Digital Monetary Resources of Russia (digital ruble) as a Means of Distribution in the Financial System: Legal Aspects of Possible Application
The article discusses the legal aspects of digital rubles being introduced into the monetary system of Russia in the near future. The author, analyzing current legislation, existing studies, foreign practice on the introduction of similar monetary units and statements of Russian practitioners in the...
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| Format: | Article |
| Language: | English |
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North-West Institute of Management, Branch of Russian Presidential Academy of National Economy and Public Administration (RANEPA)
2024-04-01
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| Series: | Теоретическая и прикладная юриспруденция |
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| Online Access: | https://www.taljournal.ru/jour/article/view/357 |
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| _version_ | 1841536675341139968 |
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| author | A. В. Ivanujenko |
| author_facet | A. В. Ivanujenko |
| author_sort | A. В. Ivanujenko |
| collection | DOAJ |
| description | The article discusses the legal aspects of digital rubles being introduced into the monetary system of Russia in the near future. The author, analyzing current legislation, existing studies, foreign practice on the introduction of similar monetary units and statements of Russian practitioners in the field of public finance, comes to the conclusion that the introduction of a new type of Russian banknotes is a response to sanctions from the so-called “unfriendly states” that create certain risks for the development of the Russian financial system. The author comes to the conclusion that the digital ruble is the next step towards the development of the principles of targeting, efficiency and the purpose of budget funds. In addition, the author comes to the conclusion that the introduction of the digital ruble contributes to the solution of issues such as the effectiveness of social policy and anti-corruption. |
| format | Article |
| id | doaj-art-b4fa753a29ad4b8db729f1232d075393 |
| institution | Kabale University |
| issn | 3034-2813 |
| language | English |
| publishDate | 2024-04-01 |
| publisher | North-West Institute of Management, Branch of Russian Presidential Academy of National Economy and Public Administration (RANEPA) |
| record_format | Article |
| series | Теоретическая и прикладная юриспруденция |
| spelling | doaj-art-b4fa753a29ad4b8db729f1232d0753932025-01-14T11:56:24ZengNorth-West Institute of Management, Branch of Russian Presidential Academy of National Economy and Public Administration (RANEPA)Теоретическая и прикладная юриспруденция3034-28132024-04-0101233610.22394/2686-7834-2024-1-23-36216Digital Monetary Resources of Russia (digital ruble) as a Means of Distribution in the Financial System: Legal Aspects of Possible ApplicationA. В. Ivanujenko0North-Western Institute of Management, Russian Academy of National Economy and Public Administration under the President of the Russian FederationThe article discusses the legal aspects of digital rubles being introduced into the monetary system of Russia in the near future. The author, analyzing current legislation, existing studies, foreign practice on the introduction of similar monetary units and statements of Russian practitioners in the field of public finance, comes to the conclusion that the introduction of a new type of Russian banknotes is a response to sanctions from the so-called “unfriendly states” that create certain risks for the development of the Russian financial system. The author comes to the conclusion that the digital ruble is the next step towards the development of the principles of targeting, efficiency and the purpose of budget funds. In addition, the author comes to the conclusion that the introduction of the digital ruble contributes to the solution of issues such as the effectiveness of social policy and anti-corruption.https://www.taljournal.ru/jour/article/view/357budgetdigital rublesanctions of unfriendly statesblockchainsocial policyfiat money |
| spellingShingle | A. В. Ivanujenko Digital Monetary Resources of Russia (digital ruble) as a Means of Distribution in the Financial System: Legal Aspects of Possible Application Теоретическая и прикладная юриспруденция budget digital ruble sanctions of unfriendly states blockchain social policy fiat money |
| title | Digital Monetary Resources of Russia (digital ruble) as a Means of Distribution in the Financial System: Legal Aspects of Possible Application |
| title_full | Digital Monetary Resources of Russia (digital ruble) as a Means of Distribution in the Financial System: Legal Aspects of Possible Application |
| title_fullStr | Digital Monetary Resources of Russia (digital ruble) as a Means of Distribution in the Financial System: Legal Aspects of Possible Application |
| title_full_unstemmed | Digital Monetary Resources of Russia (digital ruble) as a Means of Distribution in the Financial System: Legal Aspects of Possible Application |
| title_short | Digital Monetary Resources of Russia (digital ruble) as a Means of Distribution in the Financial System: Legal Aspects of Possible Application |
| title_sort | digital monetary resources of russia digital ruble as a means of distribution in the financial system legal aspects of possible application |
| topic | budget digital ruble sanctions of unfriendly states blockchain social policy fiat money |
| url | https://www.taljournal.ru/jour/article/view/357 |
| work_keys_str_mv | AT avivanujenko digitalmonetaryresourcesofrussiadigitalrubleasameansofdistributioninthefinancialsystemlegalaspectsofpossibleapplication |