PROBLEMS AND PROSPECTS FOR THE DEVELOPMENT OF THE RUSSIAN FINANCIAL SYSTEM IN MODERN CONDITIONS

UDC 336.02
DOI: 10.36871/ek.up.p.r.2023.10.04.012

Authors

Marina P. Sarunova,
Elina N. Bargusheva,
Galina I. Shataeva,
Ekaterina S. Pipenko,
Kalmyk State University named after B.B. Gorodovikov, Elista, Russia

Abstract

The article examines contemporary problems in the development of the Russian financial system under conditions of sanctions pressure. The shortcomings of the financial system development mechanisms existing at the time of the introduction of sanctions were identified. It is substantiated that monetary policy instruments help to align economic activity and maintain a disinflationary effect on the economy. The complex of financial instruments that must be used in the current conditions to ensure the economic, financial, and technological sovereignty of Russia is considered.

Keywords

financial system, monetary policy, currency regulation, tax policy, sanctions regime, financial and economic sovereignty.