Authors

Poling Xu¹;  ¹ Institute of Russian, Eastern European and Central Asian Studies, Chinese Academy of Social Sciences, 中国

Discussion

The Russian economy has maintained rapid growth under sanctions. From the perspective of the impact of sanctions, Russia has been excluded from the SWIFT settlement system, and its energy, technology, capital and industrial chain supply chain relations with Europe have been cut off. This has brought a huge impact on the Russian economy. However, Russia has effectively responded to the impact of sanctions, and its economy has shown great resilience, and has achieved a re-industrialization revival with the stimulus of military orders. At the same time, Russia has not been isolated, and many countries are unwilling to take sides and have not participated in sanctions against Russia. These countries have become partners for Russia to reorganize the international market. The performance of Russia's economic growth under sanctions proves that sanctions are not always effective. Sanctions need to meet three conditions to work: first, the scale of the sanctioned country is not large enough, there is no relatively complete industrial system and the resource self-sufficiency is relatively weak; second, the sanction-implementing entity has huge monopoly power and can achieve an effective blockade of the sanctioned object; or, third, the sanction-implementing entity can establish a broad sanctions alliance, and the sanctions alliance has monopoly power in global governance