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.

The increase in the scale of crisis phenomena occurring within the framework of the neoliberal paradigm of financial globalization hinders the provision of stable and sustainable development at the global level. The shift of the center of global reproduction processes from the West to the East leads to the transformation of the regulatory, institutional and supervisory framework for the functioning of the global monetary and financial system. The purpose of the article is to determine the possibilities of strengthening Russia’s financial sovereignty in the current geopolitical situation based on the analysis of the contradictions of the modern world financial architecture. The subject of the study is the institutional and functional foundations of the global financial architecture, which became the causes of the crisis of the unipolar world order. It is revealed that the modern concept of the world financial architecture causes the dysfunctionality of the world monetary and financial system, which leads to the monopolization of standards and rules that determine the access of subjects of the world economy to the resources of the world financial market. The role of informal supranational institutions providing unequal exchange in the global financial market is shown. It is concluded that in order to overcome institutional monopolism in the global financial system and enter the trajectory of sustainable development, Russia should step up its participation in the design and creation of the Eurasian financial architecture, independent of politicized global financial structures.

The subject of the study is the transformations taking place in the US economy, which de facto reflect a departure from the concept of neoliberalism by strengthening state regulation in sectors and segments of the national economy. The purpose of the work is to identify the underlying causes of the US sanctions policy towards Russia as a result of the changes taking place in their domestic policy pursued by the American establishment. The article demonstrates that international economic organizations are not yet able to realistically assess the prospects for sustainable development of the world

The subject of the study is the main directions of transformation of the world monetary and financial system (WMFS). The relevance of the article is due to the need to determine the main directions of the Russian Federation’s actions to strengthen the country’s position in the global economy and global finance in the context of an unprecedented sanctions regime. The purpose of the work is to determine the place and role of Russia in the formation of a new world order in the monetary and financial sphere of interstate relations. The features of the functioning of the current WMFS are analyzed. Russia’s place in the global financial and economic system is determined. The degree of its influence on the functioning of the modern WMFS is revealed. The main directions and forms of the Russian Federation’s participation in the further transformation of the WMFS are determined. It is established that deglobalization, protectionism and fragmentation of the Ministry of Internal Affairs have significantly accelerated as a result of the sanctions policy on the part of the West in connection with the conduct of a special military operation by the Russian Federation in Ukraine and its expected consequences for the future world order and the formation of a new configuration of opposing centers of power. It is concluded that the formation of a new decentralized WMFS will have a complex multi-vector orientation and will be designed to ensure the balance of interests of various poles of financial and economic power. The Russian Federation will have to find a development path that not only meets its national interests as much as possible, but also unites partner countries in an effort to form an equal union that creates opportunities for the growth of all its participants.

The subject of the study is the state of the food problem in the world and ways to solve it in the context of new challenges and threats. The aims of the work are to analyze the whole complex of causes that destabilize food supply, and to identify counter trends that create prerequisites for reducing the immediacy of this problem in the world. The authors gave an expanded interpretation of the global food problem, which refers not only to a shortage of alimentary products that threatens the food security of states, but also difficulties in the logistics of food delivery and distribution. The study identified conditions that exacerbated the risks of the food problem in the world as a whole and in certain regions in particular, which include the imperfection of the production and resource base, the impact of the COVID-19 pandemic and climatic factors, geopolitical cataclysms and insufficiently flexible international cooperation. It found that one of the main causes of the rise in food prices in the world is the aggravation of the global geopolitical situation, which entailed the transformation of the basic economic ties of states and global supply chains, and this became a serious challenge not only for Russia, but for all states of the world. Based on the analysis of current trends in providing people with alimentary products, the study concludes that the symptoms of a serious agri-food crisis are growing in the context of slowing economic growth in the world, increasing unemployment and declining real incomes of the population affected by the COVID-19 pandemic, and because of the aggravation of the politico-military situation in the world, climate change and economic shocks.

The relevance of the study is due to the significant dependence of the economy of the Russian Federation on the activities and technologies of global corporations. The subject of the study is the impact of global corporate control on the economic security of the Russian Federation in the financial sphere. The objectives of the work are to establish and characterize the main directions of the influence of global corporate control on the economic security of the Russian Federation for the development of measures to protect the economic sovereignty of the country by reducing the dependence of the Russian economy on the activities of transnational corporations. As a result of the research, the presence of the same large shareholders in the capital of global corporations has been revealed. It is established that the instrument of suppression of competition, as well as financial monopolization of the world economy is the overconcentration of global financial capital. The analysis of the mechanisms of non-financial global corporate control in the areas of technologically complex and simple production is carried out. It is concluded that global corporate control is possible primarily in the field of non–financial production through the use of a chain of vertical progress —  from the production of technologically simple products to the manufacture of more complex products, also as a result of the transformation of technological sovereignty into financial sovereignty.

