scholarly journals Adaptation of the National Economy to the Global Economic Crisis: The Banking sector of the Russian Federation vs Coronavirus

2020 ◽  
Vol 10 (3) ◽  
pp. 142-146
Author(s):  
A. D. Osinin
Keyword(s):  
Economic Crisis ◽  
Russian Federation ◽  
Economic Activity ◽  
Banking Sector ◽  
Current Situation ◽  
Main Task ◽  
National Plan ◽  
Cast Doubt ◽  
The Russian Federation ◽  
Globalized World

The worldwide spread of the coronavirus caused a worsening of the economic situation, as well as an aggravation of existing socio-economic problems. At the same time, the inability of supranational structures to respond to the current situation cast doubt on the prospects of a globalized world. So, modern realities lead to the fact that each state will have to seek a way out of the economic crisis on its own, this applies to both large players and members of supranational associations as European Union. Therefore, the main task of states is to formulate a national plan to adapt to the current situation, minimize costs and losses, and also take specific measures to reach pre-coronavirus indicators. Given the scale of the Russian Federation and the differentiated level of development of the Russian regions, it seems effective to work out regional levers to stimulate economic activity. In this case, the author proposes the development of the regional banking sector, the purpose of which is to stimulate regional financial and economic activity, including creating conditions for business.

scholarly journals ANALYSIS OF ECONOMIC SUSTAINABILITY OF MEDIUM BANKS USING LIQUIDITY REGULATIONS FOR 10 YEARS

2021 ◽  
Vol 9 (6) ◽  
pp. 177-179
Author(s):  
R. Yu. Nikulin
Keyword(s):  
Russian Federation ◽  
Banking Sector ◽  
Current Situation ◽  
Economic Sustainability ◽  
Short Term ◽  
Economic Changes ◽  
The Past ◽  
The Russian Federation

The paper studies the structure of the banking sector, namely, six medium-sized banks in the Russian Federation, using the standards of instant, current and long-term liquidity of assets to identify weaknesses in the banking sector and study the behavior and ability of medium-sized banks to neutralize the consequences of serious economic changes and stabilize the economy of organizations. Studied the trend over the past ten years, as well as the current situation in the ratio of own funds to short-term and long-term liabilities.

New Solutions to the Problem of Stagnating Socio-Economic Development in Russia

2020 ◽  
Vol 26 (1) ◽  
pp. 74-85 ◽  
Author(s):  
N. A. Putintseva ◽  
E. V. Ushakova
Keyword(s):  
Russian Federation ◽  
Political Institutions ◽  
Smart Cities ◽  
Poor Performance ◽  
Current Situation ◽  
Incident Management ◽  
Market Reforms ◽  
Russian Society ◽  
Risk Appetite ◽  
The Russian Federation

The presented study summarizes the results of the implementation of liberal market reforms in Russia and reviews tools of the market economy that could solve the problem of distrust within Russian society.Aim. The study aims to define the underlying problems that stem from the peculiarities of the historical development of the Russian Federation and now hinder the advancement of our country to a new level of development, and to propose directions for solving these problems.Tasks. The authors summarize the socio-economic consequences of the implementation of liberal market reforms; define the problems of the implementation of a rent-based economy in modern Russia; prove that Russia cannot advance to a new level of development without solving the problem of social distrust; review the tools that could change the current situation of global social distrust (publicprivate partnership, proactive budgeting, clusters, territorial marketing, Far Eastern Hectare program, smart cities, incident management).Methods. This study uses general scientific methods of cognition to examine the results of the implementation of liberal market reforms, identify the problems of modern Russia, and determine the possible directions and tools of development.Results. Russia’s development is historically based on finding and living off the natural rent. This perspective significantly narrows the range of ideas about the potential development directions for the Russian Federation. The rent-based development options proposed today expose another common Russian trait — uncertainty, lack of risk appetite, pessimism, and fear of “things getting worse”. Implementation of democratic reforms in the context of rent-based economic institutions, lack of mutual trust within society, poor performance of courts — all this aggravates the current situation.Conclusions. Nowadays, Russia needs an economy that would create a demand for human capital and inclusive political institutions that would make people engaged in the life of the nation, allowing them to capitalize on their creativity without leaving their homeland.

BUDGET POLICY IN 2020–2022: REALITIES AND FORECASTS

2020 ◽  
Vol 2 (5) ◽  
pp. 93-107
Author(s):  
L. I. PRONINA ◽  
Keyword(s):  
Russian Federation ◽  
Public Authority ◽  
National Plan ◽  
Economic Support ◽  
Budget Policy ◽  
The Russian Federation ◽  
The Government ◽  
Local Levels

The article discusses the realities of budget policy in 2020-2022. The article analyzes the anti-crisis programs of the government of the Russian Federation in connection with the 2020 pandemic and measures of social and economic support for the population and business at the Federal, regional and local levels of public authority. The structure and main content of the national plan for restoring employment and the economy in conjunction with the implementation of national projects are proposed.

