Current Trends in the Development of the International Payments System of the Russian Federation

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The article discusses current and promising directions of transformation of the foreign exchange market of the Russian Federation in the context of an acute phase of international economic and political confrontation and the implementation of unprecedented sanctions pressure on the national economy. The article pays special attention to the factors that have the greatest impact on the process of transformation and development of the Russian foreign exchange market and, in particular, the conduct of international payments in the implementation of foreign economic activity. Given the fact that in the modern structure of any developed national economy (as well as the global one), the foreign exchange market is one of its key segments that influence the entire trajectory of further development, it is extremely important to minimize risks and threats, both internal and external, especially those that interfere with the flexible adaptation of the system to rapidly changing conditions. The article also analyzes and identifies, in the author's opinion, the most effective methods and mechanisms of such adaptation to the conditions of the current «new reality».

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Sobre autores

Yevgenia Ievleva

Russian Academy of National Economy and Public Administration under the President of the Russian Federation

Autor responsável pela correspondência
Email: evgeni135@yahoo.com

postgraduate student, Institute of Public Administration and Management

Rússia, Moscow

Sergey Drobyshevsky

Russian Academy of National Economy and Public Administration under the President of the Russian Federation

Email: evgeni135@yahoo.com
Código SPIN: 5888-1380
Scopus Author ID: 314675

Dr. Sci. (Econ.), Associate Professor, Deputy Director of the Institute of Applied Economic Research in Science

Rússia, Moscow

Evgeny Anishchenko

Lomonosov Moscow State University

Email: ewgenzz@mail.ru
Código SPIN: 4085-5568
Scopus Author ID: 520349

Dr. Sci. (Econ.), Associate Professor, Associate Professor of the Department of Economic and Financial Investigations, Higher School of Public Audit

Rússia, Moscow

Bibliografia

  1. Federal Law No. 173-FZ of 10.12.2003 (as amended on 08.08.2024) «On Currency Regulation and Currency Control» (with amendments and additions, introduction. effective from 09/01/2024) // Rossiyskaya Gazeta, №. 253, 12/17/2003.
  2. Decree of the Government of the Russian Federation dated 05/28/2022 №. 977 «On currency control measures under external sanctions pressure» // Collection of Legislation of the Russian Federation, 06.06.2022, №. 23, art. 3805.
  3. Manyakhin T.V. Regulatory aspects of the ruble exchange rate in Russian the realities of inflation targeting // Managerial accounting. 2023. №. 5. pp. 380–393.
  4. Anishchenko E.V. Capital outflow—a systemic threat to the sustainability of ensuring economic security of the Russian Federation // Problems of economics and legal practice. —2020. —№. 4.
  5. Anishchenko E.V. Theoretical and methodological foundations of the analysis of the oscillation of economic processes // Problems of economics and legal practice. —2020. —Vol. 15, №. 4. —pp. 213–218.
  6. Extract from the minutes of the meeting of the subcommittee of the Government Commission for the Control of Foreign Investment in the Russian Federation dated 06/09/2022 No. 61 (brought by the Ministry of Finance of the Russian Federation on 06/10/2022 No. 05-06-05/VN-29704).
  7. Russia and the world: 2023. Economics and foreign policy. Annual forecast / hand. project: A.A. Dynkin, V.G. Baranovsky; ed.: G.I. Machavariani, I.Ya. Kobrinskaya. —Moscow : IMEMO RAS, 2022. —130 p.
  8. Statistics of the external sector. The official website of the Bank of Russia. URL: https://www.cbr.ru.
  9. The Bank of Russia promotes the transformation of the international settlement system. The official website of the Bank of Russia. URL: https://www.cbr.ru.
  10. The Bank of Russia. The balance of payments of the Russian Federation. [electronic resource]. URL: https://www.cbr.ru/statistics/macro_itm/svs/p_balance / (date of access: 04/28/2024).
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  14. Analytical review // Website: rosstat.gov.ru/

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