Socio-economic Development of Russia in the First Quarter of 2024 — Economic Growth is Accelerating

DOI: 10.33917/es-3.195.2024.120-125

The article dwells on the change in the market index of “Economic Strategies” (MIES) for the first quarter of 2024. The contribution of demand and supply indicators to the KIES is assessed. Analysis of industrial production is carried out.

References:

1. Sotsial’no-ekonomicheskoe polozhenie Rossii. Yanvar’ — mart 2024 god: Doklad [Socio-Economic Situation in Russia. January – March 2024: Report]. Federal’naya sluzhba gosudarstvennoy statistiki, available at: https://rosstat.gov.ru/storage/mediabank/osn-03-2024.pdf

2. Stsenarnye usloviya funktsionirovaniya ekonomiki Rossiyskoy Federatsii, osnovnye parametry prognoza sotsial’no-ekonomicheskogo razvitiya Rossiyskoy Federatsii i prognoziruemye izmeneniya tsen (tarifov) na tovary, uslugi khozyaystvuyushchikh sub”ektov, osushchestvlyayushchikh reguliruemye vidy deyatel’nosti v infrastrukturnom sektore, na 2025 god i na planovyy period 2026 i 2027 godov [Scenario Conditions for Functioning of the Economy of the Russian Federation, the Main Parameters of the Forecast of Socio-Economic Development of the Russian Federation and Projected Changes in Prices (Tariffs) for Goods and Services of Business Entities Carrying out Regulated Activities in the Infrastructure Sector for 2025 and for the Planning Period of 2026 and 2027]. Ministerstvo ekonomicheskogo razvitiya RF, available at: https://economy.gov.ru/material/directions/makroec/prognozy_socialno_ekonomicheskogo_razvitiya/scenarnye_usloviya_funkcionirovaniya_ekonomiki_rf_osnovnye_parametry_prognoza_socialno_ekonomicheskogo_razvitiya_rf_na_2025_god_i_na_planovyy_period_2026_i_2027_godovhtml

3. Poslanie Prezidenta Rossiyskoy Federatsii Federal’nomu sobraniyu Rossiyskoy Federatsii 29 fevralya 2024 goda [Address of the President of the Russian Federation to the Federal Assembly of the Russian Federation on February 29, 2024]. Ofitsial’nyy sayt Prezidenta RF, available at: http://kremlin.ru/events/president/news/73585

4. Ukaz Prezidenta Rossiyskoy Federatsii ot 7 maya 2024 g. “O natsional’nykh tselyakh razvitiya Rossiyskoy Federatsii na period do 2030 goda i na perspektivu do 2036 goda” [Decree of the President of the Russian Federation of May 7, 2024 “On the National Development Goals of the Russian Federation for the Period until 2030 and for the Future up to 2036”]. Ofitsial’nyy sayt Prezidenta RF, available at: http://kremlin.ru/events/president/news/73986

5. Frenkel’ A.A., Tikhomirov B.I., Surkov A.A. 2023 god: ukreplenie gosudarstvennogo suvereniteta i ustoychivosti strategicheskogo razvitiya Rossii v usloviyakh turbulentnosti [2023: Strengthening the State Sovereignty and Sustainability of Russia’s Strategic Development in Conditions of Turbulence].

Ekonomicheskie strategii, 2024, no 1(193), pp. 70–75, DOI: https://doi.org/10.33917/es-1.193.2024.70-75

Comprehensive Approach to Harmonizing the Problem of Sustainable Development of the «Climate — Nature — Society» System

DOI: 10.33917/es-3.195.2024.114-119

The author examines transformation of the “climate-nature-society” system (CNSS), identifying potential directions for sustainable development and improving the well-being of the Russian population. In this context, an example of the forestry complex shows the key role of the best available technologies in creating social production, minimizing losses, waste and negative impacts on the environment. It is proven that effective implementation of conceptual platforms within the digital economy depends both on the legislative framework and on national policies on environmental management issues that are consistent with the trend of CNSS stable development.

