Features and Directions of Transformation of the Management Model of the Financial and Economic System of Russia in the Context of Increasing Global Challenges

The subject of the study is the position of Russia in the realities of a new format of international financial and economic relations, determined by how competitive the national economy is and what adaptive capabilities it has to withstand the geopolitical and geo-economic challenges that have recently intensified.

The purpose of the work is to assess the effectiveness of the measures taken to adapt the Russian economy to the conditions of increasing global risks and countering the sanctions policy of Western countries based on the formation of a predominantly state-regulated model of financial and economic system management. As a result of the study, the structural elements of the formation of a predominantly state-regulated model of managing monetary and financial relations in the context of new global challenges are systematized and the effectiveness of the f irst results of its practical use at this stage is confirmed in terms of strengthening the external and internal positions of the Russian ruble, stability of the balance of payments, servicing external debt, curbing a sharp economic downturn and optimizing the structure of international reserves.

Conclusions are drawn that the transition to a new management model of the financial and economic system of Russia currently being implemented and the emergency measures taken in the field of monetary and financial policy and a number of other areas, giving certain positive results to increase the stability of the Russian economy, require their addition with strategic measures designed for the medium term. It is important to pay special attention to the transition to strategic medium-term planning of financial and economic activities, consolidation of state financial institutions to promote long-term investments, reform of the monetary policy strategy of monetary authorities.

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