Customs regulation of activities on the territory of special economic zones

2021 ◽  
Author(s):  
Veronika Grigoryevna Iordanova ◽  
Andrei Romanovich Bojko
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Foreign Investment ◽  
Economic Activity ◽  
Global Value Chains ◽  
Value Chains ◽  
Special Economic Zones ◽  
Socio Economic Development ◽  
The Russian Federation ◽  
Economic Zones

In the article, the authors analyze the functioning of special economic zones in the Russian Federation. Currently, based on the established world practice, special economic zones can act as a catalyst for attracting foreign investment and ensuring effective regional socio-economic development. Therefore, according to the authors, the issues of improving the functioning of the SEZ are of particular importance. The analysis of the results of the functioning of special economic zones in the Russian Federation shows that there is a significant potential for their development. Due to the fact that the functioning of special economic zones is inextricably linked with the conduct of foreign economic activity, and the SEZs themselves are a tool for integrating the country into global value chains, the issues of customs regulation of activities on their territory become important, which acts as an effective way for the state to influence foreign economic activity and have significant opportunities in stimulating the development of special economic zones in the Russia. In this regard, the study of the application of customs regulation measures as important factors in the development of special economic zones in the Russian Federation is very relevant. Special attention was paid to the study of the regulatory framework for the application of customs procedures in respect of goods imported into the territory of special economic zones and exported from such territories. According to the results of the study, it was found that there are significant gaps in the current legislative regulation of this range of legal relations. The article formulates specific measures that can contribute to improving the efficiency of the functioning of special economic zones in the Russian Federation.

scholarly journals Peptides in COVID-19 Clinical Trials—A Snapshot

Biologics ◽  
2021 ◽  
Vol 1 (3) ◽  
pp. 300-311
Author(s):  
Kai Hilpert
Keyword(s):  
Clinical Trials ◽  
Antiviral Activity ◽  
Russian Federation ◽  
Current Situation ◽  
Routine Diagnostics ◽  
Current Review ◽  
The Usa ◽  
The Russian Federation ◽  
The Uk

Since the beginning of the COVID-19 pandemic, there has been a strong drive and desire to find effective treatments for and protection against the disease. On the webpage ClinicalTrials.gov, a total of 6505 clinical trials currently (September 2021) investigating various aspects of COVID-19 are registered. Of these, 124 studies involving peptides were identified. These 124 were further evaluated, and 88 trials that used peptides only for routine diagnostics were excluded. The remaining 36 trials were classified into 5 different classes according to their function: immunomodulatory (5 trials), regain homeostasis (10 trials), diagnostics/biomarkers (8 trials), vaccination (9 trials), and antiviral activity (4 trials, all overlap with immunomodulatory activities). In the current review, these 36 trials are briefly described and tabularly summarised. According to the estimated finish date, 14 trials have not yet finished. All of the finished trials are yet to report their results. Seven trials were based in the USA, and Egypt, France, the UK, Turkey, and the Russian Federation conducted three trials each. This review aims to present a snapshot of the current situation of peptides in COVID-19 clinical trials and provides a template to follow up on trials of interest; it does not claim to be a complete overview.

scholarly journals Legal policy of the Russian Federation and the People's Republic of China in the area of digitalization of national currency

2021 ◽  
pp. 16-26
Author(s):  
Anna Sergeevna Konopiy ◽  
Boris Andreevich Borisov
Keyword(s):  
Russian Federation ◽  
Social Life ◽  
Banking Sector ◽  
National Currency ◽  
People’S Republic Of China ◽  
Chinese Government ◽  
People's Republic Of China ◽  
Republic Of China ◽  
Digital Currency ◽  
The Russian Federation

The subject of this research is digital national currencies of the People's Republic of China and the Russian Federation. The advent of the new digital era entails inevitable, objectively dictated digital transformations of all spheres of social life. The financial and banking sector in Russia, China, and other countries, is in need for legislative-digital regulation by implementing digital fiat currency. One of the most promising vectors of development is the creation and introduction of new forms of currencies into circulation, which would be recognized by public authority as a legal means of payment, as well as subject to effective oversight by government bodies. The novelty of this research lies in the comparative legal analysis of the experience, as well as the stages of implementation of digital national currency in the Russian Federation and the People's Republic of China. The article raised a pressing issue on feasibility of introducing digital ruble into the Russian reality, and thus, discusses successful experience of the Chinese government that a millennium ago was first to invent paper currency, and now is one of the world leaders to introduce digital currency alongside cash money. The concept of “digital currency” is often identified with cryptocurrencies and payment systems, which prompted the authors to conduct a comparative analysis of these terms. The analysis of Russian and Chinese legislation in the area of digital currency, as well as the established practice of implementing a new monetary form into the country’s economy, allowed outlining the pros and cons of such innovation.

