Investment Cooperation Between Russia and China Under the Sanctions Regime: Gaps in Legal Regulation and Ways to Eliminate Them

The article discusses the investment relationship between China and Russia during the period of anti-Russian economic sanctions. Under the conditions of undue restrictions, commodity trade, in particular Russia's oil and gas exports to Europe, have been hit hardest, leading to serious increases in energy prices and global inflation. The entire world economy is experiencing many difficulties in organizing the transportation of products, operating enterprises, tourism logistics, etc. Unreasonable restrictions forced large foreign companies to leave the Russian market for ideological or political reasons, which led to the restructuring of many key supplies. Thus, maintaining a strategic partnership and developing investment cooperation between Russia and China in modern conditions is a paramount task. The article deals with the legal regulation of international investment by Russian regulations. The advantages of the flexible form of regulation of investment relations through interstate agreements are shown. A critical analysis of the legal consolidation of the rights and guarantees of foreign investors is given, the author's definition of the term "friendly state" is proposed. Options for improving the Russian investment legislation in terms of insurance, taxation and raising the standard of guarantees for foreign investment are proposed.