The impact of the economic and financial war with Russia on the functioning of the western economy

In the current confrontation between Russia and the broadly understood West, we are not only dealing with military struggles. It can be said that military operations in Ukraine are just one element of the global confrontation. Economic and financial operations are at the forefront, which are intended to inflict losses on the opponent, forcing them to make concessions or even capitulate. The aim of the article was to draw attention to the threats that Western countries may face, directly or indirectly involved in conducting economic activities. It indicates what threats may appear in the economic and financial spheres. It turns out that some of these threats may result from deliberate counteraction by the opponent (in this case the Russian Federation), and some may arise in connection with the indefiniteness of economic wars, with phenomena in politics, economy, finance, etc. that are difficult to predict. Sometimes we are not fully able to predict what consequences prohibitive tariffs and sanctions that were to hit our opponent will have for us.

Publication Details

Journal
SHILAP Revista de lepidopterología
Published
2024-12-01
Primary Topic
Economic Sanctions and International Relations
Type
article
Field-Weighted Citation Impact
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article

The impact of the economic and financial war with Russia on the functioning of the western economy

SHILAP Revista de lepidopterología
Economic Sanctions and International Relations
article

The impact of the economic and financial war with Russia on the functioning of the western economy

article en

Abstract

In the current confrontation between Russia and the broadly understood West, we are not only dealing with military struggles. It can be said that military operations in Ukraine are just one element of the global confrontation. Economic and financial operations are at the forefront, which are intended to inflict losses on the opponent, forcing them to make concessions or even capitulate. The aim of the article was to draw attention to the threats that Western countries may face, directly or indirectly involved in conducting economic activities. It indicates what threats may appear in the economic and financial spheres. It turns out that some of these threats may result from deliberate counteraction by the opponent (in this case the Russian Federation), and some may arise in connection with the indefiniteness of economic wars, with phenomena in politics, economy, finance, etc. that are difficult to predict. Sometimes we are not fully able to predict what consequences prohibitive tariffs and sanctions that were to hit our opponent will have for us.

SHILAP Revista de lepidopterología
Openalex Percentile: Top 27%
Economic Sanctions and International Relations
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