scholarly journals Immigration from the CIS countries to Russia in the context of the economic crisis in the Russian Federation

2018 ◽  
Vol 9 (4) ◽  
pp. 677-694
Author(s):  
Agnieszka Piekutowska ◽  
Monika Fiedorczuk
Keyword(s):  
Economic Crisis ◽  
Russian Federation ◽  
Labour Force ◽  
Gdp Per Capita ◽  
Russian Economy ◽  
Foreign Labour ◽  
The Russian Federation ◽  
Per Capita ◽  
The Difference ◽  
Cis Countries

Research background: A series of changes towards the greater openness to the influx of foreign labour force made in recent years in the Russian Federation prompts for analysis of immigration to this country as adopted solutions in the field of the migration policy affect other regions of destination (e.g. EU). Liberalisation of access of migrants to the Russian labour market is a part of a wider problem: competition (on an international scale) for an influx of foreign labour force. In this context, it is worth examining how the crisis which affected the Russian economy influenced the scale of immigration to Russia from the main sending countries, i.e. the countries of the Commonwealth of Independent States (CIS). Purpose of the article: The aim of the article is to show the impact of the crisis which affected the Russian economy in recent years on the scale of immigration from the CIS countries to Russia. The main hypothesis is as follows: the factor explaining immigration from the CIS countries to Russia is the difference in the level of income measured by GDP per capita (PPP) between the sending state and the country of destination. Such studies have not been undertaken so far and, due to the role of factors inherent in the concept of post-imperial migration, it becomes relevant to examine whether the factors shaping migration (including the differences in the level of income) recognised in the neoclassical theory of migration are important in explaining the flows in this area. Methods: In order to check the relationship between immigration and the economic crisis in Russia, the analysis of correlation and regression was used. Findings & Value added: It has been shown that despite the decline in GDP in Russia, immigration from the CIS countries to Russia is not decreasing. Therefore, it is a dependence different from the assumptions of the neoclassical economy according to which the reduction of differences in the level of income between the sending state and the country of destination reduces the scale of international migrations. As it has been shown, the scale of migration to Russia may not be explained by the difference in the level of GDP per capita in all CIS countries and, inter alia, political factors, conflicts or naturalisation processes become more important in shaping the scale of migration to Russia.

scholarly journals Political regionalism and regional aspects of transport development in Russia

2021 ◽  
Vol 20 (3) ◽  
pp. 88-96
Author(s):  
A. M. Novozhilov
Keyword(s):  
Transport System ◽  
Russian Federation ◽  
Economic Activity ◽  
Transport Infrastructure ◽  
Russian Economy ◽  
Its Regions ◽  
Spatial Dimensions ◽  
Integral Development ◽  
The Russian Federation

The upward development of the Russian economy determines the growth of production, a change in the specialization of economic activity both in Russia as a whole and in its regions. The scale and problems of the formation of the economy and transport system of the Russian Federation should be considered in the system of territorial and economic division of the country. Integral development of all elements of the national transport infrastructure in the sectoral and spatial dimensions is necessary.

scholarly journals Legal substantiation of retaliatory measures of the Russian Federation to economic sanctions of the United States, European Union, and their allies

2020 ◽  
pp. 24-37
Author(s):  
Larisa Yur'evna Dobrynina ◽  
Anna Viktorovna Gubareva
Keyword(s):  
United States ◽  
European Union ◽  
International Law ◽  
Russian Federation ◽  
Economic Activity ◽  
Economic Sanctions ◽  
The United States ◽  
Legal Regulation ◽  
Private International Law ◽  
The Russian Federation

The authors examine the economic sanctions introduced nu the U.S., EU and their allies against the Russian Federation, as well as the legal mechanism of retaliatory measures taken by Russia on the nationwide scale. The changes in the international legal regulation derailed the vector of global development, which was bringing real freedom of economic activity. Establishment of the sanction regime by the aforementioned parties signifies a struggle for own influence, weakening of the positive trade and economic ties, as well as an attempt to institute a regime of protectionism within the international trade turnover exclusively for their own benefit. Based on the analysis of the normative-legal documents, an assessment is made on the legal legitimacy of the introduced discriminatory measures of the allies from the perspective of the norms of international law. This article presents the analysis of the positions of federal laws and other legislative bills of the Russian Federation, establishing gradual constraining countermeasures for foreign subjects in various spheres of activity. The authors substantiate the fact that introduction of retaliatory economic sanctions by the Russian Federation with regards to the United States, European Union, and their allies is directly related to the implementation of the principle of reciprocity, currently existing within private international law. It is noted that all these actions on protection from illegitimate sanctions are realized by Russia practically without participation of UN, WTO and other reputable international organizations in regulation of the “sanctions” issue. The extraterritorial measures introduced by the United States and the European Union justifies the movement of Russian into a new stage of evolution of legal regulation of the foreign economic activity, and in foreign trade – establishment of new markets in Asia, Africa and Latin America.

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