The Impact of Security Perceptions on Russia’s Economic Development and Modernization
Journal: Chinese Journal of Slavic Studies
Year: 2025

Abstract Russia is the largest and most resource-rich country in the world, Russia’s GDP remains outside the top ten global economies. While multiple factors influence Russia’s development, the most significant is its emphasis on security. Following the annexation of Crimea in March 2014, Russia faced Western sanctions, which severely impacted its economic development. The outbreak of the Russia-Ukraine conflict in February 2022 further exposed Russia to harsh economic sanctions from the U.S. an