References:

1. Glaz’ev S.Yu. Rossiyskaya ekonomika v nachale 2020 goda: o glubinnykh prichinakh narastayushchego khaosa i komplekse antikrizisnykh mer [The Russian Economy at the Beginning of 2020: About the Underlying Causes of the Growing chaos and a Set of Anti-crisis Measures]. Rossiyskiy ekonomicheskiy

zhurnal, 2020, no 2, pp. 3–39.

2. Khabibullina Z.R. Tvorcheskiy trud: spetsifika, dinamika razvitiya i kharakteristika sistemnoy transformatsii [Creative Work: Specificity, Dynamics of Development and Characteristics of Systemic Transformation]. Ekonomicheskaya nauka sovremennoy Rossii, 2020, no 1, pp. 32–40.

3. Bartalev S.A., Stytsenko F.V. Sputnikovaya otsenka gibeli drevostoev ot pozharov po dannym o sezonnom raspredelenii proydennoy ognem ploshchadi [Satellite Assessment of the Death of Tree Stands from Fires Based on Data on the Seasonal Distribution of the Area Covered by Fire]. Lesovedenie, 2021,

no 2, pp. 115–122.

4. Pavlov P.V. Prigranichnaya torgovlya kak chast’ prigranichnogo sotrudnichestva Rossii s inostrannymi gosudarstvami: problemy administrativnopravovogo

regulirovaniya [Cross-border Trade as Part of Cross-border Cooperation Between Russia and Foreign States: Problems of Administrative and Legal Regulation]. Administrativnoe pravo i praktika administrirovaniya, 2013, no 2, pp. 1–71.

5. Ryumina E.V. Vklyuchenie ekologicheskogo faktora v traditsionnye otsenki kachestva zhizni [Inclusion of the Environmental Factor in Traditional Assessments of the Quality of Life]. Ekonomika prirodopol’zovaniya, 2020, no 6, pp. 122–129.

6. Kryazhev A.M., Guseva T.V., Tikhonova I.O., et al. Tsellyulozno-bumazhnoe proizvodstvo: ustoychivoe razvitie i formirovanie ekonomiki zamknutogo tsikla [Pulp and Paper Production: Sustainable Development and the Formation of a Closed-cycle Economy]. Ekologiya i promyshlennost’ Rossii, 2020, vol. 24, no 11, pp. 48–53.

7. Broslavskiy L.I. Rossii nuzhen zakon o vozmeshchenii ekologicheskogo vreda [Russia Needs a Law on Compensation for Environmental Damage]. Ekologicheskoe pravo, 2020, no 3, pp. 37–43.

Strategic Challenges and Trends in Human Capital Management

DOI: 10.33917/es-3.195.2024.102-113

The author of the article summarizes the key current trends in human resource management over the past two decades, regularly analyzed by various research and consulting companies.

Based on the assessments of a number of foreign and Russian experts in the field of HRM, three groups of these trends and factors, that determined them, are identified: 1) related to the changed business context, the labour market and the need for qualified personnel; 2) related to new digital technologies and tools; 3) related to organizational culture and HRM ideology.

These trends have a significant impact on human resource management strategy.

References:

1. How to Foster Collaboration Within Hybrid Working Teams. My HR futureб available at: https://www.myhrfuture.com/digital-hr-leaders-podcast/25/10/2022

2. Akhmetov S. Trendy rossiyskogo HR: vyzovy i novye IT-tekhnologii [Russian HR-trends: Challenges and New IT Technologies]. RBK Trendy, 2023, 20 oktyabrya, available at: https://trends.rbc.ru/trends/social/20/10/2023

3. Issledovanie: kak krupnyy rossiyskiy biznes budet razvivat’ tekhnologii udalennoy raboty [The Study: How Large Russian Business Will Develop Distant Work Technologies]. S-News, 2021, 26 yanvarya, available at: https://www.cnews.ru/articles/2021-01-26_cnews_analytics/ 27/01/2021

4. Issledovanie gibridnogo formata raboty NAFI i Logitech [The Study of Gibrid Formats of Work by NAFI and Logitech]. ]. IXBT, 2022, 17 fevralya, available at: https://ixbt.pro/news/2022/02/17/

5. Making Wellbeing Part of a Company’s DNA. AON, available at: https://www.aon.com/en/insights/articles/01/06/2023

6. 7 trends that will define HR in 2024. Сulture Аmp., available at: https://www.cultureamp.com/blog/21.01.2024

