The sanctions regime for doing business in the securities and collective investments market

Abstract

Restrictions on the Russian financial sector by foreign states, their associations and international organizations, as well as retaliatory measures on the part of Russia, in their entirety, can be described as a sanctions regime for doing business in the securities and collective investments market. The article reveals the main content of these sanctions restrictions and retaliatory measures. The sanctions regime is intended to become the basis for reviewing a number of principles of the organization and functioning of the securities and collective investments market. The restructuring of the international financial center established in Russia is required, based on the presumption that there is a risk of sudden unfriendly actions on the part of any of the foreign states or financial institutions, even if they are friendly as of today. Emphasis should be placed on the development of national institutions of the securities market and collective investments, which should largely be replaced by relevant foreign institutions. The principle of openness and transparency of the Russian stock market is subject to revision.