Assessment of Russia's policies in the face of Western sanctions on its oil and gas industries (2022-2024)

Articles in Press

Document Type : Research Paper

Authors

1 Department of Economics and Political Sciences, Shahid Beheshti University, Tehran, Iran

2 PhD student in International Relations, Shahid Beheshti University

Abstract

Following the outbreak of the Ukraine war in 2022, the West imposed severe sanctions on Russia’s energy sector in an effort to curtail the country’s export capacity. This study, employing a mixed qualitative-quantitative methodology within the conceptual framework of sanctions, examines Russia’s policy responses to these external pressures. The central research question addresses which strategies Russia adopted and whether they proved effective. The hypothesis posits that four key policies—counter-sanctions, pivot to Asia, currency empowerment, and technological protectionism—contributed to strengthening Russia’s economic resilience. The findings indicate that, despite an initial decline in energy exports and revenues, Russia managed to mitigate much of the sanctions' adverse impact through market diversification, reduction in currency dependency, domestic technological substitution, and leveraging energy resources as a counter-pressure tool. Consequently, Russia’s new economic strategies not only proved effective but also offer a significant case study in responding to international sanctions.

Keywords

World Politics

Articles in Press, Accepted Manuscript
Available Online from 18 August 2025

Files

Share

How to cite

Statistics