This article focuses on assessing the current economic status of the new regions annexed to the Russian Federation: the Luhansk People’s Republic, the Donetsk People’s Republic, as well as the Zaporozhye and Kherson regions. The annexed territories have an area of 108,844 km² and a total population of 6.2 million people. New regions offer extensive economic potential for Russia, and a correct choice of priority areas of development is one of the most important tasks of the state. However, the special military operation has seriously destabilized the economy of most of the regions and undermined the small and medium-sized business sector. In the long term, this situation may lead to an increase in various economic crimes. The article deals with such economic crimes as money laundering and premeditated bankruptcy.
The article deals with the nature of changes in the external environment of modern international business. It is observed that the external environment is becoming increasingly volatile, uncertain, complex and ambiguous. As shown, one of the ways of optimizing the operations of international companies is fragmentation of business operations, outsourcing and offshoring of various activities, transition to a geographically distributed network model of value chains known as global value chains, GVCs. The article provides insights into modern methods of GVC management, highlighting the importance of intangible assets of MNCs.
For many years, the dollar has been considered the major currency for international settlements. However, nowadays, we observe the opposite trend of a gradual de-dollarization virtually all over the world. As the share of China’s economy in world GDP grows and its national currency becomes more significant in world trade, the need to adapt the world monetary system to new realities has become especially relevant. Transactions in national currencies in foreign trade reduce the dependence of countries on the situation on international monetary and financial markets, especially in a tense geopolitical environment. For Russia, it is fundamentally important to ensure the development of its own financial infrastructure and its technological sovereignty. The article provides a fundamental analysis of the current state of Russia’s scientific and technological potential, outlines the prospects for increasing the share of foreign trade settlements in rubles and achieving national technological sovereignty, and also presents the experience of promoting the RMB on international financial markets.
The article provides an analysis of the global consequences that followed after the introduction of anti-Russian sanctions by a number of countries. It can be noted that over the past decades economic sanctions against other countries have not led to the desired results: countries faced with sanctions tend to reject the requirements of the state imposing these restrictions. This article is based on official macroeconomic data published by international organizations, which enabled collecting up-to-date information indispensable to fully comprehend current global situation. The purpose of this paper is to define whether economic sanctions retain their efficiency in putting pressure on a country in order to maintain the established world order.
This article explores the main drivers and determinants of Russian and Chinese foreign direct investment in Central Asia, aiming to explore potential areas for economic cooperation and possible causes of conflict between the two powers in the region.
The consequences of the events of 2022 continue to impact the development of the country’s economy as a whole and the banking business in particular. And although the most significant negative consequences managed to eliminate, the financial sector continues on the transformation path. We will discuss how one of the largest market player manages to do this together with Dmitry Breytenbikher, Senior Vice President, Head of Private Banking and Privilege VTB.
