ANTI-RUSSIAN ECONOMIC SANCTIONS: CONSEQUENCES AND COUNTERACTION

Background. In recent decades, the sanctions policy has acquired special importance in international competition, which is why the issue under study is relevant. The purpose of the study is to identify the consequences and identify measures to counter economic anti-Russian sanctions. Materials and methods. The research was based on methods of descriptive analysis, systematic analysis, unity of historical and logical, comparative analysis, factual data on economic sanctions and counter-sanctions imposed on Russia by Russia, official statistical data on Russia's foreign economic activity (export and import indicators for 2014–2023). Results. Based on the analysis, the sectors and branches of the Russian economy most affected by sanctions have been identified, and the tasks and directions of economic development of the domestic economy in the context of sanctions pressure from foreign countries have been identified. Conclusions. The international economic sanctions imposed on Russia have both a negative impact on the domestic economy and create incentives and opportunities for its development and sustainability and self-sufficiency based on import substitution and diversification of production and foreign economic relations.