DOI: https://doi.org/10.33917/es-6.186.2022.26-29

Sanctions against the Russian Federation have created fundamentally new conditions for the functioning of the Russian economy.

This poses new challenges, which require government spendings increase. It appears that Russian regulators have unused mechanisms, the use of which will provide the economy with new money, without complicating the situation of other sectors. The article suggests mechanisms that highlights internal sources of liquidity formation for the economy. In the environment of sanctions, such mechanisms also increase the independence of monetary policy from external constraints.

References:

1. Kommentarii Banka Rossii po operatsiyam na rynke gosudarstvennogo dolga [Bank of Russia’s Commentary on Operations in the Government Debt Market]. Bank of Russia, 2022, 18 marta, available at: http://www.cbr.ru/eng/press/event/?id=12763.

2. TsB RF [Central Bank of the Russian Federation]. Obzor riskov finansovykh rynkov, 2022, no 2–3(60–61), fevral’-mart.

3. Bank Rossii. Osnovnye napravleniya edinoi gosudarstvennoi denezhno-kreditnoi politiki na 2023 god i period 2024 i 2025 godov: Proekt ot 11 avgusta 2022 g. [Bank of Russia. Guidelines for the Single State Monetary Policy for 2023 and the Period of 2024 and 2025: the Draft of August 11, 2022]. Bank Rossii, pp. 24–25, available at: https://cbr.ru/about_br/publ/ondkp/on_2023_2025/

4. Ershov M.V. Kakaya ekonomicheskaya politika nuzhna Rossii v usloviyakh sanktsii? [What Kind of Economic Policy does Russia Need in the Face of Sanctions?]. Voprosy ekonomiki, 2014, no 12, pp. 37–53.

DOI: https://doi.org/10.33917/es-6.186.2022.16-25

Forecasting the ruble exchange dynamics appears objectively necessary for shaping both the medium-term financial strategy of industry corporations and the general strategic course for occupying leading positions in sectors of business interest, including through the use of new financial instruments, new markets and, in general, a system of strategic planning of socio-economic development of Russia. However, in today’s realities, according to most experts, with whom we cannot but agree, the task of forecasting seems extremely difficult and appears complicated by the fact that the launched crises are unpredictable and are characterized by a diverse nature (pandemic and geopolitical crises, expansion of trade wars and sanctions). In such conditions, when uncertainty grows excessively, it is important to turn to the accumulated experience: to analyze to what extent the available models can be suitable for prospective assessments in the current environment.

References:

1. Kuranov G.O. Metodicheskie voprosy kratkosrochnoi otsenki i prognoza makroekonomicheskikh pokazatelei [Methodological Issues of Short-Term Assessment and Forecast of Macroeconomic Indicators]. Voprosy statistiki, 2018, no 25(2), pp. 3–24.

2. Frenkel’ A.A., Volkova N.N., Surkov A.A., Romanyuk E.I. Sravnitel’nyi analiz modifitsirovannykh metodov Greindzhera — Ramanatkhana i Beitsa — Greindzhera dlya postroeniya ob”edinennogo prognoza dinamiki ekonomicheskikh pokazatelei [Comparative Analysis of Modified Granger-Ramanathan and Bates-Granger Methods for Developing a Combined Forecast of Economic Indicators Dynamics]. Voprosy statistiki, 2019, no 26(8), pp. 14–27.

3. Shirov A.A. Makrostrukturnyi analiz i prognozirovanie v sovremennykh usloviyakh razvitiya ekonomiki [Macrostructural Analysis and Forecasting under Current Conditions of Economic Development]. Problemy prognozirovaniya, 2022, no 5, pp. 43–57.

4. Dmitrieva M.V., Suetin S.N. Modelirovanie dinamiki ravnovesnykh valyutnykh kursov [Simulating the Dynamics of Equilibrium Exchange Rates]. Vestnik KIGIT, 2012, no 12–2(30), pp. 061–064.

