Russian financial market development strategic initiatives under sanctions and in the aftertime
New challenges and restrictions, imposed by a number of countries, affected the Russian financial system and real sector of economy, so implementation of responsive strategic decisions to support financial and real sectors of the economy is necessary. The study’s goal is to develop proposals for financ...
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| Format: | Article |
| Language: | Russian |
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Government of the Russian Federation, Financial University
2023-01-01
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| Series: | Мир новой экономики |
| Subjects: | |
| Online Access: | https://wne.fa.ru/jour/article/view/378 |
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| _version_ | 1849343621016322048 |
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| author | K. L. Astapov |
| author_facet | K. L. Astapov |
| author_sort | K. L. Astapov |
| collection | DOAJ |
| description | New challenges and restrictions, imposed by a number of countries, affected the Russian financial system and real sector of economy, so implementation of responsive strategic decisions to support financial and real sectors of the economy is necessary. The study’s goal is to develop proposals for financial market strategy in new conditions, to support investment opportunities for Russian investors and investors from friendly and neutral countries, to control capital flow in the medium term. The research result is the justification of the new model of the Russian financial system, which is based not only on liberal economic paradigm but also on realities of economic pressure on our country. In the current crisis, it is advisable to have two models of the financial market: the first is based on recognized international principles, which applied to large public Russian companies; the second is focused on companies under sanctions and regional business. Strengthening regulation of cross-border capital movement, including introduction of strict restrictions on capital withdrawal, as well as limits on operations on foreign exchange market, are seen not only as temporary anti-crisis instruments of state regulation, but as the basis for strategy construction for the financial market development. Support of the state development institutions, commercial banks and large corporations of the limited interaction model with developed countries will reduce systemic risks not just in critical periods, but also in the future. Therefore, this can attract resources to real investment projects and stimulate the growth of the capitalization of Russian companies. |
| format | Article |
| id | doaj-art-b6a731330f5145998dda8429a7bf942d |
| institution | Kabale University |
| issn | 2220-6469 2220-7872 |
| language | Russian |
| publishDate | 2023-01-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Мир новой экономики |
| spelling | doaj-art-b6a731330f5145998dda8429a7bf942d2025-08-20T03:42:56ZrusGovernment of the Russian Federation, Financial UniversityМир новой экономики2220-64692220-78722023-01-011649911210.26794/2220-6469-2022-16-4-99-112368Russian financial market development strategic initiatives under sanctions and in the aftertimeK. L. Astapov0Lomonosov Moscow State University; Ministry of Finance of the Russian FederationNew challenges and restrictions, imposed by a number of countries, affected the Russian financial system and real sector of economy, so implementation of responsive strategic decisions to support financial and real sectors of the economy is necessary. The study’s goal is to develop proposals for financial market strategy in new conditions, to support investment opportunities for Russian investors and investors from friendly and neutral countries, to control capital flow in the medium term. The research result is the justification of the new model of the Russian financial system, which is based not only on liberal economic paradigm but also on realities of economic pressure on our country. In the current crisis, it is advisable to have two models of the financial market: the first is based on recognized international principles, which applied to large public Russian companies; the second is focused on companies under sanctions and regional business. Strengthening regulation of cross-border capital movement, including introduction of strict restrictions on capital withdrawal, as well as limits on operations on foreign exchange market, are seen not only as temporary anti-crisis instruments of state regulation, but as the basis for strategy construction for the financial market development. Support of the state development institutions, commercial banks and large corporations of the limited interaction model with developed countries will reduce systemic risks not just in critical periods, but also in the future. Therefore, this can attract resources to real investment projects and stimulate the growth of the capitalization of Russian companies.https://wne.fa.ru/jour/article/view/378strategyfinancial marketsanctionscapital flowinternational financial institutions |
| spellingShingle | K. L. Astapov Russian financial market development strategic initiatives under sanctions and in the aftertime Мир новой экономики strategy financial market sanctions capital flow international financial institutions |
| title | Russian financial market development strategic initiatives under sanctions and in the aftertime |
| title_full | Russian financial market development strategic initiatives under sanctions and in the aftertime |
| title_fullStr | Russian financial market development strategic initiatives under sanctions and in the aftertime |
| title_full_unstemmed | Russian financial market development strategic initiatives under sanctions and in the aftertime |
| title_short | Russian financial market development strategic initiatives under sanctions and in the aftertime |
| title_sort | russian financial market development strategic initiatives under sanctions and in the aftertime |
| topic | strategy financial market sanctions capital flow international financial institutions |
| url | https://wne.fa.ru/jour/article/view/378 |
| work_keys_str_mv | AT klastapov russianfinancialmarketdevelopmentstrategicinitiativesundersanctionsandintheaftertime |