The Russian external debt under sanctions
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| További közreműködők: | |
| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | budget deficit debt burden default economic growth external debt financial markets international reserves sanctions sustainability |
| Online Access: | http://dolgozattar.uni-bge.hu/41678 |
| Kivonat: | Russian external debt has been subject to foreign sanctions since the escalation of the military conflict in eastern Ukraine in 2014. Limited access to the external capital market and the outbreak of the crisis in Russia immediately resulted in a sharp decrease in its external debt. In recent years, Russian external debt has been gradually decreasing. Meanwhile, the debt remained sustainable, and the country was solvent due to growing international reserves and export earnings. Despite being cut off from foreign financial markets, the Russian economy experienced an economic growth. For these reasons, the purpose of the thesis work was devoted to analysis of the main characteristics of external debt from the standpoint of what impacts were brought by foreign financial sanctions. The main finding is that the targeted financial sanctions interact with other factors (gas and oil prices, interest rates, budget deficit, the balance of payments, etc.) and hence, it is difficult to isolate the impact of sanctions from them. So, the main conclusion of the thesis is that the comprehensive effect of foreign financial sanctions and domestic economic factors has contributed to imposing costs on the Russian economy. |
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