2024, Vol. 11, No. 4. - go to content...

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DOI: 10.15862/11ECOR424 (https://doi.org/10.15862/11ECOR424)

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Makhinenko M.V., Korneva G.V. Ways to strengthen Russia’s economic security by improving the functioning of the country’s monetary system. Russian journal of resources, conservation and recycling. 2024; 11(4). Available at: https://resources.today/PDF/11ECOR424.pdf (in Russian). DOI: 10.15862/11ECOR424

Ways to strengthen Russia’s economic security by improving the functioning of the country’s monetary system

Makhinenko Maria Valerievna
Moscow State University of Technology and Management named after K.G. Razumovsky (First Cossack University),
Moscow, Russia
E-mail: Makhinenko.mariya@yandex.ru

Korneva Galina Viktorovna
Moscow State University of Technology and Management named after K.G. Razumovsky (First Cossack University),
Moscow, Russia
E-mail: g.korneva@mgutm.ru

Abstract. The presented study examines in detail the state of the Russian monetary system in the context of the country’s economic security. It is highlighted that in modern political and economic conditions, the monetary system is one of the most vulnerable links. The main problems are related to the negative impact of foreign financial capital, which seeks to displace Russian products from international markets and gain access to the country’s strategic resources. This study examined the current state of the Russian monetary system as one of the weakest links in the country’s economic security. The importance of ensuring economic security in the context of the macroeconomic situation, the influence of foreign financial capital, and the conditions for maintaining the national interests of the Russian Federation was emphasized. In addition, the strategic objectives of the investment policy of economically developed countries in relation to the Russian Federation, as well as methods of unfair competition, including ousting Russian enterprises from the international market and gaining access to strategically important resources of the Russian Federation, were analyzed. Moreover, this article presents a detailed classification of threats divided into external (for example, loss of positions in foreign markets, sanctions policy, high mobility of financial markets) and internal (for example, a protracted financial and economic crisis, weakening of the financial and credit system, criminalization of economic relations). The study also focuses on the need to respect national interests and improve the effectiveness of the monetary system for sustainable development. Important tasks relate to countering capital outflow, stimulating long-term investments, improving the legal framework and creating conditions for the successful functioning of the economy.

Keywords: economic security; monetary system; financial capital; macroeconomic policy; investment policy; inflation; investments; financial markets; corruption; competition

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