7. Analitiki soobshchili o sokrashchenii chisla vakansiy s “udalenkoy” v Rossii [Analytics Announced Decrease of Distant Vacancies in Russia]. RBK, 2023, 17 aprelya, available at: https://www.rbc.ru/society/17/04/2023/643c8f859a79476052551264

8. 4 Day Week Global. 4 Day Week Global, available at: www.4dayweek.com

9. “Ofisnye bolezni”: kak zdaniya vredyat nashemu zdorov’yu [Office Diseases: How Buildings Harm Our Health]. RBK Trendy, available at: https://trends.rbc.ru/trends/social/636e47459a79470dabbbf55f?from=copy

10. Global Risk Management Survey 2023–2024. AON, available at: https://www.aon.com/en/insights/reports/

11. Van Vulpen E., Veldsman D. 11 HR Trends for 2024: Elevating Work. AIHR, available at: https://www.aihr.com/blog/hr-trends

12. Defitsit kadrov v Rossii i chto budet s rynkom truda v 2024 godu [The Workforce Deficit in Russia and What Will Be With the Labor Market in 2024]. Audit-IT, available at: https://www.audit-it.ru/articles/personnel/

13. Tarasova O. Trendy HR 2024 [HR Trends 2024]. VC.RU, 2024, 9 fevralya, available at: https://vc.ru/hr/1023582-trendy-hr-2024/09/02/2024

14. Tverskoy D. HR-trendy 2023 goda. Agressivnyy khanting, tikhiy naem, defitsit krizis-menedzherov [HR-trends 2023. Aggressive Hunting, Quite Hiring, Deficit of Anti-Crisis Managers]. SBER-Pro, 2023, 31 avgusta, available at: https://sber.pro/digital/publication/hr-trendy-2023-goda/31/08/2023

Is it Dawn Soon, Comrade? Emerging Positive Changes in the Domestic Appraisal Industry

DOI: 10.33917/es-3.195.2024.90-101

The article examines key trends in the development of the Russian appraisal industry in 2023–2024, analyzes problem areas and outlines the points of growth. The author relies on the results of an annual study of the valuation services market, which is conducted by the Rating Center of the Institute for Economic Strategies in order to study the ability of industry companies to adapt to current realities and to identify leaders capable of creating and exploiting high strategic potential. When forming a company profile and constructing a scenario forecast of the company’s strategic potential dynamics, in addition to quantitative indicators, qualitative indicators are analyzed, including the level of the services differentiation, the quality of goal setting, involvement in the activities of professional communities, the company’s attitude to the external environment — from participation in charity programs to attention to details that form the image.

References:

1. 2023 Appraisal Industry Benchmark Report. VALCRE, available at: https://www.valcre.com/2023-appraisal-industry-benchmark-report/

2. Digital Transformation in Appraisals: Preparing for the Future. Aloft, available at: https://www.aloftappraisal.com/blog/digital-transformation-in-appraisals

3. Can artificial intelligence finally provide a fair and efficient appraisal process? American City&County, available at: https://www.americancityandcounty.com/2023/02/23/can-artificial-intelligence-finally-provide-a-fair-and-efficient-appraisal-process/

4. AI in appraisal: Can AI coexist with appraisers in the valuation industry? ValuationReview, available at: https://www.valuationreview.com/VR/appraisaltechnology-

2023.aspx

5. Boris Yatsenko. Seychas vremya sil’nykh natsional’nykh brendov v konsaltinge [Now is the Time for Strong National Brands in Consulting]. Kommersant”, 2023, 31 avgusta, available at: https://www.kommersant.ru/doc/6172853

6. S optimizmom k peremenam [Optimistic for Change]. Kommersant”, 2023, 31 avgusta, available at: https://www.kommersant.ru/doc/6172850

7. Mireille Mathieu. “Quand fera-t-il jour, camarade” (1967). YouTube, available at: https://www.youtube.com/watch?v=fZfbZC-SNus

8. Ekaterina Svinova, Evgeniy Vladimirov. S 2025 goda v EAES nachnet funktsionirovat’ edinyy rynok uslug po otsenke imushchestva [From 2025, a Single

