On Threats to the Economic Security of the Republic of Crimea

Abstract

The presented study analyzes threats to regional economic security and searches for ways to improve economic security.Aim. The study aims to identify and analyze potential threats to regional economic security (through the example of the Republic of Crimea).Tasks. The authors conduct a theoretical analysis of the concept of a threat economic security, identify regional features that affect the level of economic security, and list the major threats to the economic security of the Republic of Crimea.Methods. The scientific perspectives of threats to economic security are examined. This study uses logical analysis methods to identify factors that determine regional features and their relationship with the identified threats to economic security. The socio-economic situation in the Republic of Crimea is assessed according to the analysis of statistics.Results. Russian regions are highly different due to their geographic location, natural resource potential, economic specialization, and other factors. This is why threats to regional economic security are identified with allowance for each region’s specific features. The study lists and classifies the major threats to regional economic security, particularly in relation to the Republic of Crimea.Conclusions. In the context of economic crisis, unstable geopolitical situation, and foreign sanctions, economic security becomes one of the top national priorities. Due to Russia’s federal nature, its regions play an important role in the formation of the country’s economic security as a whole. Therefore, it is necessary to identify threats to regional security early and find efficient ways to counter them.