Revista OEconomica

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Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Saeed AHMED

Academia de Studii Economice din Bucureşti

Radu-Cristian MUŞETESCU

Academia de Studii Economice din Bucureşti

The Russia-Ukraine conflict has created uncertainty in financial markets all over the world and has set off turmoil in global economy with high inflation rates. Sanctioning and excluding Russia from Society for Worldwide Interbank Financial Telecommunication (SWIFT) might temporarily setback its economy and devalue its currency, which will not only affect the region, but it may also pose a threat on the entire world as far as food security is concerned due to disruption in the supply-chain. It was believed that Russia might bend its knee due to the sanctions imposed by the United States, the United Kingdom and the European Union. Despite all predictions though, Russia has found ways to defy these sanctions wisely and to multiply its revenue. The purpose of this paper is to evaluate whether Russia manages to outsmart the sanctions imposed on it or not and if yes, to what extent? Furthermore, it examines in detail the oil price and revenue, as well as commodities price before and after the aggression against Ukraine, with a focus on Russia’s response with respect to these constraints.

ŒCONOMICA no. 1/2023

Keywords: trade, economic nationalism, political sanctions, international conflict, Russian-Ukrainian war

JEL: F01, F51, G01, K33, O52

How Russia Is Beating the Sanctions Associated With Its War Against Ukraine

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