scholarly journals Current state of the government bond market in the Russian Federation

2020 ◽  
Vol 13 (2) ◽  
pp. 87-94
Author(s):  
M. N. Lakoza
Keyword(s):  
Monetary Policy ◽  
Russian Federation ◽  
Banking Regulation ◽  
Bond Market ◽  
External Factors ◽  
Government Bond ◽  
Russian Government ◽  
Internal Factors ◽  
The Russian Federation ◽  
The Government

The article reveals the main current trends of the government bond market in the Russian Federation. Various factors that influence the state bond market were studied. External factors included geopolitical risks, rating actions, monetary policy of world Central banks, and the dynamics of oil prices. The main internal factors were: lower inflation, the Bank of Russia’s monetary policy, the return of non–residents to Russian ruble debt, the strengthening of the ruble, the Bank of Russia’s policy in terms of banking regulation, and the flexible policy of initial placement of Federal loan bonds. In 2019, external factors did not have a primary impact on the Russian government securities market, but they determined the General background of investor relations. The market was largely influenced by internal factors.

scholarly journals The Fundamentals of Determining the Rental Charge for the State-Owned Real Estate in the Russian Federation

Legal Concept ◽  
2021 ◽  
pp. 94-98
Author(s):  
Ekaterina Vavilova ◽  
Keyword(s):  
Real Estate ◽  
Russian Federation ◽  
Significant Proportion ◽  
State Ownership ◽  
The State ◽  
Russian Government ◽  
Basic Principles ◽  
The Russian Federation ◽  
Court Proceedings ◽  
The Government

Introduction: the paper discusses the study of the basic principles and methods of determining rental rates for the use of land owned by the state and municipal authorities. Despite the increasing trend of the privatization of state-owned land, its significant proportion is still under the state ownership. In this regard, a significant share of court proceedings in the Arbitration courts falls precisely on those disputes that relate to the determination of the procedure for establishing the rent of state-owned real estate in Russia. In this regard, the author set the goal – to study the problem of establishing the amount of the rent for the land held by tenants for housing after bringing into force Resolution of the Government of the Russian Government No. 582 of July 16, 2009 “On the basic principles of determining the rent for leases of land plots in the state or municipal ownership, and on the Rules for determining the amount of rent and the order of the conditions and terms of payment of rent for land in the ownership of the Russian Federation” (hereinafter – “Resolution No. 582”). Methods: the methodological framework for the study is a set of methods of scientific knowledge, among which the main one is the comparative law method, as well as the methods of systematization and analysis. Results: the author’s position grounded in the work is based on the analysis of the legislation and the opinions of the scientists expressed in the competent scientific community on the issue of establishing the basic rates for renting the state real estate. Conclusions: as a result of the study, the main principles of determining the rates for renting the state-owned real estate, as well as the procedure for determining them, were analyzed. It was established that the amount of rent for land plots that were provided to tenants for housing construction after the entry into force of Resolution No. 582 should not exceed 2 % of the cadastral value of such real estate.

scholarly journals Kant's Future: Debates about the Identity of Kaliningrad Oblast

Slavic Review ◽  
2018 ◽  
Vol 77 (4) ◽  
pp. 937-956
Author(s):  
Miłosz J. Zieliński
Keyword(s):  
Identity Construction ◽  
Russian Federation ◽  
External Factors ◽  
Russian Government ◽  
Kaliningrad Oblast ◽  
The Russian Federation ◽  
Post War ◽  
Internal And External Factors ◽  
Vladimir Putin ◽  
The Village

This article addresses the role that the legacy of the pre- and post-WWII past has played in ongoing identity debates among the inhabitants of Kaliningrad oblast of the Russian Federation. Since 1991, interest in preserving this legacy has been on the rise, influencing the inhabitants’ feeling of regional distinctiveness in numerous ways. While the pre-war legacy is important for a considerable number of Kaliningraders, others believe that it threatens the Russian and Soviet mien of the Oblast, both in cultural and political terms. They favor taking greater care of Soviet-era buildings, monuments, and other commemorations of war heroes. This viewpoint disparity has recently widened due to both internal and external factors, including the deterioration of Russo-western relations. A March 2015 incident in the village of Veselovka is used to reflect upon the way in which pre-war and post-war legacies are used in the above-mentioned identity debate. The author examines the direction of identity construction in the oblast through the officially-acknowledged vision of Russianness as pursued by President Vladimir Putin, in particular, and the Russian government, in general.

scholarly journals Features Personal Constitutional and Legal Responsibility of the Russian Government Officials

