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10.5593/sgemsocial2017/13/S03.063

POLITICAL FACTOR AS A BASIC OF TRENDS FORMING FOR THE RUSSIAN STOCK MARKET

N. Sadovnikova, E. Darda, E. Klochkova, V.Minashkin, P.Prokhorov
Thursday 28 September 2017 by Libadmin2017

References: 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017, www.sgemsocial.org, SGEM2017 Conference Proceedings, ISBN 978-619-7408-15-7 / ISSN 2367-5659, 24 - 30 August, 2017, Book 1, Vol 3, 503-512 pp, DOI: 10.5593/sgemsocial2017/13/S03.063

ABSTRACT

The purpose of this article is to assess the effects of imposing economic sanctions on the Russian stock market by some Western countries in the beginning of the political confrontation with Russia in 2014 to identify the potential of the Russian stock market adaptation to the eventual introduction of such economic pressure instruments in the future. On the basis of generalized indicators characterizing the results of trading on stock markets, of price levels, volumes of transactions, stock indices, and by using the graphical method and the statistical methods for analysis of dynamic, there was provided a visual representation of the market condition in the time of active escalation of foreign policy tension. As a result of the analysis implemented, there were identified basic periods of most severe impact of political factors on the position of companies in the financial, oil and gas, and agricultural sectors on the Russian stock market, the degree of damage due to radical transformation of foreign economic relations, including the display of the relationship between changes in foreign and domestic political sphere and potentials of sustainable development of large companies in the real and financial sectors of the Russian economy. The survey gives an opportunity to demonstrate and to quantify the effect, provided by “the sanctions wars” during their active exacerbation. The article summarizes the experience gained through targeted impact of external political factors on the domestic economy in 2014, and allows to specify the objects and purposes, which the economic pressure may be sent to in the short term. The results of this research can serve as a basis for adjustments or elaboration of long-term development strategies of the public sector and business areas, as well as for construction of a rational state policy, aimed at revival of the domestic economy in the future.

Keywords: Stock market, economic sanctions, the MICEX index.

PAPER DOI: 10.5593/sgemsocial2017/13/S03.063 ; POLITICAL FACTOR AS A BASIC OF TRENDS FORMING FOR THE RUSSIAN STOCK MARKET

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