Siberian Federal University

Issue

Journal of Siberian Federal University. Humanities & Social Sciences. 2023 16 (9)

Authors

Sysoeva, Natalia M.

Contact information

Sysoeva, Natalia M.: The Irkutsk Scientific Center SB RAS Irkutsk, Russian Federation;

Keywords

Eastern Siberia; foreign economic relations of regions; export directions; foreign investments; Asian markets; border regions; potential of internal development

Abstract

The paper examines the foreign economic relations of the regions of Eastern Siberia at the beginning of 2022 and draws conclusions about possible changes in relations with the outside world after the tightening of the sanctions regime. The analysis includes foreign trade, cross-border investment to and from regions, and the presence of foreign enterprises. Almost half of the exports of the entire macro-region were directed westward to the European countries, while in the eastern direction the share of China increased. A significant part of investments in the regions comes from offshore companies, and most of the funds from the regions go there. The proximity of Eastern Siberia to Asian markets, in the context of contraction of relations with Europe, gives it advantage over producers in the European part of Russia; however, the state regulates the export of products with quotas. The main problems of Eastern Siberia under the new configuration of the country’s foreign policy are the depressiveness of the border zone, which includes Transbaikalia and Tyva where the greatest expansion of the Chinese business is observed, and the vulnerability of the commodity structure of exports, half of which is aluminum. The dependence of foreign trade relations of Eastern Siberia on the economic policy of China is increasing

Pages

1497–1503

EDN

VOMKVX

Paper at repository of SibFU

https://elib.sfu-kras.ru/handle/2311/151687

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).