Abstract

The subject of the study is the trends in the development and regulation of the financial market of the Russian Federation in order to achieve national economic development goals under the sanctions of unfriendly states. The purpose of the work is to determine the theoretical and legal foundations of the regulatory impact of sanctions on the financial market based on a comprehensive analysis of the opinions of leading scientists and practitioners, representatives of the Russian judicial system, and the legal experience of other states, to analyze the most and least effective mechanisms for legal regulation of processes occurring in various sectors of the domestic financial market, to substantiate proposals for solving existing problems in the field of financial market regulation both at the national and international levels. The article defines the essence of international economic sanctions. The consequences of their introduction have been revealed. The ways of increasing the efficiency of digitalization of the financial market are substantiated. The most optimal way of forming the unified payment space of the EEC and the CIS has been determined as one of the directions for achieving the national development goals of the Russian Federation in the field of digital transformation. Conclusions are drawn that at present there is a need to correct the current banking legislation, as well as to establish new areas of interaction with countries that continue mutually beneficial economic cooperation with the Russian Federation within the framework of interstate integration associations.

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