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National Interests: Priorities and Security
 

The basis of Russia's financial sovereignty

Vol. 20, Iss. 5, MAY 2024

Received: 24 April 2023

Received in revised form: 15 July 2023

Accepted: 6 October 2023

Available online: 16 May 2024

Subject Heading: THREATS AND SECURITY

JEL Classification: E44, E60, E62, E69

Pages: 822–841

https://doi.org/10.24891/ni.20.5.822

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. The article investigates the policy of the largest Russian financial institutions and countering the international sanctions.
Objectives. The purpose is to analyze indicators that determine the stability of the Russian financial system.
Methods. The study draws on methods of statistical analysis.
Results. The paper determined that the basis of Russia's financial sovereignty is made up of enterprises, the production costs of which are reimbursed at the expense of proceeds from goods and services.
Conclusions. The findings can be taken into account when determining the main directions of Russia's monetary policy.

Keywords: currency, government bond, debt, balance of trade, financial sovereignty

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