ECONOMIC IMPACT OF THE EU-RUSSIAN SANCTIONS

The current sustainable development of the world is threatened by a lot of factors, e.g. armed conflicts, terrorism, migration waves and others. Nowadays, the most significant factor for the Slovak Republic, and the whole Middle Europe, is the conflict in the Ukraine. The European Union has been joined to solution of this conflict since its beginning. The contribution summarizes the sanctions development between the Russian Federation and the European Union. The sanctions have relevant impact on the development of various economic indicators, through which we can describe the economy development of the country. The main aim of the paper is to describe the development of strategic raw materials prices and their correlation with imposed sanctions.