Market for Property Valuation Services will begin to Function in the EAEU]. Rossiyskaya gazeta, 2023, 31 avgusta, available at: https://rg.ru/2023/08/31/s-2025-goda-v-eaes-nachnet-funkcionirovat-edinyj-rynok-uslug-po-ocenke-imushchestva.html

9. 29 marta 2023 goda vstupil v silu novyy federal’nyy standart otsenki “Otsenka intellektual’noy sobstvennosti i nematerial’nykh aktivov (FSO XI)” (utv. prikazom Minekonomrazvitiya Rossii ot 30 noyabrya 2022 g. N 659) [On March 29, 2023, The New Federal Valuation Standard “Valuation of Intellectual Property and Intangible Assets (FSO XI)” Came into Force (approved by order of the Ministry of Economic Development of Russia dated November 30, 2022 No. 659)]. OPEO, available at: http://opeo.ru/01.01.02.03/1486.aspx

Country Risk as a Characteristic of Investment Attractiveness

DOI: 10.33917/es-3.195.2024.80-85

Among premiums for various types of risks, determining the value of the capitalization/reduction rate in the formulas of the income approach to evaluation and efficiency of investment projects, the premium for country risk occupies a significant place.

At the same time, taken independently, it can be considered as an indicator characterizing the investment attractiveness of the country. The article describes many years of experience in calculating the country risk premium for the Republic of Belarus, the Russian Federation, Ukraine and other countries. The influence of the Russian Special Military Operation in Ukraine on the value of this indicator is demonstrated. The article is intended for financial advisors, appraisers, teachers, students and scientists in the field of finance and valuation, as well as for specialists in related fields of economics.

References:

1. Trifonov N.Yu. Kompleksnaya otsenka nedvizhimosti [Comprehensive Real Estate Valuation]. Ucheb. posobie. Minsk, Vysheyshaya shkola, 2022, 238 p.

2. Trifonov N.Yu. Evolyutsiya ponyatiya “stoimost’” v sovremennoy otsenochnoy deyatel’nosti [Evolution of “Value” Concept in Modern Evaluation Activities].

Ekonomicheskie strategii, 2020, no 4, pp. 96–103, DOI: https://doi.org/10.33917/es-4.170.2020.96-103

3. Trifonov N.Yu. Dokhodnyy podkhod k otsenke stoimosti: poslednie dostizheniya [Income Valuation Approach: Recent Advances]. Ekonomicheskie strategii, 2021, no 3(177), pp. 100–109, DOI: https://doi.org/10.33917/es-3.177.2021.100–109

4. Trifonov N.Yu. Razvitie metoda nakopleniya riskov dlya rascheta stavki kapitalizatsii [Development of the Risk Accumulation Method for Calculating the Capitalization Rate]. Ekonomicheskaya nauka sovremennoy Rossii, 2021, no 1, pp. 7–14, DOI: https://doi.org/10.33293/1609-1442-2021-1(92)-7-14

5. Metodicheskie rekomendatsii po otsenke effektivnosti investitsionnykh proektov (vtoraya redaktsiya) [Methodological Recommendations for Assessing the Effectiveness of Investment Projects (Second Edition)]. Ofitsial’noe izdanie. Ministerstvo econ. RF, Ministerstvo fin. RF i dr.; ruk. avt. kol. Kossov V.V. i

dr. Moskva, Izdatel’stvo economika, 2000, 421 p.

6. Sharp W.F., Alexander G.J., and Bailey J.W. Investments, 6th Ed., Prentice Hall, Englewood Cliffs, NJ, 1998.

7. Damodaran, A. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, 3rd Edition, John Wiley and Sons, Inc., 2012.

8. Ibbotson R.G. Stocks Bonds Bills and Inflation 1996 Yearbook: Market Results for 1926–1995 (Stocks, Bonds, Bills and Inflation (Sbbi) Yearbook. Chicago, The Associates, 1996.

