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Finance and Credit
 

Problematic aspects of achieving Russia's financial sovereignty

Vol. 29, Iss. 3, MARCH 2023

Received: 17 November 2022

Received in revised form: 9 January 2023

Accepted: 23 January 2023

Available online: 30 March 2023

Subject Heading: Financial system

JEL Classification: E40, Е52, Е58, Н60, О01

Pages: 527–555

https://doi.org/10.24891/fc.29.3.527

Oleg M. ALIEV Dagestan State University (DSU), Makhachkala, Republic of Dagestan, Russian Federation
oaom666@mail.ru

https://orcid.org/0000-0002-8963-1196

Subject. This article discusses the issues related to the financial sovereignty of Russia.
Objectives. The article aims to identify challenges to achieving Russia's financial sovereignty.
Methods. For the study, I used analysis and synthesis, comparative analysis, and the logical and systems approaches.
Results. The article identifies the problems that prevent Russia from being financially sovereign and proposes the necessary priority measures for the country to gain financial sovereignty.
Conclusions and Relevance. The article finds that the current model of economic development of Russia does not allow it to be sovereign, and for this, it is necessary to change this model. The results of the study can be used by financial and banking employees, public authorities, as well as research and educational organizations.

Keywords: sovereignty objectives, development strategy, import substitution, mobilization, planning

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