International monetary and credit relations are an integral part and one of the most difficult areas of a market economy. They reflect the problems of the national and world economies, which historically developed in parallel. With the globalization and internationalization of the world economy, there is an intensification of international flows of goods, services, and especially capital and loans.
International monetary and credit relations (IMCO) are one of the forms of international economic relations (IEE) along with such forms as: international trade, international movement of capital and foreign investment, international labor migration, international cooperation in science and technology, international division of labor (specialization and cooperation of production).
Russia is one of the key partners in the world market in the field of currency and credit relations and trade, which affects the country's economic development. On the financial market arena, Russia acts as a lender for developing countries, and is also a borrower from more developed countries. In the modern realities of the development of international economic relations, it is worth considering various alternative financial markets or renewing old international economic relations, as an option these are the countries of the Middle East.
Today, market economic relations between Russia and the Middle East are based on mutually beneficial conditions for both parties. The Russian Federation views the Arab countries, firstly, as a market for its manufactured products, technical equipment, and secondly, as a prospect for credit relations and the development of a market for energy products. At the moment, the improvement of relations in the currency and credit directions is aggravated by the state of the world economy and foreign economic activity of Russia.