9. Federal Reserve Board – Home, available at: http://federalreserve.gov/

10. Trifonov N.Yu. Premiya za stranovoy risk kak pokazatel’ investitsionnoy privlekatel’nosti (na primere Respubliki Belarus’) [Country Risk Premium as an Indicator of Investment Attractiveness (Case of Republic of Belarus)]. Obshchestvo i ekonomika, 2023, no 8, pp. 112–116, DOI:

Strategy for Step-by-step Expansion of Digital Engineering System Tools with Artificial Intelligence

DOI: 10.33917/es-3.195.2024.68-79

This work continues to examine the model-oriented system engineering [1–3] and at the same time presents an approach based on streamlining and sequentially complex complementing of MBSE formats according to the principle “from simpler to more complex” with the subsequent study of the possibility to include the considered modeling formats in tool platforms of digital engineering. The main focus is made on the systematic orderliness and logic of the approach presentation, with the understanding that in the subject area there is a wide range of divergent definitions (the well-known effect of the language of the Tower of Babel builders).

References:

1. Kondrat’ev V.V. Model’no-orientirovannyy sistemnyy inzhiniring 2.0 [Model-Based Systems Engineering 2.0]. Moscow, MF TI, 2021.

2. Garichev S.N., Gorbachev R.A., Davydenko E.V., Dzhaparov B.A., Kondrat’ev V.V. Model’no-orientirovannyy inzhiniring fiziko-tekhnicheskikh, informatsionnykh i intellektual’nykh system [Model-Based Engineering of Physical, Technical, Information and Intelligent Systems]. Trudy MFTI, 2022, vol.

14, no 2.

3. Kondrat’ev V.V., Tishchenko E.B. Arkhitekturnyy inzhiniring gibridnykh modeley, vklyuchayushchikh tsifrovye dvoyniki i mashinnoe obuchenie [Architectural Engineering of Hybrid Models Incorporating Digital Twins and Machine Learning]. Ekonomicheskie strategii, 2023, no 5(191), pp. 94–99, DOI:

10.33917/es-5.191.2023.94-99

4. Semin A.N., Tishchenko E.B., Kislitskiy M.M., Kurdyumov A.V. Razvitie metodologicheskikh polozheniy proektnogo upravleniya v sfere obespecheniya tekhnologicheskogo suvereniteta APK [Development of Methodological Provisions of Project Management in the Field of Ensuring Technological Sovereignty of the Agro-Industrial Complex]. Fundamental’nye i prikladnye issledovaniya kooperativnogo sektora ekonomiki, 2022, no 4, pp. 3–10.

5. Kondrat’ev V.V., Lorents V.Ya. Daesh’ inzhiniring! [Give me Engineering!]. Moscow, Eksmo, 2007 (Navigator dlya professionala).

6. Romanov A.A. Prikladnoy sistemnyy inzhiniring [Applied Systems Engineering]. Moscow, FIZMATLIT, 2015.

7. Borovkov A.I., Burdakov S.F., Klyavin O.I., Mel’nikova M.P., Mikhaylov A.A., Nemov A.S., Pal’mov V.A., Silina E.N. Komp’yuternyy inzhiniring [Computer Engineering]. Ucheb. posobie. Saint Petersburg, Izd-vo Politekhn. un-ta, 2012.

8. Potyupkin A.Yu., Chechkin A.V. Iskusstvennyy intellekt. Na baze informatsionno-sistemnoy izbytochnosti [Artificial Intelligence. Based on Information System Redundancy]. Moscow, Kurs, 2022.

9. Organizatsionnyy dizayn. Resheniya dlya korporatsiy, kompaniy, predpriyatiy: Mul’timediynoe uchebnoe posobie + Praktikum na CD-R [Organizational Design. Solutions for Corporations, Companies, Enterprises: Multimedia Textbook + Workshop on CD-R]. Pod red. V.V. Kondrat’eva. Moscow, INFRA-M, 2018 (Upravlenie proizvodstvom).

10. ArchiMate. Vikipediya, available at: https://ru.wikipedia.org/

11. Generativnyy iskusstvennyy intellekt [Generative Artificial Intelligence]. Vikipediya. URL: https://ru.wikipedia.org/

Who Manages the IT of Large Industrial Companies?

