Analyzing Monetaray and Credit Policy of the Russian Federation in Conditions of Sancion Restrictions

The article deals with problems connected with monetary and credit policy of the Russian Federation in new economic and geo-political conditions, such as mass sanction pressure on home economy, serious fluctuations of raw material prices, drastic changes in economic logistic chains and growing needs...

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Main Author: E. V. Erokhina
Format: Article
Language:Russian
Published: Plekhanov Russian University of Economics 2024-03-01
Series:Вестник Российского экономического университета имени Г. В. Плеханова
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Online Access:https://vest.rea.ru/jour/article/view/1911
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author E. V. Erokhina
author_facet E. V. Erokhina
author_sort E. V. Erokhina
collection DOAJ
description The article deals with problems connected with monetary and credit policy of the Russian Federation in new economic and geo-political conditions, such as mass sanction pressure on home economy, serious fluctuations of raw material prices, drastic changes in economic logistic chains and growing needs in budget expenditure. The author showed the role of monetary and credit sphere in the system of providing national economic security in the country, investigated tools of monetary and credit policy in conditions of sanctions and analyzed and assessed key trends that are realized by the Bank of Russia and aimed at overcoming economic after-effects of sanctions. The article fixed characteristics of the monetary and credit system which can be considered safe. Steps of the Bank of Russia aimed at overcoming economic after-effects and minimization of threats for the monetary and credit system were studied. It was shown that innovation development of the banking system is still a promising trend that includes the project of using the digital profile aiming at higher accessibility of finance resources and minimization of negative consequences of sanction restrictions. And finally, the author came to the conclusion that high degree of openness of such policy can increase confidence on the part of economic relation entities to the Central Bank of the Russian Federation as a key monetary and credit institution.
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series Вестник Российского экономического университета имени Г. В. Плеханова
spelling doaj-art-c8b256b657bc4543a77357a38e63b3f12025-08-20T02:53:21ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512024-03-01029410110.21686/2413-2829-2024-2-94-1011212Analyzing Monetaray and Credit Policy of the Russian Federation in Conditions of Sancion RestrictionsE. V. Erokhina0Bauman Moscow State Technical University (Kaluga Branch); Plekhanov Russian University of EconomicsThe article deals with problems connected with monetary and credit policy of the Russian Federation in new economic and geo-political conditions, such as mass sanction pressure on home economy, serious fluctuations of raw material prices, drastic changes in economic logistic chains and growing needs in budget expenditure. The author showed the role of monetary and credit sphere in the system of providing national economic security in the country, investigated tools of monetary and credit policy in conditions of sanctions and analyzed and assessed key trends that are realized by the Bank of Russia and aimed at overcoming economic after-effects of sanctions. The article fixed characteristics of the monetary and credit system which can be considered safe. Steps of the Bank of Russia aimed at overcoming economic after-effects and minimization of threats for the monetary and credit system were studied. It was shown that innovation development of the banking system is still a promising trend that includes the project of using the digital profile aiming at higher accessibility of finance resources and minimization of negative consequences of sanction restrictions. And finally, the author came to the conclusion that high degree of openness of such policy can increase confidence on the part of economic relation entities to the Central Bank of the Russian Federation as a key monetary and credit institution.https://vest.rea.ru/jour/article/view/1911the bank of russiasanctionsrestrictionsbank toolsinflationdigital rubleinnovation development of the banking systemconfidence
spellingShingle E. V. Erokhina
Analyzing Monetaray and Credit Policy of the Russian Federation in Conditions of Sancion Restrictions
Вестник Российского экономического университета имени Г. В. Плеханова
the bank of russia
sanctions
restrictions
bank tools
inflation
digital ruble
innovation development of the banking system
confidence
title Analyzing Monetaray and Credit Policy of the Russian Federation in Conditions of Sancion Restrictions
title_full Analyzing Monetaray and Credit Policy of the Russian Federation in Conditions of Sancion Restrictions
title_fullStr Analyzing Monetaray and Credit Policy of the Russian Federation in Conditions of Sancion Restrictions
title_full_unstemmed Analyzing Monetaray and Credit Policy of the Russian Federation in Conditions of Sancion Restrictions
title_short Analyzing Monetaray and Credit Policy of the Russian Federation in Conditions of Sancion Restrictions
title_sort analyzing monetaray and credit policy of the russian federation in conditions of sancion restrictions
topic the bank of russia
sanctions
restrictions
bank tools
inflation
digital ruble
innovation development of the banking system
confidence
url https://vest.rea.ru/jour/article/view/1911
work_keys_str_mv AT everokhina analyzingmonetarayandcreditpolicyoftherussianfederationinconditionsofsancionrestrictions