The Russian Federation within the Global Hierarchy of Great Powers. Consequences of International Sanctions

The Russian Federation is one of the world's major economic actors and is also an important pole of political and military power. The purpose of this article is to highlight to what extent the international sanctions imposed on this state as a result of the illegal annexation of Crimea (in 2014) had an economic impact on its positioning in the global hierarchy of great powers. Our analysis will focus on two major issues: the impact on trade flows and on FDI from sanctioning countries. The final part of our analysis will highlight the prospects of the Russian economy, especially in terms of maintaining its power in the international arena.