Foreign experience of development under embargoand implications for the Crimea

Abstract

The article analyzes the experience of Northern Cyprus in developing its economy and particularly its export potential under international sanctions. It is concluded that the status of the non-recognized territory is not an unbreakable obstacle for the economic growth and preserving international competitiveness. Such a status seriously undermines the export of goods, but allows the export of services, i.e. attracting foreign tourists and students. The author proposes to use practical measures undertaken by Northern Cyprus in order to contribute to export of services in the interests of the Russian Crimea development.