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Subject. This article examines the essence of international economic sanctions, their application in different periods, and methods for assessing their effectiveness. Objectives. The article aims to find opportunities to overcome the negative consequences of the economic sanctions introduction against the Russian Federation. Methods. For the study, we used the methods of comparative, post-hoc, and factor analyses. Results. The article finds that due to the measures taken both at the level of the State and the business sector, the effectiveness of sanctions turned out to be relatively low. Conclusions. Sanctions help identify the eternal shortcomings of the national economy, which creates conditions for a prompt response and the development of corrective measures.
Ivleva et al. (Mon,) studied this question.