DOI: 10.33917/es-5.197.2024.50-55

The article dwells on some current aspects of foreign direct investment (FDI) migration in Russia and abroad. The aim of the study is an attempt to theoretically reassess the role of monetary and credit mechanisms of FDI. The article provides information on the trends and pressing development problems of Russian FDI exports into the countries of Eurasian region and BRICS. According to the research, restrictive monetary policy in Russia is a significant obstacle to economic growth, foreign economic relations and FDI exports. Many economic indicators of the Russian Federation are negatively affected by the high key rate of the Bank of Russia. However, due to monopolistic structure of the Russian economy and many other factors, the restrictive monetary policy of the Central Bank of the Russian Federation often causes not only suppression of inflation and the increase in the production competitiveness, but excessive enrichment of a number of companies, banks and individuals at the expense of the economy as a whole. In the long term, in order to stimulate foreign direct investment, it seems feasible for the Bank of Russia to gradually shift from a restrictive monetary policy to a stimulating one, including for the purpose of optimal development of Russian FDI exports into the countries of the Eurasian region and BRICS.

References:

1. UNCTAD. World Investment Report. 2023. New York, United Nations, available at: https://unctad.org/system/files/official-document/wir2023_keymessages_en.pdfRRR

2. IMF. World Economic Outlook. Washington, DC. April, 2024, available at: https://www.imf.org/en/Publications/WEO/Issues/2024/04/16/world-economicoutlook-april-2024

3. Tatuzov V. Contemporary global economic crisis: Some conclusions for Russia and BRICS (taking into account Kondratieff long waves). BRICS Journal of Economics, 2020, no 1, pp. 25–40, available at: https://doi.org/10.38050/2712-7508-2020-8

4. Stiglitz J., Regmi I. The Causes and Responses to Today’s Inflation. Roosevelt Institute, 2022, available at: https://rooseveltinstitute.org/wp-content/ uploads/2022/12/RI_CausesofandResponsestoTodaysInflation_Report_202212.pdf

5. Key Rate Statistics. 2024. CBR, available at: https://www.cbr.ru/eng/hd_base/KeyRate/

6. СBR: Inflation and Consumer Sentiment. Inflation and Consumer Sentiment, 2024, no 4(88), available at: https://www.cbr.ru/Collection/Collection/ File/49132/Infl_exp_24-04_e.pdf

7. Macroeconomic survey of the Bank of Russia. October, 2024. CBR, available at: https://www.cbr.ru/eng/statistics/ddkp/mo_br/

8. FDI Database. 2024. New York, UNCTAD, available at: https://unctadstat.unctad.org/datacentre/dataviewer/US.FdiFlowsStock

9. The State Council on further optimizing the environment for foreign investment. Opinions on increasing efforts to attract foreign investment. Guo Fa, 2023, no 11, available at: https://www.gov.cn/zhengce/content/202308/content_6898048.htm

10. FDI database. Paris, OECD, 2024, available at: https://data.oecd.org/fdi/fdi-flows.htm

DOI: https://doi.org/10.33917/es-5.185.2022.6-11

The goal of the study is an attempt to rethink the role of Foreign Direct Investment, Industrial Policy and others phenomenon.

The author propose a new analysis of them in today’s conditions and circumstances. This article uses statistics published by OECD and IMF. The article pays particular attention to different approaches of certain countries (USSR, Russia, Italy, South Korea) in the field of import of Foreign Direct Investment and in the field of the Industrial Policy. Based on many years of the author’s experience in the Russian banking sphere and Russian business, the author puts forward certain economic advice to regulators in Russia.

References:

1. IMF. World Economic Outlook — Rising Caseloads, a Disrupted Recovery, and Higher Inflation. Washington, DC, 2022.

2. IMF. World Economic Outlook — War Sets Back the Global Recovery. Washington, DC, 2022.

3. Soboleva Inna. Les experts russes redoutent une guerre mondiale d’ici dix ans. FR. Russia Beyond, 2013, April 16, available at: https://fr.rbth.com/tech/2013/04/16/les_experts_russes_redoutent_une_guerre_mondiale_dici_dix_ans_23165.

4. Glazyev S. How to win the war. Top War, 2014, July 26, available at: https:www.en.topwar.ru.

5. Kondratieff N. The World Economy and its Conjunctures during and after the War. Moscow, International Kondratieff Foundation, 2004.

6. Trotsky L. La courbe du d velopppement capitaliste. Marxists, 1923, Avril 21, available at: https://www.marxists.org/francais/trotsky/oeuvres/1923/04/lt19230421.htm.

7. Pokidchenko M.G. Sushchestvuet li ekonomicheskii tsikl? [Is there an Economic Cycle]. Voprosy teoreticheskoi ekonomiki, 2017, no 1, pp. 66–73, available at: http://questionset.ru/files/arch/2017/2017-N1/VTE_2017_1.pdf.

8. Ershov M.V, Lokhmachev V.F., Tatuzov V.Yu, Tanasova A.S. Global’nyi krizis (sravnitel’nyi analiz tsiklicheskikh protsessov) [About Tendencies of Global Crisis]. Bankovskoe delo, 2009, no 5, pp. 16–20, available at: https://www.elibrary.ru/contents.asp?id=33338082.

