Features of conducting foreign economic activity of the Subject of the Federation (on the example of the Vladimir region)

Abstract

Political and economic events, which have happened in the world, influence the economy of the region and of the country, as a whole, ambiguously. Some Western countries imposed their economic sanctions against our country. Our country took protective response measures. The article provides the analysis of the Vladimir region foreign trade potential under sanctions. A classification of sanctions is suggested, which includes all key instruments of impact on the states and regions. It shows the tendencies and features of generating the world experience of applying sanction policy. There being conducted a complex analysis of the Vladimir region foreign trade activity in the period of 2014-2020; this being the basis for identifying the problems which have occurred as a result of imposing sanctions by the countries of Western Europe and USA. According to the identified issues the areas for the development of Vladimir region foreign trade potential under sanctions are proposed.