scholarly journals Financial Instruments to Support Russian Exporters

2019 ◽  
Vol 12 (4) ◽  
pp. 29-38
Author(s):  
A. A. Tarasov

The subject of the research is the basic financial instruments for the support of Russian exporters that can ensure the competitiveness of Russian corporations in the international markets. The purpose of the article is a structured description of the line of banking products that are available for leading Russian exporters, as well as defining the tools for international development banks whose member is the Russian Federation; also, commercial banks products classification for exporters, and study of pre-export credit.  The methodological base for the research is optimization approach application to the forming of the capital structure for the exporting corporation using financial tools. To analyze banking products, structural and process approaches, including describing the parameters and pre-export and post export financing mechanisms and detailed execution schedule of the transactions, are used. Three key elements of corporate capital raising are discriminated. They are optimal structuring of the deal, correct organization of the monetary fund’s raising process, and efficient risk management in raising debt and stock capital. It is concluded that exporters have to use a number of different banking products to raise capital for achieving tactical and strategic aims of development. Depending on the needed size, terms and structure of the transactions the corporation can use such tools as short-term revolving credit, medium-term investment credit, long-term project financing.

Author(s):  
Vera Sergeevna Zarutskaya

The downturn in tourism sector due to the COVID-2020 pandemic requires active measures taken by the governments towards reorientation of national tourism markets towards domestic tourism. The subject of this article is the economic health of tourism. The object is the tourism market of the Russian Federation. The article is dedicated to statistical analysis of the Russian tourism market. The research methodology is based on the systematic approach towards management. Using the official data of Rosstat, the author examines the 2014 – 2019 period of development of the tourism market. The analysis of the results of 2020 is conducted via using relevant statistical data and expert evaluations published by the recognized organizations. Description is given to the current concept of tourism market, adopted by Rosstat for data collection. The author provides the results of comparison of the official statistical data that reflect the situation and trends in the development of Russian tourism market over the period from 2014 to 2019. Assessment is given to the long-term trends that determine the pre-crisis state of the tourism market. The conclusion is made on the growth of tourism market in the indicated period. The article reveals the peculiarities of consumer behavior developed in the market by the end of 2019. Sustained imbalance of the demand for international tourism is observed. The key outcome of the crisis for tourism sector 2020 are presented in form of comparison of numerical data in the beginning and in the end of the year. The trends established in the behavior of consumers and companies are described. The author underlines the need for comprehensive management of the market in order to fulfill the potential of domestic tourism.


2018 ◽  
Vol 11 (4) ◽  
pp. 133-140 ◽  
Author(s):  
Yu. D. Shmelev

The subject of research is the tax policy of the Russian Federation and its implementation during the reforms of 1992– 2017. The purpose of the work is to identify taxation problems and develop a concept for the long term modernization of the tax doctrine as well as ways for its practical implementation. The author analyzes results achieved in the course of reforms and also identifies unresolved problems. Based on the assessment of the state’s social and economic strategy and tax doctrine, it is concluded that due to the lack of a clearly formulated tax doctrine, the tax policy was inconsistent and unsystematic. The suggested concept of long-term modernization of the tax doctrine (till 2030) along with ways for its practical implementation would allow to solve the main welfare state task proclaimed in Art. 7 of the Constitution of the Russian Federation: to reach a distinctly superior level of social development characterized by the principles of social justice enshrined in law.


2019 ◽  
Vol 7 (6) ◽  
pp. 49-52
Author(s):  
A. Sherstobitova ◽  
Evgeniya Posnihina

If the order of drawing up the draft Federal budget is defined by the Budget code of the Russian Federation, the order of drawing up the draft budget of the subject of the Federation and the draft budget of the municipality, along with the bases of drawing up draft budgets defined by the Budget code of the Russian Federation, is also determined by the laws of the subjects of the Federation and municipal legal acts of the representative body of the municipality. In the legal literature, this approach is recognized as justified, as at each level of the budget system there is specificity in the development of budget indicators. In addition, it is impossible to apply a unified approach to the detailed organization of the drafting of regional and local budgets, since the timing and content of the procedures for drafting budgets in the constituent entities of the Federation and municipalities depend on a whole range of socio-economic and political factors. In view of the above, the development of regional and local budgets should be governed by the rules of budgetary procedure adopted at the appropriate levels of the budgetary system. Drafting of regional and local budgets and budget acts is traditionally the responsibility of the Executive bodies. Accordingly, the draft budget of the subject of the Federation shall be drawn up in accordance with the procedure established by the Supreme Executive body of the state power of the subject of the Russian Federation (article 169 of the BC) [1]. Budgeting at any level by virtue of part 2 of art. 172 the BC of the Russian Federation is based on: the Budget address of the President of the Russian Federation; the forecast of social and economic development of the relevant territory; the main directions of budget and tax policy; the budget forecast for the long term; state (municipal) programs.