DOI: 10.33917/es-3.195.2024.60-67

In any organization, regardless of its scale/dimension (from an enterprise to a state), two goals that are invariant with respect to activity are relevant: sustainability and development of the organization. Neither of these goals should be achieved at the expense of the other. Technological dependence of industrial and financial capital on information technology has made corporate IT an important element of an organization. However, corporate IT of large industrial companies has its  own peculiarities. They focus on sustainability of the IT infrastructure, and give the initiative in developing functionalit y of business systems to the so-called functional customers. In the current turbulent conditions it is necessary to abandon the stereotypes of corporate IT management. The article provides recommendations to general directors and shareholders of large industrial companies.

References:

1. Bashnin A.V., Ozols O.K. Importozameshchenie kul’tury izmerenii [Import Substitution of the Culture of Measurements]. Ekonomicheskie strategii, 2023, no 4(190), pp. 78–85. DOI: https://doi.org/10.33917/es-4.190.2023.78-85

2. Vlast’ v SShA zakhvatila “bol’shaya tsifra” [Power in the USA Was Seized by “Big Numbers”]. Rambler, 2021, 10 marta, available at: https://news.rambler.ru/conflicts/45977057/?utm_content=news_media&utm_medium=read_more&utm_source=copylink

3. Kvitko Yu. “Tsifra” pronikla vo vse sfery ekonomiki [“Digital” has Penetrated All Spheres of the Economy]. Rossiyskaya gazeta, 2020, 28 aprelya, no 8147, available at: https://rg.ru/2020/04/28/cifra-pronikla-vo-vse-sfery-ekonomiki.html

4. Everett C. Johnson. IT governance: More needs to be done. ZD-Net, available at: https://www.zdnet.com/article/it-governance-more-needs-to-bedone/

Artificial Intelligence as a Tool for Strategizing Innovation Development of Russia

DOI: 10.33917/es-3.195.2024.50-59

Innovation is a key factor in the modern economy development. At the same time, strategic planning in the context of innovation development is a primary step towards scientific and technological leadership and sovereignt y. In the modern world, key powers are investing enormous amounts of money in the race for leadership in the field of ar tificial intelligence, defining innovation for the coming years and decades. At the moment most countries, including Russia, have already formed their strategic vision for this sphere’s development. If we consider ar tificial intelligence technologies not just as a way to automate production processes, but as a tool to transform the entire economy due to the synergistic ef fect from introducing these technologies, then the question of the current role of AI in strategizing innovation becomes paramount. Analysis of the relationship between strategic planning documents and the National AI Development Strategy will mak e it possible to identify its place in the existing hierarchy of strategic documents and, as a result, to determine the strategy’s potential in stimulating Russia’s innovation development and economic transformation.

References:

1. Ukaz Prezidenta RF ot 10 oktyabrya 2019 g. N 490 “O razvitii iskusstvennogo intellekta v Rossiyskoy Federatsii” [Decree of the President of the Russian Federation dated October 10, 2019 No. 490 “On the Development of Artificial Intelligence in the Russian Federation”]. Garant, available at: https://base.garant.ru/72838946

2. Porter M. Konkurentnaya strategiya. Metodika analiza otrasley konkurentov [Competitive Strategy. Methodology for Analyzing Competitors’ Industries]. Moscow, Al’pina Pablisher, 2015, 435 p.

3. Khamel G., Prakhalad K.K. Konkuriruya za budushchee. Sozdanie rynkov zavtrashnego dnya [Competing for the Future. Creating Tomorrow’s Markets]. Moscow, Olimp-Biznes, 2014, 288 p.

4. Kvint V.L. Kontseptsiya strategirovaniya [Concept of Strategizing]. Kemerovo, Kemerovskiy gosudarstvennyy universitet, 2022, 170 p., DOI: 10.21603/978-5-8353-2562-7

5. Artificial Intelligence Index Report, 2023. Stanford University, available at: https://aiindex.stanford.edu/report/

6. Pasport FP “Iskusstvennyy intellect” [FP Passport of “Artificial Intelligence”]. Konsul’tantPlyus. Sudebnye i normativnye akty RF, available at: https://sudact.

ru/law/pasport-federalnogo-proekta-iskusstvennyi-intellekt-natsionalnoi-programmy

7. Indeks gotovnosti prioritetnykh otrasley ekonomiki Rossiyskoy Federatsii k vnedreniyu iskusstvennogo intellekta: Analiticheskiy otchet [Index of Readiness of Priority Sectors of the Russian Economy for Implementing Artificial Intelligence: Analytical Report]. Analiticheskiy tsentr pri Pravitel’stve RF; MGU imeni

M.V. Lomonosova, 2021, 159 p.

