DOI: 10.33917/es- 1.175.2021.6-13

The paper continues the publication with the same title and is devoted to the development of currency and financial cooperation between Russia and China. This part of the study contains the main proposals for stimulating of local currency settlements for the analyzed countries and “recipes” for creating new world economic order. In the first part of the work the special attention is paid to the processes of payment systems’ conjugation, development of digital currencies and the idea of creating a collective currency in the Eurasian economic space. The second part is devoted to systemic reforms of the global financial and economic system

DOI: 10.33917/es-8.174.2020.6-15

The research was prepared for the scientific project № 18-010-00500 that is referred to as “Challenges Russia facing with in the light of the new Integrated world economic system formation and transition from the Industrial society of the XXth century to the Information society of the XXIst century” and supported by the Russian Foundation for Basic Research. The paper is devoted to the actual issues of de-dollarization in global and cross-country relations (on the example of China-Russia ones). The main goal of the research is to identify the challenges and threats for RMB and ruble usage and work out the instruments and mechanisms to stimulate de-dollarization processes in the Eurasian region and worldwide. Firstly, we determine the key negative factors influencing word financial and economic system development and increasing the turbulence within it. Secondly, the history of local currency settlement (LCS) between China and Russia was accurately analyzed and divided into phases. Thirdly, we addressed the processes preventing its successful development (these tasks were solved in part 1 of the work). Finally, we offered the practical solutions to intensify the LCS between China and Russia and facilitate the building of new world economic order (part 2).

The article contains the author’s summary on the 2018 Chengdu Global Think Tanks Forum (China) with the active participation of the Russian delegation and a critical review of the events and a number of reports within the event framework. The purpose of this paper is to analyze the role and capabilities of the think tanks created by the BRICS countries, to identify the benefits and threats of global governance, as well as to promote the results of research activities initiated and realized by scientists and experts from countries with developing, emerging and transforming markets.

2000s and 2010s are usually called “transition period”. On the one hand, during this time we observe the strengthening of the international cooperation actively being started with reforms under the rules of the G20 as the response to the intensification of global financial system’s development internal contradictions and the emergence of global economic crisis. On the other hand, these years are characterized by an increased level of conflicts manifested in the vigorous and collective application of sanctions and the declaration of trade wars. The subject of the article is especially relevant for Russia having been already sanctioned for 5 years. The purpose of this research is to analyze the impact of sanctions on the target economy. The paper provides a brief description of the existing sanctions against Russia since 2014. The second part of research is devoted to the identification of conditions for the effectiveness of economic sanctions. The third section includes the analysis of the negative sanction effect’s reasons and evidence. Finally we provide arguments in favor of real and potential opportunities for Russia to obtain economic benefits from the sanctions. In 2014–2016 we observed the negative effect of economic sanctions expressed in the form of losses and lost profits and caused as logical consequence of Russian economy’s development features. There are preconditions for creating a positive effect from sanctions — an impulse that can bring Russian economic system to a qualitatively new stage of growth. These positive trends need to be developed and sustained by domestic government support.