Public legal means of protecting national interests in the field of foreign investment: the modern experience of Russia and the Republic of Belarus.

Abstract

The subject of the research in this article is the experience of Russia and the Union State of the Republic of Belarus in protecting national interests in the field of foreign investment in terms of the use of public legal means of state regulation. The object of the study is regulatory documents, recommendations and other documents regulating the protection of national interests in the implementation of foreign investments in Russia and in the Republic of Belarus, existing national strategies and regulatory approaches. In the course of the study, the author used the method of system analysis, priority was given to special legal methods of cognition, among which methods of comparative legal analysis, theoretical and legal modeling should be highlighted. The author considers ways to overcome the sanctions pressure from unfriendly states, compares the legal restrictions imposed by the Union states and identifies their differences. The article provides a comparative analysis of the current approaches of the Republic of Belarus and Russia on the issues of ensuring the security of foreign investment, taking into account the transformation of the economies of states based primarily on domestic sources of investment financing.The author comes to the conclusion that the means of protecting public interests in the Republic of Belarus have proved effective in practice and can be recommended for use also in the Russian legal field. At the same time, the Russian financial market continues to adhere to the principle of openness and accessibility to foreign investors, but at present these principles are implemented only to the extent that does not contradict the maintenance of national financial sovereignty and are focused on friendly jurisdictions. And the creation of incentive measures to attract them is a new task in the development of legislation both in Russia and in the Republic of Belarus.