Scientific Journal of KubSAU

Polythematic online scientific journal
of Kuban State Agrarian University
ISSN 1990-4665
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Name

Bukharitsyna Irina Evgenievna

Scholastic degree

—

Academic rank

—

Honorary rank

—

Organization, job position

Kuban State University
    Czech University of Life Sciences Prague
   

Web site url

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Email

aboutathing@yahoo.com


Articles count: 1

392 kb

EUROPEAN SANCTIONS AND THEIR INFLUENCE ON RUSSIAN FOREIGN TRADE IN CRUDE OIL (CASE STUDY OF NOVOROSSIYSK COMMERCIAL SEA PORT)

abstract 1281704042 issue 128 pp. 575 – 590 28.04.2017 ru 543
This article focuses on crude oil trade development between Russian Federation and European Union with relation to port of Novorossiysk performance for the period of 2010-2015 taking into consideration restrictive measures imposed by European Union. Literature review on the topic of economic sanctions on Russia and other countries and impact of these measures on economy of these countries is given in the article. After analysis of crude oil trade volumes between Russia and European Union through port of Novorossiysk it is possible to conclude that decrease in crude oil trade started two years before the introduction of restrictive measures. Current values of international trade indicators can be under significant influence of sanctions, but the general trend of decline started before that, and this trend can be connected with other then political factors. Another conclusion is the fact that sanctions made an impact on growth of crude oil turnover, but at the same time this indicator was negative for almost a decade before, making it possible to consider the factor of sanctions as significant, but not decisive
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