Modern Digital Technologies in International Settlements as Tools to Circumvent Anti-Russian Sanctions
Abstract
The subject of the study is modern digital technologies as factors in the development of international settlements. The purpose of the work is to establish the specifics of international settlements in digital currencies in the context of sanctions pressure on Russia. The article discusses new digital technologies that can be used to make international payments without the use of «toxic» world reserve currencies. The prospects of using digital financial assets for international settlements are assessed using the example of various forms of centralized and decentralized digital currencies, such as cryptocurrencies, stablecoins, and national digital currencies. It is noted that the most promising form of international settlements are national digital currencies, the value of which, unlike decentralized cryptocurrencies, is set and guaranteed by the state through the central bank. It is concluded that the optimal form of international settlements for Russia in the future may be the implementation of the digital ruble project, the use of which as an instrument of international payments is possible thanks to the joint efforts of interested countries to create appropriate technical prerequisites for financial cooperation in this area.
Keywords
Supporting agencies: The article was prepared on the basis of research work carried out within the framework of the state task 2023–2024.
About the Author
V. V. Antropov
Financial University, Moscow, Russia
Russian Federation
Russian Federation
Vladislav V. Antropov — Dr. Sci. (Econ.), Prof. of Department of World Economics and World Finance
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Review
For citations:
Antropov V.V. Modern Digital Technologies in International Settlements as Tools to Circumvent Anti-Russian Sanctions. Economics, taxes & law. 2024;17(6):47-55. (In Russ.)
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