The subject of the research is new formats of socio-economic interaction in the conditions of digitalization. The purpose of the work is to establish the degree of influence of digitalization on the transformation of relations between business, society and the state. The article examines the consequences of the digitalization of the economy and society, which are considered in the context of overcoming economic inequality as a necessary condition for the transition to a new effective management model. The current trends of the digitalization process are determined, which clearly manifest themselves in various forms in various spheres of the economy and society. The article describes the impact of digital technologies on the labor market and financial services, industrial production, management and sales, the development of Russian business by type of economic activity, etc. It is concluded that technological optimism caused by the widespread introduction and spread of digital technologies is undergoing significant deformation. New information and communication technologies, which were initially considered tools used to reduce the costs of management, logistics, bureaucratic procedures, expand opportunities for receiving, transmitting and storing information, and fight corruption, should ultimately lead to a reduction in economic and social inequality. It is obvious that with the help of digital technologies it is possible to improve various aspects of economic and social life, to develop new formats of socio-economic interactions. However, when evaluating the results of digitalization in practice, achieving the goals set looks like a contradictory, ambiguous process.

The country’s position in the system of modern international finance depends on its emission and currency policy in the f ield of monetary relations. The subject of the study is international monetary relations as an integral part and one of the most complex spheres of market economy regulating the functioning of money in foreign trade turnover. The existing system of monetary and credit relations of countries causes an unequal exchange in international finance, which increases the imbalance between the real contribution of various countries to world GDP and the scale of use of their national currencies. The purpose of the work is to develop a mechanism for selecting currencies for settlements based on the activity indicator of the trade balance of the parties to establish an equivalent commodity —  money exchange between the countries. The aggressive nature of foreign policy, the speculative nature of banking and exchange operations as opposed to the real sector of the economy, the monocentric dominance of world currencies lead the world financial and political system to a dead end. The scientific novelty of the article consists in the development of a mechanism for the selection and verification of currencies in calculations according to the criterion of foreign trade business activity. Conclusions are drawn about the advantages of choosing currencies by countries with an active trade balance within the framework of mutual agreements in the process of concluding international agreements on an equal and mutually beneficial basis.

The subject of the study is financing of projects to reduce atmospheric air pollution with greenhouse gases by enterprises of the region on the basis of trading quotas for environmental pollution to achieve the criteria of sustainable development. The purpose of the work is to form a mechanism for regional trade in environmental pollution quotas to reduce the unit costs of enterprises for the volume of prevented emissions of harmful substances. It is proposed to extend the operation of the quota trading mechanism to the implementation of their comprehensive assessment by calculating the total reduced greenhouse gas emissions. An iterative procedure has been developed for excluding costly projects from the list of facilities planned for construction due to the possible acquisition of environmental pollution quotas for existing enterprises, which includes a model for forming an optimal portfolio of atmospheric protection projects of the enterprise and a model for its adjustment by determining the optimal option for acquiring environmental pollution quotas. The proposed mechanism makes it possible to reduce atmospheric air pollution in the region. Conclusions are drawn that the mechanism of regional trade in greenhouse gas pollution quotas developed in the study meets the requirements of optimal “green” financing and can be easily adapted to any production at the regional level, including a production cluster, a municipal district, a city. These calculations make it possible to apply the developed mechanism of regional trade in environmental pollution quotas for companies, including mining, processing and transport.

The subject of the study is budget investments and their impact on economic growth. The relevance of the topic of the article is due to the state of the modern economy, which is characterized by high turbulence and restrained economic growth, which has led to a change in the approaches of scientists to the role of the state in the economy and the search for tools capable of maintaining stable rates of economic growth in the long term. The purpose of the work is to quantify the impact of budget investments on economic growth in the Russian Federation. The article defines theoretical approaches to quantifying the impact of budget investments on economic growth through a retrospective analysis of the effects of budget investments using econometric tools; calculation of cross-country indices for evaluating the effectiveness of budget investments; modeling the possible effect of budget investments based on retrospective socio-economic data. The analysis of the effectiveness of budget investments in the Russian Federation using indicators of the quality of basic infrastructure is carried out. Based on the World Bank’s Long-term Growth Model, three options for possible changes in the volume of budget investments in the Russian Federation are considered, and an assessment of the economic effect of their implementation is carried out. The article concludes that in order to maintain stable economic growth rates in the Russian Federation, it is necessary to increase the volume of budget investments while maintaining the established level of state capital expenditures over the long-term horizon.

