Sanctions Policy Research Articles

RECOVERY OF ASSETS OF SANCTIONED PERSONS TO THE STATE REVENUE AS A SANCTION: LEGAL NATURE

The article investigates the legal nature of the sanction in the form of confiscation of the assets of the sanctioned persons into the state income, as an object of application by the High Anti-Corruption Court. It was established that the current legislation of Ukraine lacks a clear definition of the legal category of “sanctions”, as well as a conceptual justification of its legal nature and a unified approach to its understanding, which necessitates the need, first of all, for their scientific development, which is extremely important in the conditions of the legal regime of military state. It has been established that in scientific legal literature, the legal category “sanction” is studied mainly through the prism of the theory of the structure of legal norms and legal responsibility, as well as certain aspects of its implementation, which is characterized by controversy regarding the compliance with the principle of legal certainty, given the application of one legal category for institutions of law that are different in their legal nature. The expediency of considering the legal nature of sanctions, which is the subject of this study, through the prism of the state sanctions policy, and defining them as national sanctions, with the aim of distinguishing their features and separating them from the legal institution of sanctions developed by the theory and practice of international law, is substantiated. The author’s definition of the legal category “national sanctions” is proposed. The peculiarities of the legal nature of the sanction in the form of confiscation of the assets of the sanctioned persons into the state income, as an object of application by the Supreme Anti-Corruption Court, which is proposed to be defined as a type of national sanctions, applied in a legal action based on a court decision during the period of the legal regime of martial law, are highlighted, and in the cases specified by law, and after its termination or cancellation, to individuals and legal entities whose actions have created a significant threat to the national security, sovereignty or territorial integrity of Ukraine (including through armed aggression or terrorist activity) or contributed to a significant extent (including through financing) the commission of such actions by other persons, including residents within the meaning of the Law of Ukraine “On the Basic Principles of Forcible Expropriation in Ukraine of Objects of Property Rights of the Russian Federation and its Residents” (sanctioned persons), after imposing sanctions on them in the form of freezing of assets in the manner specified by the Law, with the aim of compensation for damages and restoration of violated rights and freedoms, legitimate interests of a person and citizen, society and the state.

Особенности военно-технического сотрудничества России и Индии: динамика, риски и перспективы партнерства

This article analyzes the specifics of military-technical cooperation between Russia and India, as well as the dynamics, risks and prospects of the partnership in the first quarter of the twenty-first century. In their inter-state relations, the Russian Federation and the Republic of India adhere to the concept of a long-term privileged strategic partnership in the field of security and defense that dates back to the Cold War years. Despite high competition on the military equipment market and a significant increase in military-industrial capabilities in New Delhi, Moscow remains the main supplier of military products to India. The range of Russian military products is quite broad and includes a variety of weapons and equipment to meet the growing needs of India's army and navy. However, there are risks associated with the current dynamics of military-technical cooperation and the increasingly complex geopolitical situation in the region and the world. The article presents the main problems, threats and challenges to bilateral relations in the field of military-technical cooperation, which are associated with India's desire to diversify arms supplies, growth of political and economic risks caused by the sanctions policy against Russia from the collective West, changes in the intensity of geopolitical processes and increased competition from other military suppliers. In addition, prospects for future military-technical cooperation between the two countries are examined, including technological advances, opportunities related to India's Make-in-India program, and potential strategic areas of cooperation between Russian Federation and Republic of India, such as unmanned systems, cybersecurity, and joint research to develop more advanced weapons systems. The bottom line is thatproductive military-technical cooperation between Russia and India can be achieved in the future if a number of measures are taken, mostly related to eliminating risks and creating good conditions for both sides. Such measures could include expanding the boundaries of military-technical cooperation, ensuring mutually beneficial economic conditions, strengthening institutional ties, and bringing together scientific and technical experts in the field.

CURRENT ISSUES OF IMPORT OF MEDICAL DEVICES AND EQUIPMENT TO THE RUSSIAN FEDERATION

The import of medical products remains an important topic at present, given the relevance of healthcare in connection with the sanctions policy of Western countries and the ambiguous situation with foreign supplies of medical products. The situation with the dominant share of imported medical products in the Russian market highlights the dependence on international supplies and technologies in the healthcare sector. The policies and sanctions imposed by the European Union and other countries regarding the supply of medical equipment to Russia cause certain restrictions and difficulties due to the current political situation. Although these goods are classified as vital and do not fall under sanctions, many companies from Europe and the United States have suspended deliveries due to the so-called «moral embargo». Lack of access to modern equipment and medicines can lead to a deterioration in the quality of medical care, an increase in waiting times for treatment, as well as possible complications and a deterioration in the prognosis of the disease in patients. The article analyzes the dynamics of the medical products market over the past few years, and identifies changes in the structure of the medical devices market. The share in the import of medical equipment to Russia was also studied. In addition, the prospects for the development of the medical industry are considered and the current situation is assessed. To solve the problem in the short term, the necessary measures have been proposed to include vital medical devices and equipment in the list of the Ministry of Industry and Trade for its import according to the rules of parallel import.

