This essay is about the Russia’s economic reaction to confront Western sanctions.
The first sanctions because of Russia’s role in the Ukraine crisis were imposed in March 2014 by the US and the EU in a coordinated manner. This Essay wants to evaluate the Russian counteractions to these Western measures. Therefor the Russian countersanctions will be analyzed briefly, however the focus will be on domestic policy shifts in the Russian economic policy concerning the Finance Sector, the Energy and Defense Industry as the general economy. The essay will conclude with a categorization of the applied measures, a summary, and an outlook.