The Division of Continuing Education, in cooperation with the Department of History at the College of Education for Girls, organized an electronic symposium entitled The Impact of Western Sanctions on the Economy of the Russian Federation after the outbreak of the Russian-Ukrainian War
The symposium delivered by Assistant Professor Dr. Muntaha Sabri Mawla
The impact of the sanctions imposed by Western countries on Russia in order to curtail its military role in Europe
The symposium made it clear that Western European countries remedied the sanctions before the outbreak of the war and decided to impose them on Russia if they found that entering into a war with Russia is unlikely, so they decided to impose economic sanctions represented by curtailing Russia's financial resources and freezing its funds in four major Russian banks, which affected Russia's investments because of The decline of the ruble and the withdrawal of foreign companies, and thus affected the technological sector because of Russia's need to import foreign equipment, which was banned by European countries, or because of the high customs tariff
The researcher concluded that Russia faced these sanctions and reduced their effects by imposing the Russian ruble in transactions for the sale of oil and gas, which entitled it to profits. It also began exporting oil and gas to China and India as an alternative to Western European countries.
As for what Western countries achieved by imposing these sanctions, they were able to deter Russia and limit the scope of the war and prevent it from expanding to the Baltic states, especially Poland
