{"id":28948,"date":"2025-04-17T10:19:00","date_gmt":"2025-04-17T07:19:00","guid":{"rendered":"https:\/\/tdcenter.org\/?p=28948"},"modified":"2025-11-05T11:46:18","modified_gmt":"2025-11-05T09:46:18","slug":"a-market-in-decline-why-business-as-usual-no-longer-works-with-russia","status":"publish","type":"post","link":"https:\/\/tdcenter.org\/ar\/2025\/04\/17\/a-market-in-decline-why-business-as-usual-no-longer-works-with-russia\/","title":{"rendered":"\u0633\u0648\u0642 \u0622\u062e\u0630\u0629 \u0641\u064a \u0627\u0644\u062a\u0631\u0627\u062c\u0639: \u0644\u0645\u0627\u0630\u0627 \u0644\u0645 \u064a\u0639\u062f \u0627\u0644\u0639\u0645\u0644 \u0643\u0627\u0644\u0645\u0639\u062a\u0627\u062f \u0645\u0645\u0643\u0646\u0627\u064b \u0645\u0639 \u0631\u0648\u0633\u064a\u0627"},"content":{"rendered":"<h4 class=\"wp-block-heading\" id=\"h-\"><\/h4>\n\n\n\n<div class=\"wp-block-quick-download-button-download-button aligncenter qdbn-wrapper\"><div class=\"qdbn\" data-plugin-name=\"qdbn\" data-style=\"small\" data-file=\"hide-file\" data-size=\"hide-size\"><div class=\"qdbn-download-button-inner\"><button type=\"button\" data-button-type=\"small\" class=\"g-btn f-l\" style=\"background-color:#0e107b;color:#ffffff;border-radius:25px;border:1px solid #e2e2e2\" data-attachment-id=\"51872\" data-page-id=\"18850\" data-post-id=\"\" data-have-external=\"false\" data-external-url=\"\" data-wait-duration=\"0\" data-target-blank=\"true\" data-msg=\"Please wait...\" data-member=\"0\" data-has-icon-dark=\"false\" title=\"\u062a\u0646\u0632\u064a\u0644 \u0645\u0644\u0641 PDF \u0628\u0627\u0644\u0644\u063a\u0629 \u0627\u0644\u0625\u0646\u062c\u0644\u064a\u0632\u064a\u0629\"><span class=\"download-btn-icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 24 24\" width=\"22\" height=\"22\" aria-hidden=\"true\"><path d=\"M18 11.3l-1-1.1-4 4V3h-1.5v11.3L7 10.2l-1 1.1 6.2 5.8 5.8-5.8zm.5 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\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f<\/strong>.<\/li>\n\n\n\n<li><strong>\u0627\u0644\u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629<\/strong>&nbsp;\u0623\u0635\u0628\u062d\u062a \u0627\u0644\u0622\u0646 \u0645\u062d\u0648\u0631\u064a\u0629 \u0641\u064a \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629\u2014\u0625\u0630 \u064a\u062c\u0628 \u0639\u0644\u0649 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0623\u0646 \u062a\u0644\u062a\u0632\u0645 \u0628\u0645\u0639\u0627\u064a\u064a\u0631 \u062d\u0642\u0648\u0642 \u0627\u0644\u0625\u0646\u0633\u0627\u0646 \u0648\u0627\u0644\u0642\u0627\u0646\u0648\u0646 \u0627\u0644\u062f\u0648\u0644\u064a\u060c \u0644\u0627 \u0628\u0627\u0644\u0623\u0647\u062f\u0627\u0641 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u062d\u062f\u0647\u0627.<\/li>\n\n\n\n<li>\u0625\u0646 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\u0627\u0644\u0645\u062a\u0631\u062a\u0628\u0629 \u0639\u0644\u0649 \u0645\u0648\u0627\u0635\u0644\u0629 \u0627\u0644\u0639\u0645\u0644 \u0641\u064a \u0628\u0644\u062f \u064a\u0632\u062f\u0627\u062f \u0639\u0632\u0644\u0629 \u0639\u0646 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a\u060c \u064a\u062a\u062f\u0647\u0648\u0631 \u0627\u0644\u0645\u0633\u0627\u0631 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0644\u0631\u0648\u0633\u064a\u0627\u060c \u0625\u0630 \u064a\u0647\u062f\u062f \u0647\u0631\u0648\u0628 \u0631\u0624\u0648\u0633 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0648\u0646\u0642\u0635 \u0627\u0644\u0642\u0648\u0649 \u0627\u0644\u0639\u0627\u0645\u0644\u0629 \u0648\u0627\u0644\u0639\u0632\u0644\u0629 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0629 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\u0627\u0644\u0639\u0645\u0644 \u0641\u064a \u0631\u0648\u0633\u064a\u0627 \u0636\u063a\u0648\u0637\u0627\u064b \u0645\u062a\u0632\u0627\u064a\u062f\u0629 \u0645\u0646 \u0627\u0644\u062d\u0643\u0648\u0645\u0627\u062a \u0648\u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0648\u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0627\u0644\u063a\u0631\u0628\u064a\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u0631\u0648\u0646 \u0648\u062c\u0648\u062f\u0647\u0627 \u062a\u0645\u0643\u064a\u0646\u0627\u064b \u0644\u0644\u0645\u062c\u0647\u0648\u062f \u0627\u0644\u062d\u0631\u0628\u064a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0628\u0627\u0644\u0646\u0638\u0631 \u0625\u0644\u0649 \u0645\u0627 \u0628\u0639\u062f \u0639\u0627\u0645 2025\u060c \u064a\u0642\u062a\u0631\u0628 \u0627\u0644\u0646\u0645\u0648\u0630\u062c \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0627\u0644\u0631\u0648\u0633\u064a \u0645\u0646 \u062d\u062f\u0648\u062f\u0647. \u0641\u0641\u064a \u062d\u064a\u0646 \u062a\u0648\u062d\u064a \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0631\u0633\u0645\u064a\u0629\u060c \u0645\u062b\u0644 \u0646\u0645\u0648 \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0648\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u0628\u0637\u0627\u0644\u0629\u060c \u0628\u0627\u0644\u0627\u0633\u062a\u0642\u0631\u0627\u0631\u060c \u064a\u0642\u0648\u0645 \u0647\u0630\u0627 \u0627\u0644\u062a\u0648\u0627\u0632\u0646 \u0627\u0644\u0647\u0634 \u0639\u0644\u0649 \u0625\u0646\u0641\u0627\u0642 \u062d\u0631\u0628\u064a \u063a\u064a\u0631 \u0645\u0633\u062a\u062f\u0627\u0645 \u0648\u0646\u0642\u0627\u0637 \u0636\u0639\u0641 \u0647\u064a\u0643\u0644\u064a\u0629 \u0639\u0645\u064a\u0642\u0629. \u0648\u064a\u0639\u0627\u0646\u064a \u0627\u0644\u0628\u0644\u062f \u0628\u0627\u0644\u0641\u0639\u0644 \u0645\u0646 \u062a\u0642\u0644\u0635 \u0642\u0648\u0629 \u0627\u0644\u0639\u0645\u0644 \u0648\u0627\u0633\u062a\u0646\u0641\u0627\u062f \u0627\u0644\u0637\u0627\u0642\u0627\u062a \u0627\u0644\u0625\u0646\u062a\u0627\u062c\u064a\u0629 \u0648\u0631\u0643\u0648\u062f \u0639\u0627\u0626\u062f\u0627\u062a \u0627\u0644\u062a\u0635\u062f\u064a\u0631 \u0628\u0641\u0639\u0644 \u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a. \u0648\u0642\u062f \u062d\u0627\u0648\u0644\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u0629 \u0627\u0644\u0631\u0648\u0633\u064a\u0629 \u0627\u0644\u062a\u0639\u0648\u064a\u0636 \u0639\u0628\u0631 \u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0639\u0633\u0643\u0631\u064a \u0648\u0627\u0644\u0642\u0648\u0645\u064a\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u060c \u0644\u0643\u0646 \u0647\u0630\u0647 \u0627\u0644\u062a\u062f\u0627\u0628\u064a\u0631 \u0644\u0627 \u062a\u0639\u0627\u0644\u062c \u0627\u0644\u062a\u0635\u062f\u0639\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0623\u0639\u0645\u0642. \u0648\u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0648\u062a\u062f\u0647\u0648\u0631 \u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642\u060c \u064a\u062a\u0639\u064a\u0646 \u0639\u0644\u0649 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0623\u0646 \u062a\u062f\u0631\u0643 \u0623\u0646 \u0627\u0644\u0646\u0647\u062c \u0627\u0644\u0642\u062f\u064a\u0645 \u0644\u0644\u0639\u0645\u0644 \u0641\u064a \u0631\u0648\u0633\u064a\u0627 \u0644\u0645 \u064a\u0639\u062f \u0642\u0627\u0628\u0644\u0627\u064b \u0644\u0644\u0627\u0633\u062a\u0645\u0631\u0627\u0631. \u0641\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0628\u0627\u062a\u062a \u062a\u0641\u0648\u0642 \u0627\u0644\u0645\u0643\u0627\u0633\u0628\u060c \u0648\u0623\u0635\u0628\u062d \u0645\u0641\u0647\u0648\u0645 \u00ab\u0627\u0644\u0639\u0645\u0644 \u0643\u0627\u0644\u0645\u0639\u062a\u0627\u062f\u00bb \u0641\u064a \u0631\u0648\u0633\u064a\u0627 \u0648\u0647\u0645\u0627\u064b \u0642\u062f\u064a\u0645\u0627\u064b \u0648\u062e\u0637\u064a\u0631\u0627\u064b.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-geopolitical-risks-and-the-weight-of-sanctions\">\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062c\u064a\u0648\u0633\u064a\u0627\u0633\u064a\u0629 \u0648\u0648\u0637\u0623\u0629 \u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a<\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"983\" height=\"419\" src=\"https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-8.png\" alt=\"\" class=\"wp-image-28951\" srcset=\"https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-8.png 983w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-8-600x256.png 600w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-8-768x327.png 768w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-8-18x8.png 18w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><figcaption class=\"wp-element-caption\"><strong><em>\u0627\u0644\u0634\u0643\u0644\u0627\u0646 1 \u06482.