The Development of Economic Justice under External Sanctions Pressure: Challenges and Prospects

In recent years, we have seen major changes in international politics and economics that have led to the rather broad imposition of economic sanctions around the world, which have become a highly sought-after tool in the foreign policy of many countries. Since they started being imposed on Russia, economic justice has begun to play a special role in protecting the rights of the state and business that have been affected by the sanctions, thereby helping to create conditions for sustainable development and the restoration of economic ties. However, an analysis of legislative and regulatory enforcement practices reveals some imperfections in certain mechanisms used to resolve disputes involving sanctions, including those related to international interaction, the recognition and enforcement of foreign judicial and arbitration decisions, and the insufficient elaboration of the regulatory framework in this regard. What key challenges to the development of economic justice does external sanctions pressure create? How does international arbitration affect the protection of Russian companies’ business interests in the current conditions? What mechanisms of anti-sanctions legislation are most effective in supporting legal stability? How does judicial practice reflect how the legal system is adapting to the new economic realities? What recommendations could be prepared to improve the effectiveness of economic justice in Russia?