Разноуровневые стратегии развития: арктический нефтегазовый вектор

The balanced development of the hydrocarbon potential in the Arctic is currently a strategic priority for Russia. Given the present conditions of the global energy sector, alongside new geopolitical challenges and trends towards low-carbon and ecologically balanced development, there is a need for a system of coordinated strategies across the industry, regional, and corporate levels. To effectively develop Arctic oil and gas resources, it is necessary to ensure technological sovereignty, which involves equipping oil and gas companies with domestically produced equipment and software. Strategies should also focus on the development of industries that produce high value-added products, particularly in the petrochemical sector. Public administrators and corporate managers responsible for key decisions must have a clear, long-term vision for the development of the Arctic oil and gas sector and employ established methodological approaches in strategy design. The goal of this study is to substantiate the specific characteristics of multilevel strategies and assess the feasibility of using a matrix approach when designing strategic alternatives relevant to the current economic environment. The research methodology is based on the approaches, methods, and tools of strategic management and planning, with a particular focus on methods for designing strategic alternatives. The novelty of the research lies in the development of a system of criteria for comparing strategies and their target priorities at the industry, regional, and corporate levels. The study identifies current trends and challenges arising from the energy transition, stringent sanctions policies, and growing technological capabilities. It proposes an approach to designing alternative strategies of related and unrelated diversification for oil and gas companies. Developing a holistic concept of coordinated industry and corporate strategies is identified as a promising area for further research.

Технологии цифровой экономики в обучении переводу

Introduction. Due to the active introduction of digital technologies into human activity, there is a change in the way of work organisation, changes in the content of processes, including the profession of translator. Inclusion of the study of the peculiarities of the use of digital economy technologies in the educational process allows preparing future specialists for their professional activities. The aim of the work is to identify the main features of digital economy technologies, to determine the possibilities and directions of their use in the activity of a translator, as well as to identify the content of digital competences and ways of forming them in linguistics students in the educational process. Materials and methods. The methodology is determined by analytical approaches to identifying the features of digital economy technologies, the comparative method allowed us to form approaches to the content of digital competence in translation activity. The method of point-rating assessment allowed us to identify the level of formed designated knowledge, skills, abilities and competences. The survey method allowed to get feedback from the 4th year students of the direction “Linguistics” participating in the sample. As a theoretical basis we used scientific works devoted to the issues of digital competences of translators, as well as digital technologies in their professional activities. The results of the study and their discussion. The introduction of the issue of the use of technologies of the digital economy into the educational process of training future translators allows us to define the content of the discipline “Information Technologies in Translation”, the components of the translator's digital competence determine the directions of competence formation and the content of the current control. The policy of import substitution and sanctions has imposed requirements on the relevance of the applications and services used, which poses difficulties for the technical organization of the learning process and allows us to formulate new criteria for the selection of software. The results of the interim control showed an increase in the efficiency and quality indicators of the learning process in the discipline. Conclusion. A properly organized digital environment, modern information technologies selected on the basis of scientific criteria, an educational process aimed at motivating professional work and assessing the formation of both digital and translation competence allow to increase the efficiency of learning and its quality in the training of translation specialists.

Analysis of the dynamics of production and foreign trade of fish products in Russia. Prospects for the development of the industry in the context of economic sanctions

Purpose: based on long-term data on the dynamics of fish catches and foreign trade in fish products, as well as international comparisons of world fishing powers, analyze the prospects for the development of the domestic fishing industry in the new economic conditions of sanctions confrontation with the countries of the collective West.Method: used such methods of general scientific knowledge as analysis and synthesis, as well as comparisons, tabular and graphical methods.Novelty: a detailed assessment of the factors affecting the growth of domestic fishing and fish farming, including the development of the domestic fishing fleet, was made. The prospects for expanding the sale of fish products on world markets, including on the basis of data on current and prospective consumption in different regions of the world, were considered.Results: the study analyzed a number of sources, including FAOSTAT and Rosstat commodity resource balances, in terms of production, consumption and cross-border trade in fish products. It has been established that after 2014 own consumption and imports are declining, while exports, on the contrary, are gradually increasing. Thus, the main driver of production growth in the industry is expansion to foreign markets. In the context of strengthening anti-Russian sanctions policy, it is necessary to diversify the sales markets for Russian fish products, however, an outdated production base is a significant limitation for the development of the industry.

