MECHANISMS FOR THE DEVELOPMENT OF FOREIGN TRADE ACTIVITIES IN THE URALS FEDERAL DISTRICT IN THE CONTEXT OF SANCTIONS RESTRICTIONS-Reference-Cited by-同舟云学术

MECHANISMS FOR THE DEVELOPMENT OF FOREIGN TRADE ACTIVITIES IN THE URALS FEDERAL DISTRICT IN THE CONTEXT OF SANCTIONS RESTRICTIONS

Published:2024-05-04 Issue:1 Volume:10 Page:163-176
ISSN:2414-4649
Container-title:International Trade and Trade Policy
language:
Short-container-title:International Trade and Trade Policy

Author:

Krasnykh S. S.¹

Affiliation:

1. Institute of Economics, Ural Branch of Russian Academy of Sciences

Abstract

The Ural Federal District (UrFO) is one of the most important economic administrativeterritorial units of the Russian Federation. The main branches of specialization of the Ural Federal District are oil and gas production, mining, metallurgy and mechanical engineering. In recent years, the region has faced significant difficulties due to economic sanctions imposed by Western countries. In this regard, the purpose of the study is to analyze the foreign trade activities of the Ural Federal District and develop mechanisms for its development. The tasks of the Ural Federal District include to determine the trade structure, main consumers and suppliers in order to identify the most affected sectors of foreign trade activities from the imposed sanctions; to develop mechanisms for the development of foreign trade activities of the Ural Federal District in relation to each of the regions that make up it. The study revealed that in 2021 the Ural Federal District's foreign trade relations were mainly with unfriendly countries, which currently restrict exports and imports of the Russian Federation. Taking into account the peculiarities of the region, the author proposed the following mechanisms for the development of foreign trade activities of the Ural Federal District: export diversification, orientation to hightech industries, development of transport and digital infrastructure, promotion of small and medium-sized export-oriented enterprises, state support.

Publisher

Plekhanov Russian University of Economics (PRUE)

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