INTERNATIONAL TRADE CRISIS UNDER THE INFLUENCE OF THE PANDEMIC AND ANTI-RUSSIAN SANCTIONS

Abstract

The article discusses the difficult situation in which the world economy as a system has recently fallen. The existing system of international division of labor and world economic relations is experiencing serious challenges, first under the influence of the coronavirus pandemic, and now under the influence of anti-Russian sanctions that have effectively excluded our country from the world economic system. The problems mainly affect Europe, the US and the Russian Federation, but indirectly affect all participants in the global economy. There is a crisis of recipes of classical economic theory. In this situation, each country faces the problem of balance between the benefits of international trade and economic security, the extreme of which is the subsistence economy. Our country was also an active participant in the international division of labor, later it began to solve the problems of economic security, but achieved the best results in the agricultural sector.