5. Linkevich E.F. Mirovaya valyutnaya sistema: poliinstrumental’nyi standart [World Monetary System: Polyinstrumental Standard]. Krasnodar, 2014, pp. 82–91.

6. Ageev A.I., Loginov E.L. Izmenenie strategii operirovaniya dollarom: zapusk SShA novogo kreditno-investitsionnogo tsikla vo vzaimosvyazi s valyutnymi voinami [Changing the Strategy of Dollar Handling: US Launch of New Credit-Investment Cycle in Association with the Currency Wars]. Ekonomicheskie strategii, 2015, no 3(129), pp. 20–35.

7. Fedorova E.A., Lazarev M.P. Vliyanie tseny na neft’ na finansovyi rynok Rossii v krizisnyi period [Impact of Oil Prices on the Financial Market of Russia During the Crisis]. Finansy i kredit, 2014, № 20(596), pp. 14–22.

8. Kuz’min A.Yu. Valyutnye kursy: v poiskakh strategicheskogo ravnovesiya [Exchange Rates: in Search of Strategic Equilibrium]. Ekonomicheskie strategii, 2018, no 1, pp. 82–91.

DOI: https://doi.org/10.33917/es-6.186.2022.4-5

DOI: 10.33917/mic-6.107.2022.81-90

The scientific article analyzes the definitions of the concept of «cartel conspiracy» and examines the historical features of the development of cartels in Russia. International experience is taken into account in relation to the issue of research on the example of the USA and Germany. The authors have formulated their own definition of cartel collusion as a form of association of economic entities based on a number of oral or written agreements, the participants of which, without renouncing financial, industrial and commercial independence, achieve common goals (influence on prices, determination of the course and results of bidding, division of territories or consumers) when interacting with various economic entities (cartel and non-cartel companies, suppliers and customers of goods and services, direct competitors, manufacturers of substitutes, government agencies, etc.).

References:

1. Report on the state of competition in the Russian Federation for 2021. Moscow, 2022. 471 p. URL: https://fas.gov.ru/documents/688431

2. Report on the state of competition in the Russian Federation for 2020. Moscow, 2021. 534 p. URL: https://fas.gov.ru/documents/b-n-3609af5f-7476-4122-bb77-d04c49d96ca7

3. Report on the state of competition in the Russian Federation for 2018. Moscow, 2019. 632 p. URL: https://fas.gov.ru/documents/685806

4. Report on the state of competition in the Russian Federation for 2017. Moscow, 2018. 806 p. URL: https://fas.gov.ru/documents/658027

5. Report on the state of competition in the Russian Federation for 2016. Moscow, 2017. 739 p. URL: https://fas.gov.ru/documents/596439

6. Klimenkov I.N. Cartel: a comparative analysis of the approaches of foreign countries and the Russian Federation // Bulletin of the Moscow University of the Ministry of Internal Affairs of Russia. 2019;7:204-207. (In Russ.).

7. Lisitsyn-Svetlanov A.G., Bashlakov-Nikolaev I.V., Zavarukhin V.P. [and etc.]. Cartelization of the Russian economy: the main causes, consequences and ways to eliminate them // Bulletin of the Russian Academy of Sciences. 2020;90(10):903-913. (In Russ.).

8. Kalyakina Yu.I. Cartel collusion in the era of a pandemic // Alley of Science. 2021;10 (61):419-422. (In Russ.).

9. Korneva E.D. Cartel collusion and methods of combating it // Modern trends in economics and management: a new look. 2011;12-1:23-28. (In Russ.).

10. Marshall R.C., & Marx L.M. The economics of collusion: Cartels and bidding rings, Mit Press, 2012.

11. Yusupov A.M. Factors stimulating the development of cartels in Russia // Topical issues of modern economic science: Proceedings of the XI International Scientific Conference, Astrakhan, April 21, 2021. Astrakhan: Astrakhan State University, 2021. pp. 228-232. (In Russ.).

12. Tabakaeva M.R., Chaikina K.A. Influence of cartels on the modern economy // Actual problems of aviation and cosmonautics. 2019;3:136-138. (In Russ.).