The Sanctions Principles-Based Regulation: A Blueprint for a New Approach for the EU Sanctions Policy (Part I)

192 Despite the tremendous number of studies devoted to the effectiveness of economic sanctions, the unprecedented number of sanctions applied and the recent European Union (EU) reforms on sanctions, sanctions effectiveness should be still a matter of debate. More than a year after Russia’s full-scale invasion of Ukraine, but G7-led sanctions have not materially hindered Russia’s war effort. This study intends to address this problem by focusing on how to make the use and application of EU sanctions against Russia more effective. In doing so, I argue that the main impediments to EU sanctions effectiveness are systemic in nature and inherent to the EU sanctions policy framework. The piecemeal changes of the EU sanctions regulatory framework undertaken so far have not solved these systemic flaws that undermine the effectiveness of EU sanctions. A fundamental revision of the entire system of the EU sanctions policy framework is needed. This study proposes implementing a comprehensive principles-based framework for EU sanctions policy, where harmonisation and the risk-based approach are its foundations, to make sanctions more effective. The proposed sanctions principles-based framework is broader in its scope than is currently the case; it covers a broader set of principles. The proposed frame includes all the stages of the sanctions process, is addressed to a broader number of actors and its foundations are developed. I recommend that this sanctions principles-based framework should be mandatory for use. This is the first part of a two-part article. Part I of the article discusses the need for the revision of the regulatory approach to the EU sanctions policy to increase the effectiveness of sanctions. It includes the analysis of the EU sanctions as a foreign policy instrument and a comprehensive overview of the EU regulatory framework on sanctions as well as the analysis of imposition of the EU sanctions against Russia. Part I also discusses policy proposals for the effectiveness of the EU sanctions, such as harmonisation of the EU sanction policy and the application of a sanctions risk-based approach.

Последствия распространения коронавируса COVID-19 и новых штаммов для развития агропромышленного комплекса и потребительского рынка

The COVID-19 pandemic has become an example of the implementation of global biological threats, which are positioned as challenges to the economy, including the agricultural sector. The subject of the study was changes in food production and in the consumer market for agricultural products amid the consequences of the spread of the COVID-19 coronavirus and potentially dangerous new strains. Since the volume and structure of agricultural exports can serve as indicators of overcoming the challenge to the agro-industrial complex from the consequences of the COVID-19 pandemic, including in conjunction with the influence of the sanctions policies of Western countries, the object of the study was changes in the main indicators of exports of the agro-industrial complex of the Russian Federation at the federal and regional levels for first quarter of 2023 compared to the same period in 2022. Changes in the main indicators of exports of agricultural products were studied both at the federal and regional levels, using the example of agricultural enterprises in the Voronezh region, for the first quarter of 2023 compared to the same period in 2022. As a background for studying the subject field of indicators for overcoming the challenge to the agro-industrial sector from the consequences of the COVID-19 pandemic, changes in the field of food production and in the consumer market for agricultural products were identified and studied. An overview of the main exporting companies in the Voronezh region is presented for the following types of products: grains (wheat, corn, barley); meat and dairy products (pork and pork by-products, beef, butter); products of the oil and fat industry (sunflower oil, cakes, mustard oil). The priority trend for the Russian Federation is the development of deep processing of crop products, in particular grain crops. The basis is the trend of growing consumer demand for food products of plant origin, including those that imitate traditional meat and dairy products. A trend has been noted for the production and consumption of organic products, the implementation of which will contribute to the growth of the competitiveness of domestic agricultural products in the domestic and foreign markets. An important factor in increasing the competitiveness of domestic food in the global and domestic markets is the expansion of production of organic crop and livestock products based on a single unified database of agricultural land that meets the legally established requirements for this category of products.

О некоторых экономических аспектах оказания высокотехнологичной медицинской помощи на примере профиля «травматология и ортопедия».

