Abstract

The article examines the conditions and consequences of Russia's economic cooperation with international organizations, including the IMF, WTO, EAEU, BRICS, and examines the opportunities and problems of achieving competitive advantages and investment attractiveness of Russian processing industries, and freeing Russia's dependence on fuel and raw materials exports. Discriminatory conditions and principles of equality and mutually beneficial cooperation between countries are revealed. The article highlights the means of achieving regional economic security and countering economic threats in international Finance.

Highlights

  • Russia's international economic cooperation is an important factor in regional economic growth, expanding sales markets, and participating in and strengthening its position in global processes

  • We are seeing a trend towards the formation of new international organizations that strive for equal and mutually beneficial cooperation

  • The new development Bank BRICS is committed to the principles of equality and mutually beneficial cooperation

Read more

Summary

Introduction

Russia's international economic cooperation is an important factor in regional economic growth, expanding sales markets, and participating in and strengthening its position in global processes. Reverse situation: an increase in export customs duties significantly replenishes the state budget, and increases the country's financial benefits from the sale of fuel and raw materials on the domestic market, which encourages an increase in the supply of fuel and raw materials on the domestic market, contributing to lower prices for fuel and raw materials This is the way to reduce production costs, increase profitability and competitiveness, increase investment opportunities in innovative development, reduce prices for Russian manufacturers ' goods, increase the investment attractiveness of Russian businesses, reduce inflation, and strengthen the ruble on the world market. With the transition under the WTO terms to the principle of equal to the yield in pricing natural gas supplies to domestic and foreign markets, the costs of petrochemical enterprises for electricity and fuel gas have increased For the period from 2016 to 2018, the total amount of financing by the new development Bank in national currencies amounted to 6.2 billion rubles. yuan[15, c. 115]

Conclusion
Russian Statistical Yearbook 2019
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.