9.FDI in Fugures. Paris, OECD, 2022, April, available at: www.oecd.org.

10. Putin V. Economic Tasks. Working Day, 2012, January, 30, available at: http://archive.premier.gov.ru/eng/events/news/17888/

11. Ministerial Decree No. 328 validating the State Program of the Russian Federation “Development of industry and increase of its competitiveness” (аpril 2014), available at: http://extwprlegs1.fao.org/docs/pdf/rus170671.pdf.

12. Federal Law No. 488-FZ of December 31, 2014 “On Industrial Policy”. FAO, available at: https://www.fao.org/faolex/results/details/ru/c/LEX-FAOC170671/

13. Vstrecha s chlenami pravitel’stva [Meeting with Governments Members]. Ofitsial’nyi sait Prezidenta RF, 2022, 23 marta, available at: http://en.kremlin.ru/events/president/news/68037.

14. Idrisov G.I. Promyshlennaya politika Rossii v sovremennykh usloviyakh [Towards Modern Industrial Policy for Russia]. Moscow, Izd-vo Instituta Gaidara, 2016.

15. Strukturno-investitsionnaya politika v tselyakh ustoichivogo rosta i modernizatsii ekonomiki: Nauchnyi doklad [Structural and Investment Policy for Sustainable Growth and Modernization of the Economy: Scientific Report]. Pod red. V.V. Ivantera. Moscow, INP RAN, 2016.

DOI: https://doi.org/10.33917/es-4.184.2022.106-112

The article analyses the investment attractiveness of the Russian energy sector for foreign investors. Analysis is based on such indicators as the volume of energy resources’ production and export as well as their dynamics, foreign direct investment in the country’s energy industry, portfolio investment in the “green” energy industry. The author draws up a conclusion that despite the exports decrease in the main types of energy resources (oil, gas, coal, energy) over the past few years (2020–2021), Russia continues to play a leading role in the global fuel and energy complex, the volume of foreign direct investment in industry is steadily growing, the “green” energy industry is actively developing. The author also dwells on the difficulties that foreign investors have to face when investing in the Russian energy sector. The present study results in identifying the main directions for improving investment attractiveness of the Russian energy sector for potential foreign investors.

Источники:

1. Lizikova M. Nuclear energy prospects and legal challenges towards achieving sustainable development goals. E3S Web of Conferences, 2020, no 1, p. 02009.

2. Baisaeva M.U. Rol’ i znachenie inostrannykh investitsii v Rossii [Role and Importance of Foreign Investments in Russia]. Ekonomist”, 2020, no 1, pp. 80–82.

3. Vypkhanova G.V., Zhavoronkova N.G. Innovatsii v energetike — organizatsionno-pravovye aspekty [Innovations in the Energy Sector — Organizational and Legal Aspects]. Aktual’nye problemy rossiiskogo prava, 2021, vol. 16, no 1 (122), pp. 189–203.

4. Tsentral’nyi bank Rossiiskoi Federatsii [Central Bank of the Russian Federation], available at: https://www.cbr.ru/

5. Obzor energetiki stran BRIKS [Overview of the BRICS Countries Energy]. Sammit BRICS, 2020, November, 17, available at: https://brics-russia2020.ru/images/114/89/1148936.pdf.

6. Balafas V., Fakiolas E.T. From energy security to energy dominance: US’ blending of politics and economics. Strategic Analysis, 2020, no 44 (2), pp. 91–105.

7. Inevatova O.A., Matushkin E.F. Problemy i perspektivy ispol’zovaniya kapital’nykh vlozhenii v energetike [Problems and Prospects of Using Capital Investments in the Energy Industry]. Tendentsii razvitiya nauki i obrazovaniya, 2021, no 69-2, pp. 21–24.

8. Nagimova A. Arabskie investitsii v rossiiskuyu infrastrukturu [Arab Investments in Russian Infrastructure]. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2020, vol. 64, no 3, pp. 80–87.

9. Eksport Rossiiskoi Federatsiei prirodnogo gaza (po dannym FTS i Rosstat) [Export of Natural Gas by the Russian Federation (According to the Federal Customs Service and Rosstat)]. Tsentral’nyi bank RF, available at: https://cbr.ru/vfs/statistics/credit_statistics/trade/gas.xls.

10. Ministerstvo energetiki Rossiiskoi Federatsii [Ministry of Energy of the Russian Federation], available at: https://minenergo.gov.ru/

11. Pryamye investitsii po sektoram ekonomiki [Direct Investments by Sectors of the Economy]. Tsentral’nyi bank RF, available at: https://cbr.ru/statistics/macro_itm/svs/

DOI: 10.33917/es-8.166.2019.48-57

Over 5 years after the signing of the Treaty on the Eurasian Economic Union, the experience of the integration process has been accumulated, its pros and cons, potential and obstacles for a new stage in the development of the EAEU have been identified. The accuracy of estimates of the 5-year integration dynamics affects the effectiveness of decisions on further integration. A complete, reliable, qualitative statistical assessment of the economic condition of the Union is a necessary basis for the successful dynamics of the Union at a new stage