2018 ◽  
pp. 12-15
Keyword(s):  
Russian Federation ◽  
Personal Responsibility ◽  
Executive Branch ◽  
Legal Regulation ◽  
Legal Responsibility ◽  
Government Officials ◽  
Russian Government ◽  
Leading Position ◽  
The Russian Federation ◽  
The Government

This paper deals with one of the key concepts – that components of the constitutional and legal responsibility – the personal responsibility of government officials. The author considers domestic and foreign research on the content of the concept of personal responsibility. On the basis of their analysis, on the example of the legislation of the Russian Federation, the author reveals some features of personal responsibility of officials of the Government of the Russian Federation, analyzes the problem aspects of its legal regulation and implementation. The author touches on the problems associated with the absence of a specific legal mechanism for the implementation of constitutional and legal responsibility between the Government of the Russian Federation and the Federal Assembly, as a result of which there are no clear levers of influence on officials of the Government of the Russian Federation. The author believes that the President of the Russian Federation has a leading position regarding the personal responsibility of officials of the Government of the Russian Federation, thereby accentuating his dominant position in the sphere of influence on the executive branch. The author formulates the conclusion that the personal constitutional and legal responsibility of officials of the Government of the Russian Federation is a sufficiently large, but little understood concept that does not have sufficient legislative regulation that allows them to perform their duties in a clear manner.

scholarly journals Integration of Government Bond Market in the Euro Area and Monetary Policy

2016 ◽  
Vol 5 (1) ◽  
pp. 71-97
Author(s):  
Velimir Lukić
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Euro Area ◽  
Debt Crisis ◽  
Bond Market ◽  
Unintended Consequences ◽  
Government Bond ◽  
Lender Of Last Resort ◽  
Yield Spreads ◽  
The Government

Abstract This paper combines analysis of evolution in euro area government bond market integration and interference of European Central Bank with functioning of respective market recently. Since the introduction of euro, government bond yields converged in the euro area, bonds of different countries have become close substitutes in the perception of investors, and overall integration of the market was rather high. At the end of 2008, dramatic shift occurred and ever since disintegrative forces were set in motion. The paper presents the following measures of integration of the government bond markets: yield spreads, dispersion in yield spreads and beta coefficient. All three measures suggest unprecedented market disintegration as of 2010. The paper highlighted relevance of sovereign bond market for the smooth functioning of the monetary policy transmission mechanism in a monetary union context. Three ECB’s programmes aimed at sovereign debt crisis resolution were analysed in details. They proved successful in lowering peripheral countries’ yields and spreads, and calming the markets. If one takes central bank function of the lender of last resort for banks, then these programmes may be viewed as the “buyer of last resort” device for government bonds. Although warranted by exceptional circumstances and need for swift response, a due caution should be paid to these programmes since they pose certain challenges for conduct of monetary policy and might even have unintended consequences.

scholarly journals The constitutional conflict about confidence to the Government of the Russian Federation in the context of constitutional reform 2020

2021 ◽  
Vol 5 (2) ◽  
pp. 159-169
Author(s):  
I. A. Tretyak
Keyword(s):  
Russian Federation ◽  
Legal Regulation ◽  
Functional Method ◽  
Point Of View ◽  
Constitutional Reform ◽  
Russian Government ◽  
Scientific Methods ◽  
Russian Constitution ◽  
The Russian Federation ◽  
The Government

The subject. The article is devoted to constitutional conflict about distrust to the Government of the Russian Federation and constitutional norms that regulated such conflict and were changed during the constitutional reform in 2020. The author analyzes such transformation in legal regulation and try to find causes for this changes. And also the author provides a constitutional-conflict diagnostic of new constitutional norms to identify conflictogens.Purposes of the paper are to find a legal reasons for transformation of constitutional norms about distrust to the Russian Government and to prevent an appearance in future long term of serious constitutional conflict by finding its conflictogens.The methodology of the study includes a new methodology of a constitutional legal science – constitutional-conflict diagnostic. The constitutional-conflict diagnostic is a system of consistently applied scientific methods, legal principles and presumptions aimed at obtaining information about the constitutional conflict and the constitutional-legal methods of its prevention and resolution. The constitutional-conflict diagnostic includes group of methods: dialectical and systemic methods, as well as structural and functional method; a group of private-scientific methods (historical, methods of formal logic: analysis, comparison). The formal-legal, comparative legal methods and a method of modeling of legal consequences are also used.The main results and scope of their application. The constitutional reform of 2020 year complicated the procedure for resolving the constitutional conflict of trust to the government and introduced a subject-status misbalance in part 4 of Article 117 of the Russian Constitution, expressed in the unmotivated and unjustified possibility of the president to had no activities for resolving such conflict.Legal modeling of the simultaneous implementation of the provisions of parts 3 and 4 of Article 117 of the Russian Constitution revealed the possibility of alternating procedures for expressing trust and denying in confidence to the government, which was absent before the constitutional reform.From a formal legal point of view and a conflictological approach, the amendments to Part 4 of Article 117 of the Constitution of the Russian Federation cannot be explained, and they are a certain «opportunistic maneuver» to the Russian Parliament.