8. Kolin K.K. Novyy etap razvitiya iskusstvennogo intellekta: natsional’nye strategii, tendentsii i prognozy [New Stage of Artificial Intelligence Development: National Strategies, Trends and Forecasts]. Strategicheskie prioritety, 2019, no 2(22), pp. 4–12.

Confiscation of Russian Assets — a Repressive and Unlawful Act of the Collective West

DOI: 10.33917/es-3.195.2024.44-49

The author examines the legal features of the procedure for the confiscation (expropriation) of frozen Russian assets by Western countries. The procedural aspects of the possible illegal seizure of Russian property are analyzed in the context of international law, taking into account the role of the UN Security Council.

References:

1. V MID predupredili Zapad o posledstviyakh konfiskatsii aktivov [The Foreign Ministry warned the West about the consequences of asset confiscation]. RIA Novosti, 2024, 28 yanvarya, available at: https://ria.ru/20240128/preduprezhdenie-1923932382.html

2. V MID poobeshchali dat’ adekvatnyy otvet v sluchae konfiskatsii aktivov Rossii [The Foreign Ministry promised to give an adequate response in the event of confiscation of Russian assets]. Izvestiya, 2024, 28 yanvarya, available at: https://iz.ru/1641034/2024-01-28/v-mid-rf-poobeshchali-dat-adekvatnyiotvet-v-sluchae-konfiskatcii-aktivov-rossii

3. Ustav Organizatsii Ob”edinennykh Natsiy (Prinyat v g. San-Frantsisko 26 iyunya 1945 g.) [Charter of the United Nations (Adopted in San Francisco on June 26, 1945)]. Konsul’tant Plyus, available at: https://www.consultant.ru/document/cons_doc_LAW_121087/

4. Case concerning military and paramilitary activities in and against Nicaragua (Nicaragua v. United States of America),

available at: https://www.icj-cij.org/public/files/case-related/70/070-19841126-JUD-01-00-EN.pdf

5. Legal consequences for states of the continued presence of South Africa in Namibia (South West Africa) notwithstanding Security Council Resolution 276 (1970), available at: https://www.icj-cij.org/sites/default/files/case-related/53/053-19710621-ADV-01-00-EN.pdf

6. Venskaya Konventsiya o prave mezhdunarodnykh dogovorov (Zaklyuchena v Vene 23 maya 1969 g.) [Vienna Convention on the Law of Treaties (Concluded in Vienna on May 23, 1969)]. Mezhdunarodnoe publichnoe pravo: Sb. dokumentov. T. 1. Moscow, BEK, 1996, pp. 67–87.

7. Mezhdunarodnyy pakt o grazhdanskikh i politicheskikh pravakh (Prinyat 16 dekabrya 1966 g. Rezolyutsiey 2200 (XXI) na 1496-m plenarnom zasedanii General’noy Assamblei OON) [International Covenant on Civil and Political Rights (Adopted on December 16, 1966 by Resolution 2200 (XXI) at the 1496th

plenary meeting of the UN General Assembly)]. Byulleten’ Verkhovnogo Suda RF, 1994, no 12.

8. Yassin Abdullah Kadi and Al Barakaat International Foundation v. Council and Commission (No. C-402/05 P, No. C-415/05 P). InfoCuria. Case-lav, available at: https://curia.europa.eu/juris/document/document.jsf?docid=67611&text=&dir=&doclang=EN

9. Rezolyutsiya Soveta Bezopasnosti OON № 820 (1993) (Prinyata v g. N’yu-Yorke 17 aprelya 1993 g. na 3200-m zasedanii Soveta Bezopasnosti OON)

[UN Security Council Resolution No. 820 (1993) (Adopted in New York on April 17, 1993 at the 3200th meeting of the UN Security Council)]. E-Dos’e, available at: https://e-ecolog.ru/docs/hBTmnhvK14cT0aDj1-QMd?utm_referrer=https%3A%2F%2Fyandex.ru%2F