The article is devoted to the consideration of a number of economic aspects of providing high-tech medical care using the example of traumatology and orthopedics: methodological approaches to the concept of high-tech medical care, assessment of economic efficiency, analysis of financial support methods, etc. These aspects are particularly relevant due to the high cost of providing high-tech medical care, especially against the background of the current sanctions policy of many Western states. The analysis of the sources and methods of financial support for the provision of high-tech medical care, including from the point of view of historical perspective and perspective, is given.

SANCTIONS POLICY IN THE WORLD: EVOLUTION OF POLITICAL DISCOURSE

The author of the article aims to highlight the specific features of the application of sanctions in the international community in the context of the evolution of political discourse on sanctions policy. In his work, the author relies on the concept of the “three great debates” of the researcher Peter Wallensteen, applying it to the analysis of changes in the political situation around the use of sanctions and the reasons that lead to them. As main examples, the author analyzes sanctions of the League of Nations and the UN, as well as individual states. The author considers the change in political reasons leading to sanctions, as well as their transformation into an effective political instrument that is actively used primarily by international organizations. The issues of the effectiveness and ineffectiveness of sanctions are analyzed. The conclusions that the author comes to indicate that the successful implementation of sanctions policy requires the support of a sufficiently wide number of states. Thus, in the matter of using sanctions against certain states, the role of international organizations is undeniable. The development and formation of world politics and its trends bring new reasons for the use of sanctions. One should also not fail to take into account the leading world powers that are quite actively using sanctions policy for their own purposes.

Changes to Art. 52 of the Arbitration Procedure Code of the Russian Federation — a Step towards Further Expanding the Powers of the Prosecutor in the Arbitration Process?

In the context of the sanctions policy of Western countries and the difficult path of development of the domestic economy emerging in this regard, the author emphasizes the special role of the prosecutor’s office in strengthening the rule of law and protecting the rights and interests of subjects of legal relations. The main attention is paid to the issues of the limits of the prosecutor’s participation in the arbitration process, as well as to the analysis and assessment of changes made to the legislation starting from 2021, expanding the powers of the supervisory agency when considering economic disputes, which is the scientific novelty of the study. The author has made a brief overview of cases considered by arbitration courts with the participation of the prosecutor, taking into account the new powers granted to him by the legislator. The lack of regulation of the procedural participation of the prosecutor in the arbitration court has been a subject for study for the second decade, taking into account which the author concluded that there is an objective need to further increase the powers of the prosecutor in the arbitration process given the current state of the Russian economy, its scaling and complexity.

The Second Session of the 14th National People's Congress: Outcomes of China's Legislative Development in 2023

The regular (second) session of the 14th National People's Congress (NPC), held in March 2024, summarized the key outcomes of China's socio-economic and legislative development in the second year following the 20th CPC National Congress (October 2022). According to established tradition, the third plenum of the 20th Central Committee of the CPC should have been held on the eve of the parliamentary session, with its decisions typically focusing on the country's economic development. In turn, the decisions of the NPC are based on the work of the plenum, often taking the form of laws. However, in 2024, although the plenum did not take place, the NPC session proceeded as scheduled, with no changes to its working agenda. In the report of the State Council’s Premier, it was noted that China's GDP growth reached 5.2 %, one of the highest figures among both developing and developed countries. In the legislative sphere, in 2023, the Chinese parliament, represented by the Standing Committee of the NPC, passed a number of important laws for the country's legal system, and several existing laws were amended. Of particular note are the Law on Foreign Relations, which outlines the key principles of China's foreign policy, and the Law on the Immunity of Foreign States, which replaced the previously existing principle of "absolute immunity" with "limited immunity." In the fight against corruption, significant changes were made through the 12th amendments to the Criminal Law of the PRC. Additionally, legislative decisions focused on developing a mechanism to counter growing challenges and threats to Chinese statehood, finding adequate responses to sanction policies, implementing measures to create a stable financial and banking system, and strengthening the military amid rising tensions in the Taiwan Strait and the South China Sea.