<\/em><\/strong><em> \u0644\u0648\u062d\u0629 \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a \u0639\u0644\u0649 \u0631\u0648\u0633\u064a\u0627. \u0623\u064f\u0646\u0634\u0626\u062a \u0628\u0627\u0633\u062a\u062e\u062f\u0627\u0645 Datawrapper. \u0627\u0644\u0645\u0635\u062f\u0631: Castellum.AI<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The sanctions imposed on Russia have created one of the most restrictive economic environments in modern history. To date, Western nations have implemented over 24,300 individual and entity sanctions, making Russia the most sanctioned country globally &#8211; surpassing Iran, Syria, North Korea, Belarus, Venezuela and Myanmar combined (14,199). The European Union, the United States, the United Kingdom, and allied nations have targeted key sectors, including finance, energy, technology, and defense, severely limiting Russia\u2019s ability to engage in international trade.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"930\" height=\"479\" src=\"https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-10.png\" alt=\"\" class=\"wp-image-28953\" srcset=\"https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-10.png 930w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-10-600x309.png 600w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-10-768x396.png 768w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-10-18x9.png 18w\" sizes=\"(max-width: 930px) 100vw, 930px\" \/><figcaption class=\"wp-element-caption\"><strong><em>\u0627\u0644\u0634\u0643\u0644\u0627\u0646 3 \u06484.&nbsp; <\/em><\/strong><em>\u0644\u0648\u062d\u0629 \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a \u0639\u0644\u0649 \u0631\u0648\u0633\u064a\u0627. \u0623\u064f\u0646\u0634\u0626\u062a \u0628\u0627\u0633\u062a\u062e\u062f\u0627\u0645 Datawrapper. \u0627\u0644\u0645\u0635\u062f\u0631: Castellum.AI<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0623\u062b\u0631 \u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u0645\u0627\u0644\u064a \u0639\u0644\u0649 \u0646\u062d\u0648 \u062e\u0627\u0635\u060c \u0625\u0630 \u062a\u062e\u0636\u0639 \u0623\u0643\u062b\u0631 \u0645\u0646 80% \u0645\u0646 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0645\u0635\u0631\u0641\u064a\u0629 \u0627\u0644\u0631\u0648\u0633\u064a\u0629 \u0644\u0644\u0639\u0642\u0648\u0628\u0627\u062a\u060c \u0643\u0645\u0627 \u0641\u064f\u0635\u0644\u062a \u0628\u0646\u0648\u0643 \u0631\u0648\u0633\u064a\u0629 \u0643\u0628\u0631\u0649\u060c \u0645\u0646\u0647\u0627 Sberbank \u0648VTB\u060c \u0639\u0646 \u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u062f\u0641\u0648\u0639\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u064a SWIFT. \u0648\u0646\u062a\u064a\u062c\u0629 \u0644\u0630\u0644\u0643\u060c \u0647\u0628\u0637 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0623\u062c\u0646\u0628\u064a \u0627\u0644\u0645\u0628\u0627\u0634\u0631 (FDI) \u0625\u0644\u0649 \u0623\u062f\u0646\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a\u0647 \u0641\u064a 15 \u0639\u0627\u0645\u0627\u064b\u060c \u0625\u0630 \u0627\u0646\u062e\u0641\u0636 \u0627\u0644\u062d\u062c\u0645 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0625\u0644\u0649 235 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0628\u062d\u0644\u0648\u0644 \u0623\u0643\u062a\u0648\u0628\u0631\/\u062a\u0634\u0631\u064a\u0646 \u0627\u0644\u0623\u0648\u0644 2024. \u0648\u0641\u064a \u0627\u0644\u0623\u0631\u0628\u0627\u0639 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srcset=\"https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-12.png 787w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-12-600x423.png 600w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-12-768x542.png 768w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-12-18x12.png 18w\" sizes=\"(max-width: 787px) 100vw, 787px\" \/><figcaption class=\"wp-element-caption\"><strong><em>\u0627\u0644\u0634\u0643\u0644 5. <\/em><\/strong><em>\u0642\u0627\u0626\u0645\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u064a \u0642\u0644\u0635\u062a \u0639\u0645\u0644\u064a\u0627\u062a\u0647\u0627 \u0641\u064a \u0631\u0648\u0633\u064a\u0627. \u0627\u0644\u0645\u0635\u062f\u0631: Yale School of Management<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">\u0628\u0627\u062a\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u063a\u0631\u0628\u064a\u0629 \u0627\u0644\u062a\u064a \u0646\u0632\u0639\u062a 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\u0627\u0644\u0645\u062d\u064a\u0637 \u0627\u0644\u0647\u0627\u062f\u0626\u060c \u0648\u0644\u0627 \u0633\u064a\u0645\u0627 \u0643\u0648\u0631\u064a\u0627 \u0627\u0644\u062c\u0646\u0648\u0628\u064a\u0629\u060c \u0627\u0644\u062a\u064a \u0634\u0647\u062f\u062a \u0627\u0644\u0639\u0644\u0627\u0642\u0629 \u0645\u0639\u0647\u0627 \u062a\u062f\u0647\u0648\u0631\u0627\u064b \u062d\u0627\u062f\u0627\u064b \u0641\u064a \u0627\u0644\u0623\u0634\u0647\u0631 \u0627\u0644\u0623\u062e\u064a\u0631\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">\u0645\u0639 \u062a\u0635\u0627\u0639\u062f \u0627\u0644\u062a\u0648\u062a\u0631\u0627\u062a \u0641\u064a \u0627\u0644\u0645\u062d\u064a\u0637 \u0627\u0644\u0647\u0627\u062f\u0626 (\u0648\u0644\u064a\u0633 \u0645\u0646 \u062f\u0648\u0646 \u062a\u0648\u0631\u0637 \u0645\u0628\u0627\u0634\u0631 \u0645\u0646 \u0628\u064a\u0648\u0646\u063a \u064a\u0627\u0646\u063a)\u060c \u062a\u0647\u062a\u0645 \u0643\u0648\u0631\u064a\u0627 \u0627\u0644\u0634\u0645\u0627\u0644\u064a\u0629 \u0628\u062a\u0639\u0632\u064a\u0632 \u062c\u064a\u0634\u0647\u0627 \u0627\u0633\u062a\u0639\u062f\u0627\u062f\u0627\u064b \u0644\u0635\u0631\u0627\u0639 \u0645\u062d\u062a\u0645\u0644. \u0648\u064a\u064f\u0646\u0638\u0631 \u0625\u0644\u0649 \u0625\u0631\u0633\u0627\u0644 \u0627\u0644\u0642\u0648\u0627\u062a \u0625\u0644\u0649 \u0623\u0648\u0643\u0631\u0627\u0646\u064a\u0627 \u0628\u0648\u0635\u0641\u0647 \u0641\u0631\u0635\u0629 \u0645\u062b\u0627\u0644\u064a\u0629 \u0644\u0644\u062c\u0646\u0648\u062f \u0644\u0627\u0643\u062a\u0633\u0627\u0628 \u062e\u0628\u0631\u0629 \u0639\u0645\u0644\u064a\u0629 \u0641\u064a \u0627\u0644\u062d\u0631\u0628 \u0627\u0644\u062d\u062f\u064a\u062b\u0629 \u0648\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u062a\u0642\u0646\u064a\u0627\u062a \u0648\u0627\u0644\u0623\u0633\u0644\u062d\u0629 \u0627\u0644\u062c\u062f\u064a\u062f\u0629. \u0648\u0645\u0646 \u0627\u0644\u0645\u062d\u062a\u0645\u0644 \u0623\u0646 \u064a\u062a\u064a\u062d \u0627\u0644\u062a\u0639\u0627\u0648\u0646 \u0645\u0639 \u0631\u0648\u0633\u064a\u0627 \u0648\u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0627\u0644\u062f\u0641\u0627\u0639 \u0627\u0644\u0645\u0634\u062a\u0631\u0643 \u0644\u0643\u064a\u0645 \u0637\u0644\u0628 \u0627\u0644\u062f\u0639\u0645 \u0627\u0644\u0631\u0648\u0633\u064a \u0625\u0630\u0627 \u062a\u0635\u0627\u0639\u062f \u0627\u0644\u0648\u0636\u0639 \u0641\u064a \u0627\u0644\u0645\u062d\u064a\u0637 \u0627\u0644\u0647\u0627\u062f\u0626 \u0646\u062d\u0648 \u0646\u0632\u0627\u0639 \u0639\u0633\u0643\u0631\u064a. \u0648\u0639\u0644\u0627\u0648\u0629 \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u0633\u062a\u062a\u0627\u062d \u0644\u0643\u0648\u0631\u064a\u0627 \u0627\u0644\u0634\u0645\u0627\u0644\u064a\u0629\u060c \u0628\u0645\u0633\u0627\u0639\u062f\u0629 \u0645\u0648\u0633\u0643\u0648\u060c \u0641\u0631\u0635\u0629 \u062a\u0637\u0648\u064a\u0631 \u0628\u0631\u0646\u0627\u0645\u062c\u0647\u0627 \u0627\u0644\u0646\u0648\u0648\u064a \u0648\u0623\u0646 \u062a\u0635\u0628\u062d \u062f\u0648\u0644\u0629 \u0623\u0634\u062f \u062a\u0623\u062b\u064a\u0631\u0627\u064b \u0639\u0644\u0649 \u0627\u0644\u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u0625\u0642\u0644\u064a\u0645\u064a.<\/p>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u0644\u0645\u0624\u0634\u0631 \/ \u0627\u0644\u0633\u0646\u0629<\/strong><\/td><td><strong>2013<\/strong><\/td><td><strong>2014<\/strong><\/td><td><strong>2015<\/strong><\/td><td><strong>2016<\/strong><\/td><td><strong>2017<\/strong><\/td><td><strong>2018<\/strong><\/td><td><strong>2019<\/strong><\/td><td><strong>2020<\/strong><\/td><td><strong>2021<\/strong><\/td><td><strong>2022<\/strong><\/td><td><strong>2023<\/strong><\/td><td><strong>2024<\/strong><\/td><td><strong>\u0645\u0627\u0631\u0633 2025<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0627\u0633\u0645\u064a<\/strong> <strong>(\u062a\u0631\u064a\u0644\u064a\u0648\u0646 RUB)<\/strong><\/td><td>73<\/td><td>79<\/td><td>83.1<\/td><td>85.6<\/td><td>91.8<\/td><td>103.9<\/td><td>109.6<\/td><td>107.7<\/td><td>134.7<\/td><td>156.9<\/td><td>176.4<\/td><td>200<\/td><td>&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0627\u0633\u0645\u064a&nbsp;<\/strong> <strong>(\u0645\u0644\u064a\u0627\u0631 USD)<\/strong><\/td><td>2288<\/td><td>2047<\/td><td>1355<\/td><td>1281<\/td><td>1575<\/td><td>1651<\/td><td>1696<\/td><td>1486<\/td><td>1829<\/td><td>2296<\/td><td>2056<\/td><td>2159<\/td><td>&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0645\u0639\u062f\u0644 \u0646\u0645\u0648 \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a (%)<\/strong><\/td><td>&#8211;<\/td><td>-10,53%<\/td><td>-33,81%<\/td><td>-5,46%<\/td><td>22,95%<\/td><td>4,83%<\/td><td>2,73%<\/td><td>-12,38%<\/td><td>23,08%<\/td><td>25,53%<\/td><td>-10,45%<\/td><td>5,01%<\/td><td>&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0644\u0644\u0641\u0631\u062f (USD)<\/strong><\/td><td>15.9<\/td><td>14.0<\/td><td>9.2<\/td><td>8.7<\/td><td>10.7<\/td><td>11.2<\/td><td>11.5<\/td><td>10.1<\/td><td>12.4<\/td><td>15.6<\/td><td>14.1<\/td><td>14.8<\/td><td>&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643 (\u0627\u0644\u062a\u0636\u062e\u0645\u060c %)<\/strong><\/td><td>6.47<\/td><td>11.35<\/td><td>11<\/td><td>5.4<\/td><td>2.5<\/td><td>4<\/td><td>3<\/td><td>4<\/td><td>8.39<\/td><td>11.94<\/td><td>7.42<\/td><td>9.52<\/td><td>9.92<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u0644\u062f\u064a\u0646 \u0627\u0644\u0639\u0627\u0645&nbsp;<\/strong> <strong>(\u0645\u0644\u064a\u0627\u0631 RUB)<\/strong><\/td><td>728,864<\/td><td>599,901<\/td><td>518,489<\/td><td>511,752<\/td><td>518,445<\/td><td>455,073<\/td><td>491,452<\/td><td>467,605<\/td><td>488,415<\/td><td>385,081<\/td><td>317,893<\/td><td>290,400<\/td><td>&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0639\u062c\u0632 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629<\/strong> <strong>&nbsp;(% \u0645\u0646 \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a)<\/strong><\/td><td>0,50%<\/td><td>-0,70%<\/td><td>-2,60%<\/td><td>-3,40%<\/td><td>-1,50%<\/td><td>2,60%<\/td><td>1,80%<\/td><td>-3,80%<\/td><td>0,40%<\/td><td>-2,30%<\/td><td>-2%<\/td><td>-1,70%<\/td><td>-0,50%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u0644\u0645\u0624\u0634\u0631 \/ \u0627\u0644\u0633\u0646\u0629<\/strong><strong><\/strong><\/td><td><strong>2013<\/strong><\/td><td><strong>2014<\/strong><\/td><td><strong>2015<\/strong><\/td><td><strong>2016<\/strong><\/td><td><strong>2017<\/strong><\/td><td><strong>2018<\/strong><\/td><td><strong>2019<\/strong><\/td><td><strong>2020<\/strong><\/td><td><strong>2021<\/strong><\/td><td><strong>2022<\/strong><\/td><td><strong>2023<\/strong><\/td><td><strong>2024<\/strong><\/td><td><strong>\u0645\u0627\u0631\u0633 2025<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0639\u062c\u0632 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629&nbsp;<\/strong> <strong>&nbsp;(\u062a\u0631\u064a\u0644\u064a\u0648\u0646 \u0631\u0648\u0628\u0644) <\/strong><\/td><td>0,32<strong><\/strong><\/td><td>-0,5<strong><\/strong><\/td><td>-1,95<strong><\/strong><\/td><td>-2,97<strong><\/strong><\/td><td>-1,33<strong><\/strong><\/td><td>2,74<strong><\/strong><\/td><td>1,96<strong><\/strong><\/td><td>-4,1<strong><\/strong><\/td><td>0,52<strong><\/strong><\/td><td>-3,35<strong><\/strong><\/td><td>-3,3<strong><\/strong><\/td><td>-3,49<strong><\/strong><\/td><td>1,7<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a<\/strong><\/td><td>5.5<\/td><td>17<\/td><td>11<\/td><td>10<\/td><td>8.25<\/td><td>7.75<\/td><td>6.25<\/td><td>4.25<\/td><td>7.5<\/td><td>7.5<\/td><td>16<\/td><td>21<\/td><td>21<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641 (RUB\/USD)<\/strong><\/td><td>31.8<\/td><td>38,5<\/td><td>61,00<\/td><td>67,00<\/td><td>58,30<\/td><td>62,74<\/td><td>64,72<\/td><td>72,18<\/td><td>73,66<\/td><td>68,54<\/td><td>85,30<\/td><td>92,62<\/td><td>87,15<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0627\u0644\u0630\u0647\u0628 \u0648\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u062c\u0646\u0628\u064a\u0629 (\u0645\u0644\u064a\u0627\u0631 USD)<\/strong><\/td><td>509<\/td><td>385<\/td><td>368<\/td><td>378<\/td><td>433<\/td><td>468<\/td><td>554<\/td><td>583<\/td><td>631<\/td><td>582<\/td><td>599<\/td><td>609<\/td><td>632<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u0644\u062c\u0632\u0621 \u0627\u0644\u0633\u0627\u0626\u0644 \u0645\u0646 \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u062b\u0631\u0648\u0629 \u0627\u0644\u0648\u0637\u0646\u064a (\u062a\u0631\u064a\u0644\u064a\u0648\u0646 RUB)<\/strong><\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>2.36<\/td><td>6.14<\/td><td>8.66<\/td><td>8.43<\/td><td>6.13<\/td><td>05.01<\/td><td>3.39<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0645\u0639\u062f\u0644 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 (%)<\/strong><\/td><td>5.2<\/td><td>5.5<\/td><td>5.8<\/td><td>5.3<\/td><td>5.1<\/td><td>4.8<\/td><td>4.6<\/td><td>5.9<\/td><td>4.3<\/td><td>3.7<\/td><td>3<\/td><td>2.3<\/td><td>&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u0644\u062d\u062f \u0627\u0644\u0623\u062f\u0646\u0649 \u0644\u0644\u0623\u062c\u0648\u0631 (\u0623\u0644\u0641 RUB<\/strong> <strong>&nbsp;\u0634\u0647\u0631\u064a\u0627\u064b)<\/strong><\/td><td>5.2<\/td><td>5.5<\/td><td>5.9<\/td><td>6.2<\/td><td>7.5<\/td><td>9.5<\/td><td>11.3<\/td><td>12.1<\/td><td>12.8<\/td><td>13.9<\/td><td>16.2<\/td><td>19.2<\/td><td>22.4<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u0627\u0644\u062d\u062f \u0627\u0644\u0623\u062f\u0646\u0649 \u0644\u0644\u0623\u062c\u0648\u0631 \u0628\u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a<\/strong><\/td><td>163.52<\/td><td>142,86<\/td><td>96,72<\/td><td>92,54<\/td><td>128,64<\/td><td>151,42<\/td><td>174,61<\/td><td>167,64<\/td><td>173,78<\/td><td>202,81<\/td><td>189,92<\/td><td>207,29<\/td><td>257,03<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>\u0645\u0644\u0627\u062d\u0638\u0627\u062a \u0625\u0636\u0627\u0641\u064a\u0629<\/strong><\/em><strong>:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u064a\u0642\u062f\u0645 \u0627\u0644\u062c\u062f\u0648\u0644 \u0644\u0645\u062d\u0629 \u0639\u0627\u0645\u0629 \u0639\u0646 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0631\u0648\u0633\u064a\u0627 \u0645\u0646 \u0639\u0627\u0645 2013 \u062d\u062a\u0649 \u0645\u0627\u0631\u0633\/\u0622\u0630\u0627\u0631 2025\u060c \u0645\u0633\u0644\u0637\u0627\u064b \u0627\u0644\u0636\u0648\u0621 \u0639\u0644\u0649 \u0627\u0644\u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0641\u064a \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0648\u0627\u0644\u062a\u0636\u062e\u0645 \u0648\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641 \u0648\u0639\u062c\u0632 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0648\u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629.<\/li>\n\n\n\n<li>\u062a\u0639\u0643\u0633 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0623\u062b\u0631 \u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a \u0627\u0644\u063a\u0631\u0628\u064a\u0629 \u0648\u0627\u0644\u062d\u0631\u0628 \u0639\u0644\u0649 \u0623\u0648\u0643\u0631\u0627\u0646\u064a\u0627 \u0648\u062a\u062d\u0648\u0644 \u0631\u0648\u0633\u064a\u0627 \u0646\u062d\u0648 \u0627\u0642\u062a\u0635\u0627\u062f \u0645\u0639\u0633\u0643\u0631.<\/li>\n\n\n\n<li>\u064a\u0648\u0636\u062d \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u062d\u0627\u062f \u0641\u064a \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0645\u0642\u0648\u0645\u0627\u064b \u0628\u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a (\u0645\u0646 2.28 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\u0627\u0644\u062a\u064a \u062a\u0645\u062a\u062b\u0644 \u0644\u0644\u0648\u0627\u0626\u062d \u0627\u0644\u0631\u0648\u0633\u064a\u0629\u2014\u0645\u062b\u0644 \u0627\u0644\u0646\u0642\u0644 \u0627\u0644\u0625\u0644\u0632\u0627\u0645\u064a \u0644\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0625\u0644\u0649 \u062e\u0648\u0627\u062f\u0645 \u0631\u0648\u0633\u064a\u0629 \u0623\u0648 \u0627\u0644\u0642\u0648\u0627\u0646\u064a\u0646 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0627\u0644\u062a\u064a \u062a\u062c\u0631\u0651\u0645 \u0627\u0644\u062a\u0635\u0631\u064a\u062d\u0627\u062a \u0627\u0644\u0645\u0646\u0627\u0647\u0636\u0629 \u0644\u0644\u062d\u0631\u0628\u2014\u062a\u062e\u0627\u0637\u0631 \u0628\u0627\u062a\u062e\u0627\u0630 \u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0636\u062f\u0647\u0627 \u0628\u0645\u0648\u062c\u0628 \u0627\u0644\u0642\u0648\u0627\u0646\u064a\u0646 \u0627\u0644\u063a\u0631\u0628\u064a\u0629 \u0644\u062d\u0642\u0648\u0642 \u0627\u0644\u0625\u0646\u0633\u0627\u0646 \u0648\u0645\u0633\u0627\u0621\u0644\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0641\u0631\u0636\u062a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0641\u064a \u0639\u0627\u0645 2024 \u0639\u0642\u0648\u0628\u0627\u062a \u062b\u0627\u0646\u0648\u064a\u0629 \u0625\u0636\u0627\u0641\u064a\u0629 \u0639\u0644\u0649 \u0623\u064a \u0645\u0624\u0633\u0633\u0627\u062a \u0645\u0627\u0644\u064a\u0629 \u0623\u062c\u0646\u0628\u064a\u0629 (FFIs) \u062a\u0642\u062f\u0645 \u062e\u062f\u0645\u0627\u062a \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0648\u0627\u0644\u0623\u0641\u0631\u0627\u062f \u0627\u0644\u0631\u0648\u0633 \u0627\u0644\u062e\u0627\u0636\u0639\u064a\u0646 \u0644\u0644\u0639\u0642\u0648\u0628\u0627\u062a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0645\u0646 \u0627\u0644\u062c\u062f\u064a\u0631 \u0628\u0627\u0644\u0630\u0643\u0631 \u0623\u0646\u0647 \u0641\u064a \u064a\u0646\u0627\u064a\u0631\/\u0643\u0627\u0646\u0648\u0646 \u0627\u0644\u062b\u0627\u0646\u064a 2025\u060c \u0623\u0645\u0631\u062a \u0645\u062d\u0643\u0645\u0629 \u0631\u0648\u0633\u064a\u0629 \u0628\u0646\u0643 Raiffeisen Bank International \u0627\u0644\u0646\u0645\u0633\u0627\u0648\u064a\u060c \u0648\u0647\u0648 \u0623\u0643\u0628\u0631 \u0628\u0646\u0643 \u063a\u0631\u0628\u064a \u0644\u0627 \u064a\u0632\u0627\u0644 \u064a\u0639\u0645\u0644 \u0641\u064a \u0631\u0648\u0633\u064a\u0627\u060c \u0628\u062f\u0641\u0639 \u0623\u0643\u062b\u0631 \u0645\u0646 2.1 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u062a\u0639\u0648\u064a\u0636\u0627\u064b \u0639\u0646 \u0642\u0631\u0627\u0631\u0647 \u062a\u0642\u0644\u064a\u0635 \u0639\u0645\u0644\u064a\u0627\u062a\u0647 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u0641\u064a \u0631\u0648\u0633\u064a\u0627 \u0639\u0627\u0645 2024. \u0648\u0646\u062a\u064a\u062c\u0629 \u0644\u0630\u0644\u0643\u060c \u0623\u0641\u0627\u062f RBI \u0628\u0627\u0646\u062e\u0641\u0627\u0636 \u0623\u0631\u0628\u0627\u062d\u0647 \u0627\u0644\u0633\u0646\u0648\u064a\u0629 \u0644\u0644\u0645\u0631\u0629 \u0627\u0644\u0623\u0648\u0644\u0649 \u062e\u0644\u0627\u0644 \u062a\u0633\u0639 \u0633\u0646\u0648\u0627\u062a. \u0648\u0628\u0639\u062f \u0623\u0646 \u0648\u0627\u062c\u0647 \u0628\u0646\u0643 Raiffeisen \u0636\u0631\u0631\u0627\u064b \u0643\u0628\u064a\u0631\u0627\u064b \u0641\u064a \u0627\u0644\u0633\u0645\u0639\u0629 \u0645\u0646\u0630 \u0639\u0627\u0645 2022\u060c \u0641\u0625\u0646\u0647 \u064a\u062f\u0631\u0633 \u0628\u064a\u0639 \u0623\u0639\u0645\u0627\u0644\u0647 \u0627\u0644\u0631\u0648\u0633\u064a\u0629 \u0644\u062a\u0633\u0647\u064a\u0644 \u062e\u0631\u0648\u062c\u0647 \u0645\u0646 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0631\u0648\u0633\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, the cost of leaving Russia can be significant, as the Kremlin has imposed punitive exit taxes, forced asset sales, and restrictions on capital repatriation. Some firms have had to sell their assets at a 90% discount, while others have seen their assets outright seized. Despite these financial losses, companies that have exited are increasingly viewed as making a strategic, long-term decision &#8211; avoiding entanglement in an unstable market while maintaining credibility in Western markets.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"722\" height=\"632\" src=\"https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-13.png\" alt=\"\" class=\"wp-image-28956\" srcset=\"https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-13.png 722w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-13-600x525.png 600w, https:\/\/tdcenter.org\/wp-content\/uploads\/2025\/04\/image-13-14x12.png 14w\" sizes=\"(max-width: 722px) 100vw, 722px\" \/><figcaption class=\"wp-element-caption\"><strong><em>\u0627\u0644\u0634\u0643\u0644 6. <\/em><\/strong><em>\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u062a\u0647\u062f\u064a\u062f\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0648\u0627\u062c\u0647 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0644\u0629 \u0641\u064a \u0631\u0648\u0633\u064a\u0627. \u0627\u0644\u0645\u0635\u062f\u0631: Recorded Future\u060c \u0645\u0646 \u0625\u0639\u062f\u0627\u062f Insikt Group<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\" id=\"h-corporate-responsibility-and-the-role-of-ethical-business-practices\">\u0627\u0644\u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629 \u0648\u062f\u0648\u0631 \u0645\u0645\u0627\u0631\u0633\u0627\u062a \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0627\u0644\u0623\u062e\u0644\u0627\u0642\u064a\u0629<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The Russian invasion of Ukraine has fundamentally altered the global expectations of corporate responsibility, particularly for businesses operating in high-risk environments. Multinational corporations can no longer afford to remain neutral in conflicts where their economic activities directly or indirectly sustain an aggressor state. Companies that continue operations in Russia face increasing scrutiny from governments, investors, and civil society, as their tax contributions and economic presence provide financial and logistical support to a regime engaged in violations of international law. Compliance with sanctions alone is no longer sufficient &#8211; firms must assess their broader role in a war-driven economy, where their presence is seen as enabling the Kremlin\u2019s war effort.