Abstract
The article examines the issues of the formation of a modern legal model of financial relations aimed at strengthening the financial sovereignty of the state. Based on the analysis of financial legislation, law enforcement practice and legal doctrine, the author comes to the conclusion that it is necessary to carry out administrative reform aimed at integrating the Bank of Russia with the tasks of the Government of the Russian Federation to achieve the goals of sustainable economic development of the state. According to the author, the relations developing in the sphere of functioning of the financial system do not fit into the sectoral model of law. The use of general logical research methods, including analysis and synthesis, formal legal and comparative legal methods allowed the author to come to the following conclusions. 1. The formation of a modern model of financial and legal regulation, ensuring the strengthening of the financial sovereignty of the Russian Federation, should be based on administrative reform that creates conditions for the integration of the Bank of Russia with the tasks of the Government of the Russian Federation to achieve the goals of sustainable economic development of the state. 2. A balance between the tasks of the Government of the Russian Federation to achieve economic development goals and the goals of inflation targeting carried out by the Bank of Russia can be found through work to harmonize monetary and fiscal policy instruments - these two principles of managing the financial and credit mechanism. 3. In order to create a legal model of monetary circulation that prevents the withdrawal of capital and the legalization of proceeds from crime, it is necessary to carry out work to harmonize private law and public law methods of regulating financial relations. This will create the basis for the integration of legal instruments regulating the circulation of funds currently covered by different legal regimes.
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