scholarly journals Prospects for Improving Responsibility of the Government of the Russian Federation before the Parliament of the Russian Federation under Constitutional Law

2021 ◽  
Vol 16 (6) ◽  
pp. 46-57
Author(s):  
A. O. Strelnikov
Keyword(s):  
Russian Federation ◽  
The State ◽  
Legal Responsibility ◽  
Russian Government ◽  
Improvement Measures ◽  
The Russian Federation ◽  
Federal Laws ◽  
The Government ◽  
The Right

The paper is devoted to the study of the institution of constitutional and legal responsibility of the Government before the Parliament in Russia at the present time. In connection with the implementation of the Constitutional Reform in 2020, the author notes that the legislator has taken the path of strengthening the role and importance of the Parliament in terms of monitoring the activities of the Government. Nevertheless, the main drawback of the current legislation is still the lack of real sanctions that the Russian Parliament can apply independently in relation to the Russian Government or its individual members. Therefore, the author proposes a number of new sanctions, as well as a number of measures aimed at improving the existing mechanisms for applying sanctions of constitutional responsibility. In particular, it is proposed to introduce the right of the State Duma of the Russian Federation to present its own nominees for vacant positions in the Government, the approval of which is under the authority of the State Duma of the Russian Federation, to enable the State Duma to independently release individual members of the Government from positions approved by it. In addition, it is proposed to improve the procedure for expressing a vote of no confidence in the Government by the State Duma, namely, to introduce the obligation of the President of the Russian Federation to dismiss the Government of the Russian Federation in the event that the State Duma re-expresses no confidence in the Government within three months. It is also proposed to increase the role of the Council of Federation of the Russian Federation by introducing the power of this body not only to consult with the President of the Russian Federation, but to approve the corresponding candidacies of federal ministers proposed to this body by the President of the Russian Federation. The author notes that the proposed improvement measures will increase the effectiveness of the implementation of a number of federal laws regulating the parliamentary responsibility of the Government of the Russian Federation.

scholarly journals Fiscal And Monetary Policy: Problems Of Coordination (Theory And Experience Of Russia)

2020 ◽  
Vol 8 (15) ◽  
pp. 242-257
Author(s):  
Alexander Sukharev ◽  
Olga Smirnova ◽  
Nelly Orlova
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Central Bank ◽  
Russian Federation ◽  
Coordination Theory ◽  
Effective Policy ◽  
The Russian Federation ◽  
The Government ◽  
Policy Problems ◽  
Fiscal And Monetary Policy

The issues of interaction between monetary and financial authorities in the framework of effective policy aimed at achieving stabilization and development of the economy are considered. Coordination of actions of monetary and financial authorities is considered in the context of anti-cyclical and non-cyclical economic policy. Special attention is paid to coordinating actions in this area between the Central Bank of the Russian Federation and the Government of the Russian Federation

Regulatory Guillotine in the Field of Industrial Safety

2020 ◽  
pp. 22-28
Author(s):  
E.V. Klovach ◽  
◽  
A.S. Pecherkin ◽  
V.K. Shalaev ◽  
V.I. Sidorov ◽  
...  
Keyword(s):  
Russian Federation ◽  
Preventive Measures ◽  
Regulatory System ◽  
Industrial Safety ◽  
State Control ◽  
Regulatory Impact ◽  
The Russian Federation ◽  
The Law ◽  
The Government ◽  
Executive Body