<\/p>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">\u064a\u062a\u0636\u062d \u0627\u0644\u062a\u0646\u0627\u0642\u0636 \u0628\u064a\u0646 \u0627\u0644\u062a\u0632\u0627\u0645\u0627\u062a \u0627\u0644\u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629 \u0644\u0644\u0634\u0631\u0643\u0627\u062a (CSR) \u0648\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a \u0641\u064a \u0631\u0648\u0633\u064a\u0627 \u0628\u0635\u0648\u0631\u0629 \u0645\u062a\u0632\u0627\u064a\u062f\u0629. \u0641\u0641\u064a \u062d\u064a\u0646 \u062a\u0624\u064a\u062f \u0634\u0631\u0643\u0627\u062a \u0643\u062b\u064a\u0631\u0629 \u0639\u0644\u0646\u0627\u064b \u0645\u0628\u0627\u062f\u0626 \u0627\u0644\u0628\u064a\u0626\u0629 \u0648\u0627\u0644\u0645\u062c\u062a\u0645\u0639 \u0648\u0627\u0644\u062d\u0648\u0643\u0645\u0629 (ESG)\u060c \u062a\u0646\u0627\u0642\u0636 \u0623\u0646\u0634\u0637\u062a\u0647\u0627 \u0641\u064a \u0631\u0648\u0633\u064a\u0627 \u0647\u0630\u0647 \u0627\u0644\u0642\u064a\u0645. \u0648\u062e\u0644\u0635\u062a \u062f\u0631\u0627\u0633\u0629 \u0623\u062c\u0631\u0627\u0647\u0627 \u0645\u0639\u0647\u062f Yale Chief Executive Leadership Institute \u0639\u0627\u0645 2023 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0645\u062a\u0639\u062f\u062f\u0629 \u0627\u0644\u062c\u0646\u0633\u064a\u0627\u062a \u0627\u0644\u062a\u064a \u0644\u0627 \u062a\u0632\u0627\u0644 \u062a\u0639\u0645\u0644 \u0641\u064a \u0631\u0648\u0633\u064a\u0627 \u062a\u0633\u0647\u0645 \u0628\u0645\u0644\u064a\u0627\u0631\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u0627\u062a \u0633\u0646\u0648\u064a\u0627\u064b \u0641\u064a \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u0629\u060c \u0645\u0645\u0648\u0644\u0629\u064b \u0628\u0635\u0648\u0631\u0629 \u063a\u064a\u0631 \u0645\u0628\u0627\u0634\u0631\u0629 \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0639\u0633\u0643\u0631\u064a. \u0648\u062a\u0624\u0643\u062f \u0627\u0644\u0623\u0637\u0631 \u0627\u0644\u062f\u0648\u0644\u064a\u0629\u060c \u0645\u062b\u0644 \u0645\u0628\u0627\u062f\u0626 \u0627\u0644\u0623\u0645\u0645 \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0627\u0644\u062a\u0648\u062c\u064a\u0647\u064a\u0629 \u0628\u0634\u0623\u0646 \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u0648\u062d\u0642\u0648\u0642 \u0627\u0644\u0625\u0646\u0633\u0627\u0646<strong> \u0648<\/strong>\u0625\u0631\u0634\u0627\u062f\u0627\u062a \u0645\u0646\u0638\u0645\u0629 \u0627\u0644\u062a\u0639\u0627\u0648\u0646 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a 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\u0627\u0644\u0645\u0624\u0644\u0641\u0648\u0646 \u0645\u0631\u062a\u0628\u0637\u064a\u0646 \u0628\u0647\u0627<\/em><\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph translation-block\"><em>\u0623\u064f\u0639\u062f \u0647\u0630\u0627 \u0627\u0644\u0645\u0646\u0634\u0648\u0631 \u0628\u062f\u0639\u0645 \u0645\u0646 \u0645\u0624\u0633\u0633\u0629 \u0627\u0644\u0646\u0647\u0636\u0629 \u0627\u0644\u062f\u0648\u0644\u064a\u0629. \u0648\u064a\u062a\u062d\u0645\u0644 \u0627\u0644\u0645\u0624\u0644\u0641\u0648\u0646 \u0648\u062d\u062f\u0647\u0645 \u0627\u0644\u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u0639\u0646 \u0645\u062d\u062a\u0648\u0627\u0647\u060c \u0648\u0644\u0627 \u064a\u0639\u0643\u0633 \u0628\u0627\u0644\u0636\u0631\u0648\u0631\u0629 \u0622\u0631\u0627\u0621 \u0645\u0624\u0633\u0633\u0629 \u0627\u0644\u0646\u0647\u0636\u0629 \u0627\u0644\u062f\u0648\u0644\u064a\u0629.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Russia\u2019s full-scale invasion of Ukraine has fundamentally reshaped the global business environment, making it clear that business as usual no longer works in Russia. Once considered a strategic market, Russia has become a country where sanctions, state intervention, and economic instability have made long-term investment unsustainable. The war has forced businesses to rethink [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":28957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,13],"tags":[],"topic":[90,84,92],"class_list":["post-28948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eng-central-eastern-europe","category-en-analyses","topic-economy","topic-russia","topic-war"],"mb":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.6 (Yoast SEO v25.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Western Business Can No Longer Operate in Russia | TDC<\/title>\n<meta name=\"description\" content=\"This analysis explains why sanctions, asset seizures and geopolitical risk have made Russia an increasingly untenable market for Western businesses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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