MBA Graduate, Sharif University of Technology, Tehran, Iran Email: Meisam.a97@gmail.com
Abstract
The present study seeks to econometrically investigate Russia's experience in selling natural gas in rubles since the beginning of the Russia-Ukraine war. This study is quantitative and using economic data of the 5-year period of 2018-2022, a quantitative modeling of the effects of oil and gas sales on GDP as a result economic growth, as well as the asymmetric effect of gas sales in rubles on GDP growth are investigated. The method used in this study is multi-factor linear regression using direct market data and seasonal economic reports of Federative Russian Republic. The results of the study indicate that after the initial months of the conflict between the two countries and the depreciation of the ruble, as well as the unfavorable political and economic conditions of Russia, gas trade in rubles in response to the conditions, although in the short term prevented a severe fall in the value through the increase in the supply of foreign currency in Russia, but due to the negative effects on domestic production, the demand for production and the demand for export in the long term, can cause stagnation and drop in the GDP index and ultimately reduce the speed of economic growth or even put an end to it. Furthermore; after the fall of the ruble exchange rate and the fall of the GDP index in 2023, according to the quantitative results obtained in this study, the re-strengthening of the ruble rate using external factors will intensify the falling trend of the GDP index directly and proportionally to the strengthening rate of the ruble. The results are also in full convergence with available economic literature.
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Akbarzadeh, A. (2026). Economic Impact of Natural Gas Trade in Rubles by Russia: A Quantitative Study. Interdisciplinary Studies on Strategic Knowledge, 9(36), 183-208.
MLA
Akbarzadeh, A. . "Economic Impact of Natural Gas Trade in Rubles by Russia: A Quantitative Study", Interdisciplinary Studies on Strategic Knowledge, 9, 36, 2026, 183-208.
HARVARD
Akbarzadeh, A. (2026). 'Economic Impact of Natural Gas Trade in Rubles by Russia: A Quantitative Study', Interdisciplinary Studies on Strategic Knowledge, 9(36), pp. 183-208.
CHICAGO
A. Akbarzadeh, "Economic Impact of Natural Gas Trade in Rubles by Russia: A Quantitative Study," Interdisciplinary Studies on Strategic Knowledge, 9 36 (2026): 183-208,
VANCOUVER
Akbarzadeh, A. Economic Impact of Natural Gas Trade in Rubles by Russia: A Quantitative Study. Interdisciplinary Studies on Strategic Knowledge, 2026; 9(36): 183-208.
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