The subject of the study is the resort and recreational sphere in Russia, which traditionally performs important socio economic functions, ensuring the restoration of health and working capacity of employees and their family members. In difficult geopolitical conditions, it is necessary to search for growth points that can become an adequate and accurate response to the sanctions policy of the West. The resort and recreational sphere not only contributes to improving the quality of life and preserving human potential, but also provides social stability and balance in the labor market. The purpose of the work is to model the directions of stimulating the economic growth of the region based on the development of resort and recreational areas. The strengthening of the importance of enterprises and organizations of resort medicine in regions that have historically developed recreational and health-improving and rehabilitation activities aimed at disease prevention and health promotion, support of the labor market and consumer market, maintaining the trend towards the activation of domestic tourism and acceptance of the growing tourist flow. It is determined that the fulfillment of the tasks facing the recreational-resort complex depends on strategic and tactical planning, which allows to increase the commercial effect of using the diagnostic and therapeutic base, to reduce the costs of non-core functions. At the regional level, significant results are considered to be the attraction of tourist flow from other subjects of the Russian Federation, the promotion of service programs with high medical and social potential, the formation of foreign economic relations. The purpose of the work is to model the directions of stimulating the economic growth of the region based on the development of resort and recreational areas. Research methods —  system, structural-functional and comparative analysis, modeling of socio-economic processes. Conclusions are drawn that it is necessary to have a scientifically based strategic goal-setting, its relationship with tactical measures to support resort and recreational areas, which will contribute to solving economic, environmental and social restrictions in the conditions of Western sanctions. Significant effects will be the formation of new jobs, the provision of health and wellness services to a large circle of people, including those in need of rehabilitation.

The dominant feature of modern financial relations is the high rate of innovation in both quantity and cost. In this regard, it is important to determine the impact of new technologies on the financing of trade relations of the EAEU, of which the Russian Federation is a member. In conditions of overcoming the consequences of military-political and epidemiological threats, innovations play an important role in increasing labor productivity and stimulating sustainable growth, primarily in the countries that are at the forefront of technological transformation of economic processes. The relevance of the study is due to the difficult period of development of traditional international trade in connection with the peculiarities of modern geopolitics of states that have entered into a competitive struggle at a new stage of the world economy. A wide “lockdown”, interrupted supply chains of goods and equipment increased the level of risk of export and import operations. The development of innovative financial technologies can reduce the risk of trade finance and create favorable conditions for the development of international trade. The subject of the study is the economy of trade relations of the EAEU as a special sphere of economic activity of economic entities in the period of digitalization, which creates a new product that ensures the sale of goods and services in the current conditions of cooperation of the interstate association. The purpose of the work is to identify and disclose the problems and prospects of using new technologies in ensuring trade financing of business entities of partner countries. Conclusions are drawn that digitalization is not an additional service, but a forced measure of trade finance administration along the entire chain of economic entities involved in international trade. The study was conducted on the basis of reliable general and specialized information, as well as theoretical methods such as analysis, synthesis, classification, generalization and analogy, as well as case methods that help identify the features of the use of innovations in ensuring trade financing of the EAEU.

The subject of the study is the mechanism of tax administration of the innovative information technology (IT) industry. The purpose of the work is to improve the process of managing tax control over the IT sphere, aimed at identifying tax offenses in it, as well as carrying out preventive measures to comply with tax legislation and ensuring the inevitability of punishment for violating its norms. The beginning of the formation of a specific approach to taxation of the IT sector has been established, which has accelerated and received more explicit expression in recent years. The formed mechanisms of tax administration are analyzed, which made it possible to identify their permanent lag behind the pace of development of new digital business models created by the IT industry. The modern concept of tax administration is supplemented with feedback elements as a necessary element of the IT industry tax administration model and it is proposed to use the existing institute of self-regulatory organizations (SRO) as a trusted link in the tax administration of the IT industry, the advantages of which may be the possibility of applying in practice the accumulated professional experience of financial and economic experts of the industry, allowing to determine the legitimate affiliation of organizations to the IT industry to provide tax benefits, provided for IT companies. It is concluded that it is necessary to improve this mechanism in relation to the dynamically developing IT industry.