Export barriers and stimuli in the russian federation

Abstract

Objective: The purpose of this article is to identify and analyse existing export barriers and stimuli in the Russian Federation. Research Design & Methods: The gravity model is used to identify and assess impact of informal export barriers and stimuli. Qualitative approach and statistical analysis is used to identify and assess the impact of formal barriers and stimuli. Findings: Russian export value depends on several informal conditions, such as distance between trading countries, economic size of a partner country and its historical heritage. Moreover, there is a wide range of instruments (both international trade and domestic policies) which are used or can be used in the Russian Federation to influence export performance of particular types of goods. Implications & Recommendations: Present combination of instruments used suggests that Russia attempts to restructure its export - to reduce the share of energy resources and raw materials and increase the one of industrial goods. Contribution & Value Added: Understanding of current export policies in the Russian Federation may be useful for short and medium term forecast of Russian economy development.