Russia’s Gold Mining Industry: Sanctions Shocks

نویسندگان

چکیده

The deliberate fragmentation of the world market as a result establishment global sanctions regime provoked complete transition both Russian and entire economy to non-stationary modes operation, one fundamental features which are deformations monetary financial system, only two years ago seemed have no alternative based on US dollar. One consequences these events is objective strengthening role gold basis for stability national reserves single base in plurality means payment. source replenishing mining, especially modern Russia, Western effectively cut off from trade gold. Russia has traditionally been leaders terms resources, ranking third production. Gold production increased by factor 1.5 2012–2021, facilitated growth rate price relative due rise dollar exchange after 2014. At same time, share Russia’s foreign three times smaller than that developed countries. This article discusses problems localised regions Far East Siberia, its impact socio-economic development country’s economy. circulation precious metals, including gold, assessed. authors assess effects external macroeconomic policy Central Bank volatility ruble production, structure consumption, economic situation mining industry

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ژورنال

عنوان ژورنال: ???????????????? ?????????

سال: 2023

ISSN: ['2587-5957', '1815-9834']

DOI: https://doi.org/10.14530/se.2023.2.070-093