ANALYSIS OF THE REGIONAL DEVELOPMENT IN THE FAR EASTERN FEDERAL DISTRICT UNDER EXTERNAL SANCTIONS

The article is devoted to the analysis of the key development indicators of the Far East subjects of the Russian Federation against the background of changes in the external environment in 2022 under the influence of external sanctions. In recent years, special attention has been paid to the development of the Far East and the Arctic in the Russian Federation. Strategic documents were adopted and additions were made to state and municipal programs for the development of municipalities of the Far Eastern Federal District. A review of the economic literature of Russian and foreign studies on the topic of research over the past ten years shows that crises arise for various reasons. The prerequisites for the crisis may be liquidity of the financial system, tax, credit, accounting policy, fluctuations in the foreign exchange markets and in the securities market and other factors. In addition, there is a cyclical crisis. Crises have consequences on the socio-economic development indicators of the region, municipality and subjects of the economic system due to economic and political decisions. Since the focus of development is shifting to the east of Russia, it is important to assess the sensitivity after February 2022 of the package of sanctions against the entire economy of the Russian Federation in the context of the economic indicators of the Far East. The scientific novelty of the article lies in the development of recommendations for the regions in overcoming the effects of external sanctions, based on the analysis of regional statistics of the subjects of the Far Eastern Federal District for the period from January to July 2022. Based on two indicators (the industrial production index and the production index), the leading regions are identified and their regional policy in the Far East is evaluated. The conclusion is made that in the short term (over the analyzed period) the sanctions have not affected the sustainability of socio-economic systems in the subjects of the Far East. The practice of measures taken by regional authorities in the leading regions of the Far East is analyzed. Conclusions are drawn for maintaining the sustainability of the economic situation.

structure of the Russian economy, regional economy, crisis, sanctions, industrial production index, economic development, growth factors, external environment, economic situation, cyclical nature of economic systems

Mikhailova A. V. Analysis of the regional development in the Far Eastern federal district under external sanctions. Business. Education. Law, 2022, no. 4, pp. 126—132. DOI: 10.25683/VOLBI.2022.61.466.