In Russia, the reform of the regulatory guillotine is being implemented in the field of control and supervisory activity. It should result in a new regulatory system formed according to the principles specified in the key federal laws: «On state control (supervision) and municipal control in the Russian Federation» (Law on Control) and «On mandatory requirements in the Russian Federation» (Law on Mandatory Requirements) adopted in August 2020. In the field of industrial safety, this process was launched by the Decree of the Government of the Russian Federation № 1192, which will come into force on January 1, 2021. The main provisions are discussed in the article, which are related to the Law on Control and the Law on Mandatory Requirements. The Law on Control establishes the priority of preventive measures aimed at reducing the risk of causing harm in relation to the control activities, the grounds for carrying out control (supervisory) activities, the types of these activities in the forms of interaction with the controlled person and without such, the procedure for presentation of the results of control (supervisory) activity. The Law on Mandatory Requirements establishes that the provisions of regulatory legal acts should enter into force either from March 1 or September 1, but not earlier than 90 days after their official publication, and their validity period should not exceed 6 years. The drafts of regulatory legal acts developed by the federal executive bodies are subject to regulatory impact assessment. With a view to ensuring systematization of mandatory require ments, their register is kept. The federal executive body prepares a report on the achievement of the goals of mandatory requirements introduction. By January 1, 2021, 10 resolutions of the Government of the Russian Federation, 48 federal norms and rules in the field of industrial safety and 9 other regulatory legal acts of Rostechnadzor should be adopted. The drafts of all the documents are already prepared, some of the acts are completing the process of discussion and approval.

ANALISIS PENGARUH ERUBAHAN TINGKAT SUKU BUNGA SBI DAN PERUBAHAN KURS US$ TERHADAP HARGA PASAR SAHAM SEMEN GRESIK, TBK PERIODE JANUARI 2002 – DESEMBER 2006

2017 ◽  
Vol 4 (1) ◽  
Author(s):  
Oktafalia Marisa ◽  
Maya Syafriana
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Cash Flow ◽  
Stock Price ◽  
External Factors ◽  
Investment Climate ◽  
Internal Factors ◽  
Price Fluctuation ◽  
Two Factors ◽  
Investment Behaviour

<p class="Pendahuluan">Investment climate has begun to rise since a few years ago. Stock price fluctuations keep stable and move to the positive position. Stock price fluctuation affected by two factors, internal factors and external factors. Internal factors consist of company’s cash flow, dividend and investment behaviour. External factors consist of monetary policy, exchange rate, interest volatility, globalization, companies’ competition, and technology. This research, try to find out the effects of SBI rate and exchanged rate (USD/Rp) to PT. Semen Gresik’s stock price.</p><p class="Pendahuluan"> </p><p class="Pendahuluan">Keywords : Investment, stock price, SBI’s rate, and Exchanged rate.</p>

THE VALUE OF LOVE IN THE SYSTEM OF FORMATION OF THE PROFESSIONAL MATURITY OF THE EDUCATOR

2020 ◽  
Vol 1 (10(79)) ◽  
pp. 12-18
Author(s):  
G. Bubyreva
Keyword(s):  
Russian Federation ◽  
The State ◽  
Educational Process ◽  
Wide Range ◽  
The Family ◽  
The Russian Federation ◽  
The Government ◽  
The Individual ◽  
The Right

The existing legislation determines the education as "an integral and focused process of teaching and upbringing, which represents a socially important value and shall be implemented so as to meet the interests of the individual, the family, the society and the state". However, even in this part, the meaning of the notion ‘socially significant benefit is not specified and allows for a wide range of interpretation [2]. Yet the more inconcrete is the answer to the question – "who and how should determine the interests of the individual, the family and even the state?" The national doctrine of education in the Russian Federation, which determined the goals of teaching and upbringing, the ways to attain them by means of the state policy regulating the field of education, the target achievements of the development of the educational system for the period up to 2025, approved by the Decree of the Government of the Russian Federation of October 4, 2000 #751, was abrogated by the Decree of the Government of the Russian Federation of March 29, 2014 #245 [7]. The new doctrine has not been developed so far. The RAE Academician A.B. Khutorsky believes that the absence of the national doctrine of education presents a threat to national security and a violation of the right of citizens to quality education. Accordingly, the teacher has to solve the problem of achieving the harmony of interests of the individual, the family, the society and the government on their own, which, however, judging by the officially published results, is the task that exceeds the abilities of the participants of the educational process.  The particular concern about the results of the patriotic upbringing served as a basis for the legislative initiative of the RF President V. V. Putin, who introduced the project of an amendment to the Law of RF "About Education of the Russian Federation" to the State Duma in 2020, regarding the quality of patriotic upbringing [3]. Patriotism, considered by the President of RF V. V. Putin as the only possible idea to unite the nation is "THE FEELING OF LOVE OF THE MOTHERLAND" and the readiness for every sacrifice and heroic deed for the sake of the interests of your Motherland. However, the practicing educators experience shortfalls in efficient methodologies of patriotic upbringing, which should let them bring up citizens, loving their Motherland more than themselves. The article is dedicated to solution to this problem based on the Value-sense paradigm of upbringing educational dynasty of the Kurbatovs [15].

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