The Role of Financial Law in the Regulation of International and National Socio-Economic Relations in the Context of a Pandemic and Sanctions Against Russia

The purpose of the article is to consider the features of the use of financial law in the modern socio-economic development of Russia as a factor for overcoming the influence of COVID-19 and the sanctions policy of the West. The specificity of financial law is expressed in the impact of a set of legal norms on the movement of funds regarding the organization of social relations that develop in the process of public financial activity, that is, not only in the process of financial activities of the state and local governments to financially ensure the implementation of their tasks and functions, but and implementation, in alliance with other legal sciences, is the process of regulating the entire system of material culture, which is a national wealth. This is what makes it possible to characterize the subject and method of financial law as an independent branch of Russian law. Such concepts as «property» and «ownership» are characterized as local legal problems and, in this regard, foreign rightholders of Russian property are provided with opportunities to control and influence majority, minority and share shareholders in key sectors of the Russian economy. The article provides statistical data and examples that give grounds to assert that the largest international investment and banking organizations significantly affect the functioning of the national financial and legal systems.

COVID-19, financial law, COVID-19, pandemic, legal regulation, objectification of legal relations, public financial activity, global economy, property, legal ownership, transnational corporations