Legal Foundations of Sustainable Development and Modern Global Challenges
https://doi.org/10.26794/1999-849X-2023-16-5-160-168
Abstract
The subject of the study is the formation of the law of sustainable development in the context of modern global challenges. The subject of law is social relations of sustainable development, which are regulated by separate branches of law, forming together a separate branch of law. The legal foundations of sustainable development, which have been formed under the influence of international cooperation processes, are currently being subjected to new threats — illegitimate economic sanctions restrictions that call into question the previously stated goals of sustainable development.
The purposes of the work are to review the current state and prospects for the development of the legal framework in the context of both traditional threats and new challenges caused by the sanctions policy of Western countries, and to assess the prospects for sustainable development in Russia. It is established that the first year of the functioning of the Russian economy under sanctions showed both their negative impact and a certain adaptive potential of Russian companies. The prerequisites for the formation, essence and subject of the law of sustainable development, as well as methods of legal regulation on the examples of legal mechanisms for the inclusion of factors of sustainable development in the practice of companies are considered. The issue of the legitimacy of unilateral economic sanctions from the point of view of international law was raised. The impact of sanctions on the activities of Russian companies and their commitment to the principles of sustainable development is assessed.
Conclusions are drawn that the business community considers the mechanisms of legal regulation of sustainable development as anti-crisis measures and considers it expedient and justified in the long term to pursue a policy of maintaining commitment to sustainable development and finding ways to overcome sanctions pressure.
About the Author
D. N. Ershov
FRI of the Ministry of Finance of Russia
Russian Federation
Russian Federation
Dmitry N. Ershov - Cand. Sci. (Phys. — Math.), Senior Researcher at the Center for International Finance
Moscow
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Review
For citations:
Ershov D.N. Legal Foundations of Sustainable Development and Modern Global Challenges. Economics, taxes & law. 2023;16(5):160-168. (In Russ.) https://doi.org/10.26794/1999-849X-2023-16-5-160-168
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