JCR Category: Business in ESCI edition

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2023) 1.2 Q4
Journal Citation IndicatorTM (2023) 0.33 Q3
Received: 2019-01-20  |  Accepted: 2019-04-10  |  Published: 2019-06-30


Economic sanctions and import substitution


The article focuses on the economic sanctions theory development in the modern global economy. The content of the economic sanctions theory and practice transformation under the influence of internationalization and globalization of markets for goods and services is disclosed. The study analyzes the economic content of sanctions. The goals and grounds for imposing sanctions are defined. The authors classify the types and forms of economic sanctions applied in the modern global economy. The conditions for achieving an impact of economic sanctions are formulated. The attempt is made to assess the economic efficiency of sanctions and their counter-sanction measures. The losses and consequences, both for the countries imposing the sanctions and for countries under pressure, are identified. Factors affecting the distribution of losses from the imposition of economic sanctions are disclosed. The main directions of the economic sanctions content and application practice transformation in the global economy are identified.


economic and political sanctions, embargo, import substitution, motives, goals, loss, consequences, sanctions pressure, countries subject to sanctions, countries imposing sanctions

JEL classifications

F13 , F42 , F51






The reported study was funded by RFBR according to the research project № 18-010-00607

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License


Vorotnikov, Igor Leonidovich
Saratov State Vavilov Agrarian University, Saratov, Russian Federation
Articles by this author in: CrossRef |  Google Scholar

Sukhanova, Irina Fedorovna
Saratov State Vavilov Agrarian University, Saratov, Russian Federation
Articles by this author in: CrossRef |  Google Scholar

Lyavina, Mariya Yuryevna
Saratov State Vavilov Agrarian University, Saratov, Russian Federation
Articles by this author in: CrossRef |  Google Scholar

Glukhova, Marina Ivanovna
I.M. Sechenov First Moscow State Medical University, Moscow, Russian Federation
Articles by this author in: CrossRef |  Google Scholar

Petrov, Konstantin Aleksandrovich
Saratov State Vavilov Agrarian University, Saratov, Russian Federation
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues





Issue date

June 2019

Issue DOI


ISSN 2345-0282 (online)


VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania


Google Scholar

Article views & downloads

HTML views: 4339  |  PDF downloads: 1659


Baldwin, D. A. 1971. The Power of Positive Sanctions, World Politics, 24(1): 19–38.

Search via ReFindit

Borisovskaya, K. A. 2015. Ekonomicheskie interesy Rossii i otsenka importo-zameshcheniya prodovol'stviya v usloviyakh sanktsii [Russian economic interests and assessment of food import substitution under the sanctions], Vestnik Rostovskogo gosudarstvennogo ekonomicheskogo universiteta RINKh 3(51): 69–76.

Search via ReFindit

Expert online. 2016. Khoteli sanktsii? [Did you want sanctions?]. Available on the Internet:

Search via ReFindit

Finogentova, O.; Tokarev, V.; Petrenko, M.; Primak, T. 2018. Acceptance criterion of state coercion in contemporary society, Entrepreneurship and Sustainability Issues 6(2): 820-829.

Search via ReFindit

Galtung, J. 1967. On the Effects of International Economic Sanctions: With Examples from the Case of Rhodesia, World Politics 19(3): 378–416.

Search via ReFindit

Gurvich, E. T.; Prilepskii, I. V. 2016. Vliyanie finansovykh sanktsii na rossiiskuyu ekonomiku [The impact of financial sanctions on the Russian economy], Voprosy Ekonomiki 1: 5–35.

Search via ReFindit

Hufbauer, G. C.; Schott, J. J.; Elliot, K. A.; Oegg, B. 2009. Economic Sanctions Reconsidered. 3d ed. Washington, D.C.: Peterson Institute for International Economics.

Search via ReFindit

Klimova, N. I. 2016. “Ekonomika sanktsii” kak oblast' nauchnykh issledovanii: teoreticheskie osnovy i polozheniya [“Economy of sanctions” as an area of scientific research: theoretical basis and provisions], Fundamental'nye issledovaniya 5–2: 357–361.

Search via ReFindit 2015. Vklad sanktsii v padenie rossiiskogo VVP otsenili v 10 protsentov [The contribution of sanctions in the fall of Russian GDP was estimated at 10 percent]. Available on the Internet:

Search via ReFindit

Madies, Th.; Laurila, H.; Golliard, M. 2013. Economic Sanctions: Embargo on Stage. Theory and Empirical Evidence. Fribourg: Universitas Friburgensis, University of Tampere.

Search via ReFindit

Osipov, V. S. 2014. Politicheskaya ekonomiya sanktsii (novaya agrarnaya politika) [The political economy of sanctions (new agrarian policy)]. Vestnik Federal'nogo gosudarstvennogo obrazovatel'nogo uchrezhdeniya vysshego professional'nogo obrazovaniya “Moskovskii gosudarstvennyi agroinzhenernyi universitet im. V.P. Goryachkina” 3: 62-64.

Search via ReFindit

Oxenstierna, S.; Olsson, P. 2015. The economic sanctions against Russia Impact and prospects of success. Stockholm.

Search via ReFindit

Regnum. 2017. Evroeksperty: poteri ES ot sanktsii protiv RF ischislyayutsya milliardami evro [Euro experts: EU losses from sanctions against Russia amount to billions of euros]. Available on the Internet:

Search via ReFindit

RIA Novosti. 2016. Rossiiskie sanktsii okazalis' antizapadnymi [Russian sanctions turned out to be anti-Western]. Available on the Internet:

Search via ReFindit

Russian Federal State Statistics Service. (n.d.). Pokazateli, kharakterizuyushchie importozameshchenie v Rossii [Indicators characterizing import substitution in Russia]. (in Russian). Available on the Internet: #

Search via ReFindit

Shevchenko, A. 2017. Sanktsii Zapada protiv Rossii: kto teryaet bol'she? [Western sanctions: who loses more?]. Available on the Internet:

Search via ReFindit

Shirov, A.; Litovskii, A.; Potapenko, V. 2015. Otsenka potentsial'nogo vliyaniya sanktsii na ekonomicheskoe razvitie Rossii i ES [Evaluation of the potential effect of sanctions on the economic development of Russia and the European Union], Problemy prognozirovaniya 4: 3–16.

Search via ReFindit

Sinyakov, A.; Roitman, A.; Seleznev, S. 2015. Dinamika potentsial'nogo VVP Rossii posle neftyanogo shoka: rol' sil'nogo izmeneniya otnositel'nykh tsen i strukturnykh zhestkostei [Dynamics of Russia's potential GDP after the oil shock: The role of big change in relative prices and structural rigidities]. Moscow: Bank of Russia Publ.

Search via ReFindit

TASS. 2017. Spetsdoklad OON: poteri Zapada ot sanktsii prevysili poteri RF v dva raza [Special UN report: loss of Western sanctions exceeded the losses of the Russian Federation twice]. Available on the Internet:

Search via ReFindit

Tung, C.-Y. 2002. China’s economic leverage and Taiwan’s security concerns with respect to cross-strait economic relation. PhD thesis. Baltimore, MD: Johns Hopkins University.

Search via ReFindit

Zeibote, Z.; Volkova, T.; Todorov, K. 2019. The impact of globalization on regional development and competitiveness: cases of selected regions, Insights into Regional Development 1(1): 33-47.

Search via ReFindit