosen as the object of study. The subject of the research is a comparative analysis of the negative impact of sanctions restrictions on the economies of the initiating countries and the countries against which they were introduced. As a methodological basis of the study, methods of collecting and processing statistical information, analysis and comparison of economic indicators, synthesis and comparison of research data were used. As a result of the research, it was possible to establish that the economic damage caused by the imposition of sanctions restrictions must be borne not only by the countries against which they are directed, but also by the countries acting as their initiators. It has been established that, in terms of value, the losses of the Russian economy so far exceed the losses of the economies of the Western countries. However, the introduction of a food embargo by Russia in response to the sanctions restrictions of Western countries has become an incentive for the development and modernization of the domestic agro-industrial complex, as well as solving the problem of import substitution in the food market. Ultimately, it will contribute to improving the food independence and security of our country.