Socio-economic development under pressure of sanctions

The paper analyses the socio-economic development of the Komi Republic and Russia as a whole for the period of 2014–2024 in the context of external pressure of sanctions. Three crisis waves have been identified: 2014–2019 – the beginning of sanctions related to the territorial transformation in Ukraine; 2020–2021 – economic complications caused by the SARS-CoV-2 coronavirus pandemic; 2022–2024 – the beginning of a special military operation. The paper illustrates the general dynamics of economic development for the entire period under study. The results of the socio-economic development of the Komi Republic in 2024, in comparison with all-Russian indicators, are highlighted in more detail. The data on industry, agriculture, retail trade, construction, and investments in fixed assets are presented in short. The article describes the situation on the labor market, in the field of pricing and budget execution. In spite of the strong pressure of sanctions and difficult financial and economic conditions, the Russian economy is able to cope with external challenges and, in the future, enter the trajectory of sustainable development.