10.12737/9307 ◽  
2014 ◽  
Vol 2 (3) ◽  
pp. 128-133
Author(s):  
Полина Виноградова ◽  
Polina Vinogradova

The subject of research is the legal status of the Constitutional Assembly, whose powers include the consideration of questions the constitutional system, which are defined the National Security Strategy of the Russian Federation valid until 2020 as Russia´s national interests in the long term. In this article we focus on problems of realization provisions of the Constitutional Assembly, substantiates the necessity of the adopting the special law in order to regulate the functioning the necessity constitutional authority. The review of legislative initiatives on this issue is provided herein below. In order to ensure the effective functioning of the Constitutional Assembly the author has offered to settle the procedure for amending the Chapters 1, 2 and 9 of the Constitution of the Russian Federation. Conclusions promote maintaining legal and institutional mechanism for ensuring national interests by regulating the convening and functioning of the Constitutional Assembly.


Author(s):  
Anna Rolandovna Purge

The object of this research is the institution of property responsibility of genetic parents under the surrogacy agreement established in legislation of the Russian Federation and the Republic of Tajikistan, as well as the problematic of practical implementation of the surrogacy agreement. The subject of this research is the legislative norms that regulate the procedure of bringing genetic parents under the surrogacy agreement to property responsibility in the territory of the Russian Federation and the Republic of Tajikistan; corresponding materials of law enforcement practice; statistical data and reports published in the official mass media. The scientific novelty of consists in analysis of the problems of property responsibility of genetic parents under the surrogacy agreement, which was concluded in the territory of the Republic of Tajikistan. The main research results lies in the development of the original pointwise proposals on the long-term solution to these issues (it is worth noting that such proposals have not been previously expressed in the context of legal experience of the Republic of Tajikistan).


2021 ◽  
Vol 14 (3) ◽  
pp. 118-124
Author(s):  
Ye. S. Rychina ◽  
A. Ye. Uzhanov

The author estimates the impact of the rebranding process on the capitalization of modern energy companies.Based on the results of a comprehensive analysis, the main theoretical aspects of the brand renewal process have been identified and presented. Examples of the world practice of rebranding in the energy sector are given on the examples of such corporations as AGL Australia, Eversource (formerly Northeast Utilities), Statoil, Gas Natural Fenosa, PJSC Rosseti. The concept of initial brand is studied, and the analysis of rebranding in one of Russia’s largest energy companies, the State Atomic Energy Corporation Rosatom, is presented from the concept to implementation. It is estimated that due to rebranding, all subsidiaries and organizations of this company will be united under a common brand name, which should further unite all the separate parts of the holding into a single streamlined system. This will further enhance both the company’s reputation and economic standing on international markets. The potential and authority of the Rosatom brand are forecast to rise, with the corporation becoming more competitive and attractive for investors. In the long term, this will definitely affect the total capitalization of Rosatom. According to all forecasts, this will rise, bringing the company good profits, along with considerable proceeds to the Russian Federation budget.The research methodology is consistent with conventional boundaries, with a full set of approaches typical of research of a social phenomenon, such as the company's rebranding activities. As a hypothesis, a convincing and proven assumption has been put forward that the brand has become as important factor in competitiveness as the tangible properties of company products. Rebranding is therefore taking a leading role in increasing the market capitalization and competitiveness of a company in international markets.


