The Impact of Russian Federation economic embargo on the Central and Eastern European countries business environments
LTReikšminiai žodžiai: Embargas; Verslo aplinka; Economic Embargo; CEE Business Environments; Rusija (Russia).
ENThe prolonged geopolitical crisis between the Russian Federation and Ukraine and the following Russian economic embargo has obvious consequences both at the political and economic level. Specifically, the embargo for EU countries’ production has tremendous impacts for Central and Eastern European (CEE) countries’ economies in terms of a sharp decrease in exports. Furthermore, it has touched producers from practically all existent industries. Consequently, uncertainty and huge risk in the financial sector (volatile of currency, risk investments) probably could cause stagnation in markets at least in short time perspective. The main purpose of this scientific paper is to examine the impact of Russian and Ukraine geopolitical crisis and the following Russian economic embargo on the CEE business environments and to attempt to foresee the future market trends. The methods include literature analysis and synthesis, data analysis and extrapolation. The research carried out, has revealed the following core results: in the CEE the most suffered production sectors of the prolonged geopolitical crisis between the Russian Federation and Ukraine and the following Russian economic embargo is the dairy sector, followed by the meat sector. [From the publication]
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