Trade sanctions and economic stability: data from Kazakhstan

The primary objective of this study is to examine how the sanctions imposed against Russia affect the stability of Kazakhstan's economy using a developed integral index of economic stability.

The study is based on a set of methods for calculating an integral indicator of economic stability. To analyze the available scientific developments in this field, we applied the methods of comparison and analysis. The initial data were processed using consistent normalization methods, such as the maximum/minimum method. After that, integral indicators were calculated.

The results showed a decline in the main macroeconomic indicators in Kazakhstan the year after the imposition of sanctions, which is clearly reflected in both the overall and individual indices of economic stability. Further analysis reveals that the sanctions against Russia lead to structural imbalances in Kazakhstan's economy, but also benefit the growth of its economy and stimulate its foreign trade. This article contributes to existing research on the impact of sanctions on countries neighboring Russia. It is recommended to analyze the effect of anti-Russian sanctions on other members of the EAEU in the future.

The originality of this study lies in the development of a new methodology for calculating an integral stability index based on nine indicators. This stability index helps us to study the impact of global economic sanctions on Russia on the stability of the Kazakh economy. It allows us to better understand and determine the future direction of Kazakhstan's development.

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