ЦЕНООБРАЗОВАНИЕ КАК ИНСТРУМЕНТ РЕГУЛИРОВАНИЯ ПРОДОВОЛЬСТВЕННОГО РЫНКА РЕГИОНА

The current conditions of economic development require closer attention from the state, especially in the field of price formation in the food market. Food is a strategically important resource that ensures the vital activity of the nation and its prosperity. And pricing plays an important role in the implementation of this task. In this regard, it is pricing that is the key tool of the state to maintain balance in the market and influence all its participants. The authors analyzed the dynamics of prices in the food market of the region, price indices for basic groups of food products in the Republic of Buryatia, which allowed us to determine the trends in the development of the food market in the region. The conducted research has shown that today there is a transformation of consumer behavior in the region, which manifests itself in a change in consumer demand. These changes are triggered by several factors. First of all, this is the sanctions policy and the activation of domestic producers against this background within the framework of the import substitution program, while the price factor plays an important role in the formation of this trend, which is always paramount for the average buyer. The conclusions formulated in the article allow us to identify a number of proposals aimed at improving pricing as a tool for regulating the food market.

Diplomatic Ukraine in the international arena: miscalculations and gains in wartime conditions

The key tasks of domestic diplomacy in strengthening the international coalition in support of Ukraine are argued, promoting the ideas of improving the security system and forming new formats of international cooperation to effectively confront modern threats. The necessity of reforming international security organizations in view of increasing their efficiency and ability to quickly and decisively respond to violations of international law and the use of force is justified, promoting the ideas of creating effective mechanisms of collective security and preventive diplomacy. The strategic directions of Ukrainian diplomacy during the war, regarding active sanctions actions, which included fourteen packages of economic and personal sanctions against the Russian Federation adopted by the Council of the EU, were analyzed. The effectiveness of sanctions pressure and the possibility of achieving peace are characterized. It was emphasized that close coordination of efforts with partner countries, on the one hand, and coordination of sanctions policy, on the other, as well as the provision of military and financial assistance, development of the national defense industry, are the key to the stability of the Ukrainian state. The research used a number of scientific methods, including systematic, comparative, historical, expert evaluation methods, as well as analysis and synthesis methods.

Management Decisions of Subjects of Administrative and Legal Counter Corruption at the Federal Level

The article reveals the main content of the administrative and legal fight against corruption carried out by specially authorized state bodies at the federal level. The author emphasizes the high degree of public danger of corruption and corruption manifestations in public administration, as well as the high degree of attention from the scientific community to this issue over the years. The paper examines the anti-corruption powers of the President of the Russian Federation, the Administration of the President of the Russian Federation, the Government of the Russian Federation, and individual federal executive authorities. The powers of the subjects of administrative and legal anti-corruption are analyzed taking into account the peculiarities of public administration and the adoption of appropriate management decisions. In this context, the example described in the paper of the denunciation of the Council of Europe Convention on Criminal Liability for Corruption, due to the extremely unfriendly and discriminatory policy of sanctions by Western countries against the Russian Federation, is particularly indicative. In addition, the work analyzes certain provisions of legislation and subordinate regulatory legal acts establishing the relevant anti-corruption powers of state bodies and officials. The article also presents and reveals the categories of the administrative and legal mechanism for combating corruption, as well as specialized managerial anti-corruption forms and methods.

Transformation of regional positioning as a consequence of changes in the US-centricity of the world economy in globalization: The case study of Asian countries

Subject. This article discusses the weakening of the role of the United States in the development of the world economic system and the strengthening of the influence of Asian countries on global processes. Objectives. The article aims to conduct a comprehensive analysis of the transformation of the processes of globalization of the world economy, the formation of a multipolar world order, as well as to assess the parallel processes of regionalization. Methods. For the study, I used the methods of logical and statistical analyses. Conclusions. The crisis of American centricity has intensified under the influence of the sanctions policy of Western countries. The countries of South and Southeast Asia continue to strengthen their positions on the world stage.

Electronic Monitoring Is Not the Only Problem Here

Over the past 25 years, few alternative sanctions have received as much attention as electronically monitored house arrest. In the view of relatively dynamic development of electronic surveillance technologies and related ethical and legal issues at stake, this interest continues to this day. In the Czech Republic, electronically monitored house arrest was introduced in 2010. Somewhat oddly, the electronic surveillance system had not been implemented at the time. Yet, legislators and sanctions policy makers placed high hopes in this form of punishment. In particular, it was expected to significantly help combat the relentless hypertrophy of the prison population. But the expectations of sanction policy makers were not met due to the reluctance of the courts to impose house arrest. This had remained unchanged over the years, and opinions had begun to emerge that the state's failure to introduce electronic monitoring was primarily to blame. In 2019, electronic monitoring was eventually implemented, but the number of sentences imposed still did not increase. If the legislature's sanctions policy is not translated into practice, its aims cannot be achieved. For this to happen, it is essential that house arrest becomes more prevalent in the structure of sentences imposed. Increased application rates will not happen spontaneously; certain steps need to be taken to address the reasons for the current state of affairs and to mitigate factors that negatively affect application practice. For this purpose, such causes and negative factors must first be identified. This paper therefore examines the importance of electronic monitoring in terms of the application practice of house arrest in the Czech Republic, and the main reasons for not imposing house arrest. Building on these findings, it offers suggestions that would contribute to more frequent imposition of house arrest in appropriate cases.

