The purpose of this work is to assess the impact of economic sanctions on the socio-economic development of the country. Regression control method based on Lasso is used in this studyto construct a "synthetic Russia" as a benchmark to capture the difference between Russia's actual economic performance and the predicted economic performance of "synthetic Russia". Empirical results show that the economic sanctions imposed by the United States and Europe on Russia since 2022 have a negative impact in the short term for the first four seasons right after sanction, the deviation of Russia's economic growth from the potential growth rate is relatively large. Russian economy was able to achieve significant growth in the year 2023 after a recession in 2022, the national economy has shown resilience against the economic sanctions.In the long run, the Russian economy has been attempting a broad-based recovery by implementing a set of counter- sanction measures.

The article is based on the results of a study conducted with the financial support of the Russian Federation represented by the Ministry of Science and Higher Education of Russia in the process of implementing the project “Management of Sustainable Development of Industrial Structures within the Concept of Water-Energy-Food” (application No. 075-15-2024-673)

This article was submitted 21.02.2025
This article was accepted for publication 21.07.2025