Barter Transactions in the Foreign Economic Activity of Russian Companies under Sanctions

The article examines the reasons for the return to barter transactions in the context of the application of economic sanctions to business operations in modern Russia, concerning difficulties with settlements in national currencies, difficulties with logistics and others. The results of the analysis of publications on the topic of barter transactions in difficult economic conditions are presented, which showed the ambiguity of scientists' opinions regarding barter transactions: some believe that this situation is associated with a shortage of funds and high inflation, others with non–payments in credit chains and the lack of the possibility of selling counter goods. The authors believe that in any case, it is advisable to take into account the specifics of barter transactions. The article provides an assessment of the dynamics of foreign trade, the trends of which in terms of exports and imports are characteristic, including for barter transactions. The advantages of barter transactions in terms of circumventing difficulties in international settlements and the lack of barter transactions related to determining the equivalent value of exchanged goods are investigated. The advantages of barter transactions are revealed, consisting in demonstrating the flexibility of conducting foreign trade in difficult economic conditions. The risks in barter transactions and the possibilities of their insurance have been identified. The results of the study can be used in the process of developing and conducting various types of barter transactions that contribute to strengthening international relations to maintain commodity exchange in difficult conditions of economic sanctions against Russia.