Emotions and sanctions in EU-China and EU-North Korea policies

ABSTRACT This article examines the emotions-policy nexus within the EU’s foreign policy, specifically focusing on the EU’s human rights sanctions against China and North Korea. By embedding the discussion within an extended framework of analysis that underscores the emotional dimensions of the EU’s foreign policy, the article scrutinizes how policy decisions, unfolding through a series of actions, reactions and third-party responses, shape, and are shaped by, emotional chains via its enabling and constraining mechanisms. While the case study of China illustrates the two mechanisms via exploring the EU-China investment negotiations, human rights sanctions as well as China’s retaliatory measures and the EU’s response, the case of North Korea, using the same sanctions, shows a divergent policy response and absence of emotions albeit within a similar rhetoric. The conclusion ponders over the efficacy of sanctions policies, suggesting that the integration of emotional awareness into policy-making can foster a more holistic approach in international politics.

SOVIET DIPLOMATIC SUPPORT TO THE REPUBLIC OF CHINA IN 1937–1939

The article considers the issue of the Soviet Union’s diplomatic support to the Republic of China at the initial stage of the Sino-Japanese War (1937–1939). It is noted that due to the outbreak of war, the Chinese government received real support neither from the League of Nations nor from the imperialist states since no one wanted to quarrel with Japan. It is emphasised that the leadership of the USSR had repeatedly unsuccessfully tried to negotiate with the imperialist powers on collective action against Japan, including, above all, the sanctions policy. Soviet diplomacy was ready to single-handedly support various foreign policy demarches of the leadership of the Republic of China. The data on numerous speeches by representatives of the USSR in the League of Nations in support of China are given. The active position of Soviet diplomacy during the so-called Brussels Conference is considered; their the Council of the League of Nations delegated the problem of Japanese aggression against China. It is emphasised that during the work of the Brussels conference, the delegations of Western countries demonstrated being uneager to aggravate relations with Japan; they only offered to search for peaceful ways to resolve the conflict, refused to accept collective sanctions against Japan or provide real international assistance to the victim of aggression – China. It is emphasised that Soviet diplomats continuously supported various initiatives of the government of the Chinese Republic in the League of Nations, only to be excluded from this organisation on December 14, 1939, after the USSR started war against Finland.

Стратегии выхода российских организаций на международные рынки в изменившихся внешнеэкономических условиях

The change in the system of world economic communications as a result of sanction policy towards Russia and its allied countries forces enterprises and organizations to prove strategies of entry into foreign markets for the purpose of income generation and inclusion in new value chains. Therefore, the purpose of this research is the comparative analysis of factors and assessment of the application of international market entry strategies of Russian IT companies. Qualitative and quantitative methods of economic research were applied to achieving this goal. Qualitative methods included PESTEL analysis, situation and comparative analysis. Quantitative methods included the cost-benefit method, statistical techniques and economic analysis methods. Tabular and graphic approaches are used for text visualization. In this research the factors influencing organizations activity in the international sphere and also the main foreign market entry strategies of IT companies were analyzed. Comparative analysis revealed benefits and shortcomings of each strategy, taking into account modern forms of business and currency risks. For the Russian IT company producing software three strategies were evaluated: export, franchising and direct investments. The choice of the IT industry for considering international market entry strategies of Russian organizations is proven. It is necessary to separate the development of new technologies and infrastructure, existence of financial resources and pressure of economic sanctions from the factors influencing this process. Of the three strategies analyzed, the lowest-cost and lowest-profit strategy was the franchising strategy; it can be used when there is a shortage of financial resources. For “growth hacking” the expensive, but highly profitable strategy of direct investment taking into account currency hedging is applicable. Proceeding from the analysis of the influencing factors and legal conditions of the Russian Federation it is expedient to follow the strategy of average profitable export for ensuring company development. The practical application of strategies for organizations to enter foreign markets is a multifaceted object of research that requires a comprehensive analysis of various aspects of business expansion. The received results will help companies make weighed decisions when choosing the optimum strategy for expanding their business in the international market.