Bashkirova & Partners » Blog » Opinion Polls » Russians Believe the Country Will Manage International Sanctions

Russians Believe the Country Will Manage International Sanctions

The International Economic Forum has recently ended in Saint Petersburg where leading international experts and economists were sharing their views on development prospects for the Russian and global economy as well as on other important issues. The question of impact of EU and US sanctions on the Russian economy was also on the forum agenda list. Some high-rank guests particularly said sanctions applied would not have strong impact on the national economy. Bashkirova and partners independent research agency has asked Russian citizens about how much influence, they think, the international sanctions might have on the national economy.

Most of our people don’t see any serious threat about the sanctions imposed. Nearly a third of Russians (27%) are of opinion the sanctions will have little impact on the Russian economy. Additional 19% believe these at all aren’t going to do any damage. A bit less percentage (26%) of respondents are sure the sanctions are able to do considerable damage but their aftermath will be managed shortly. Only 16% are of opinion the impact of sanctions will appear strong and continuous.  

Amongst the pessimists the percentage of females is by 8 p.p.* greater than that amongst optimists, saying no damage will be done to Russian economy.

 

These are people between 40 and 49 of age who feel the most pessimistic about the impact on Russian economy from sanctions applied by EU and US. 21% of respondents in this age category have selected the answer ‘the sanctions are able to do significant damage, and the aftermaths will be influencing the national economy development over time’. We find 18% of people with such an opinion in the age group of 30-39 y.o.  In general our citizens believe the national economy will manage these sanctions easily. They show confidence in the Russian president and the government (their confidence rating has increased considerably in the recent months). The Russian people recall to relatively painless recovery of the national economy from the crisis of 2008-2010 and thus they are not expecting any serious economy related cataclysms in near future.

 

The study was conducted in May 2014 based on all-Russia random route sample (18+) using face-to-face interviews in place of residence. Altogether 1500 respondents in 8 federal districts, 100 settlements, 200 sample points have been surveyed. The sample error makes up 2,5%.

 

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