Author(s):  
Olga Gritskevich ◽  
Dmitriy Kadochnikov

To assess the modern approach in determining the severity of harm to human health in acute intestinal infections, an analysis of the acts of the forensic medical examination of living persons who have suffered acute intestinal infections was carried out on the basis of the forensic medical examination bureau of the southern region for 2018–2019. The analysis showed that today, children are more susceptible to acute intestinal infections, and according to the standards for assessing the degree of harm to human health, the main factor is taken into account, the number of days spent on inpatient or outpatient treatment, regardless of the severity of the infection. In this case, no attention is paid to the long-term consequences of the infection, which, in turn, lead to chronic diseases of the gastrointestinal tract and significantly reduce the quality of life. The findings indicate the need to develop criteria for assessing the severity of harm to health in acute intestinal infections. This will make it possible to systematize the approach and objectively assess the degree of harm caused to health.


2012 ◽  
Vol 2 (1) ◽  
pp. 94-106 ◽  
Author(s):  
Ahmed Awil ◽  
Abdul Rashid Abdul Aziz

Reduced demand for services, lack of finances for projects and idle resources at homehave resulted in loss of business for Malaysian construction contractors. Among the optionsthat are explored in this paper is internationalisation of services to help the contractorsgainfully employ their resources and diversify their markets. Integration of worldmarkets, faster transportation and improved means of communication have made it possiblefor contractors to undertake work in international markets. It was found that contractorswere motivated to internationalise by need to make the firm a viable one byconsidering the long-term profitability. Reputation and size of the firm were found to befactors that help contractors in winning contracts overseas. Most non-exporters were concernedwith provision of market intelligence and export credit finance. It was found thatproviding relevant market information, accessible to both exporter and non-exporters, canhelp firms make informed decisions. Any assistance provided should match the firm to thestage the firm has reached in exporting


Author(s):  
Dmitry Alekseevich Mitin

This article examines the problems of taxation of income of foreign digital companies faced by tax administrations worldwide, including the Russian Federation. The subject of this research is the current models of taxation of income of foreign digital companies in Russia and the world. The goal consist in the development of new approaches towards administration of tax income of foreign digital companies in the Russian Federation for the long-term, as well as to ensure country's fiscal interests in the immediate future. Within the framework of this research, the author reviews the modern concept of permanent representation of foreign company, and determines the reasons impeding the implementation of this concept in the area of e-commerce. Assessment is given to feasibility of introducing digital tax in Russia. The scientific novelty consists in the author’s original concept of establishment of permanent representation of foreign digital company, as well as in proposal for its implementation into the tax system of the Russian Federation. Recommendations are also given on introduction of digital tax in Russia, including formulation of its basic elements, such as the object of taxation, tax base, tax rate, tax period and tax breaks. In the conditions of limited open analytical data on transboundary e-commerce on the territory of the Russian Federation, the author estimates feasibility of introducing digital tax and its economic effect on the country.


Author(s):  
S. P. Arteev

The article is in the genre of the review for textbook O. V. Plotnikova and O. Y. Dubrovina International relations of the regions States: characteristics and features (Moscow: Norma; INFRA-M, 2016. 192 p.). Textbook on international activities of sub-state/subnational actors in international relations. Under the sub-state/subnational actors refers to the regions of the States. The authors propose an along with interstate relations (first level) and supranational organizations (second level) to distinguish a third level of international relations - international relations of the regions in Federal and unitary States. The topic is very relevant due to the ongoing restructuring of the architecture of international relations and world politics. In addition, these processes lead to involvement in international relations new actors. The resulting configuration and the role of traditional players. In addition to long-term evolutionary processes, we should not forget about the position of Russia in the last few years. It is obvious that the current tensions around the Russian Federation may not be fully resolved with the old methods. At the same time, sub-state/ subnational actors as subjects of a combined nature, the role played by regions of the Russian Federation, able to combine harmoniously in its international activities as the techniques characteristic of the traditional actors - States and developments in the tools of non-traditional actors - international non-governmental and non-profit organizations etc. As a result of positive results can be achieved faster and at the interstate level. The review considers the subject and the relevance of the topic, presents the analysis of the content of the work. Marked strengths of the textbook, including those associated with the consideration of the diagonal ties and the political components in the international activities of the regions. In addition to the advantages, attention is paid to the analysis of controversial moments. Some authors benefits seem too rigid or insufficiently substantiated. Noted and some defects. The conclusion about the serious significance of this educational publication is not only for a student audience, but also for practitioners.


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