13. Lapin V.O. In search of effective methods for investigating cartel conspiracies // Society: politics, economics, law. 2022;2:78–83. (In Russ.).

DOI: 10.33917/mic-6.107.2022.76-80

Currently, the activities of microfinance institutions are widespread all over the world. The article explores the history of the emergence of microfinance organizations, originating from the Middle Ages. The current state of the microfinance market of the Russian Federation is analyzed and its participants are considered. Measures are proposed to improve the quality of services provided by microfinance organizations. The relevance of the article is explained by the need to understand the economic nature of the origin of microfinance transactions against the background of the rapid growth of their number both in Russia and abroad.  

References:

1. Zakhkin A.A. Microfinance in the financial services market: background and world experience // Banking services. 2013;2:8-14. (In Russ).

2. Ulyantseva Zh.A. Microfinance Institute in Russia: Dynamics and Directions of Development / Collection of materials of the International Scientific and Practical Forum «Modern Innovative Directions for the Development of the Activities of Insurance and Financial-Credit Organizations in the Conditions of a Transformational Economy». Kursk: CJSC «Universitetskaya kniga». 2016. pp. 148-152. (In Russ).

3. Microfinance, Bank of Russia. Official website of the Bank of Russia. URL: https://www.cbr.ru/microfinance/

DOI: 10.33917/mic-6.107.2022.66-75

The article deals with the problems of typology and scaling of innovative entrepreneurship, its place in the development of the global and domestic economy. The evolution of engineering thinking and the allocation of technological entrepreneurship based on the generation and implementation of innovations are considered. It is shown how the development of the ecosystem approach creates new opportunities for the production of innovative products through the formation of special innovative ecosystems. The authors emphasize the importance of engineering education in the mass development of domestic innovative entrepreneurship.

DOI: 10.33917/mic-6.107.2022.60-65

The purpose of this work is to study the development of the beekeeping industry in the modern world. The study touched upon the history of beekeeping in Russia and in other countries, indicated the uniqueness of honey and other bee products, and also noted the effectiveness of conducting activities in this industry. One of the tasks of developing the market for beekeeping products is to increase employment and incomes of the rural population. The theoretical provisions and conditions that affect the employment and income of the rural population during the development of the beekeeping industry were also disclosed.

References:

1. On beekeeping in the Russian Federation: Federal Law No. 490-FZ: [adopted by the State Duma on December 22, 2020: approved by the Federation Council on December 25, 2020]. – Access from the information and legal system «Garant».

2. Kozyaychev Yu.V., Thorikov B.A. Analysis of the world experience in the development of the beekeeping industry. Economics. Informatics. 2018;45(2):251-260. (In Russ.).

3. Nikulina O.V., Ledovskoy M.A. Analysis of the development of the beekeeping industry in Russia: identifying problems and searching for reserves to increase competitiveness in the international arena. Regional economy and management: electronic scientific journal. 2022;1(69). URL: https://cyberleninka.ru/article/n/analiz-razvitiya-otrasli-pchelovodstva-v-rossii-vyyavlenie-problem-i-poisk-rezervov-dlya-povysheniya-konkurentosposobnosti

4. Kondratyuk I.A. Territorial structure of beekeeping in China. Innovations and investments. 2021;7:28-31. (In Russ).

5. Ponomarev A.S. Problems of beekeeping in China // Paseka-online. URL: http://naceka-online.ru/stati/zarubezhnoe-pchelovodstvo/problemy-pchelovodstva-kitaja.html

6. Ponomarev A.S. Russian beekeeping in 2020: challenges, results and trends. Beekeeping. 2021;1:8-11. (In Russ).

7. Kozyaychev Yu.V. Analysis of the world experience in the development of beekeeping / Yu.V. Kozyaychev, B.A. Tkhorikov. Scientific Bulletin of the Belgorod State University. Series: Economy. Informatics. 2018;2:251-260. (In Russ).

8. Global honey market in 2020. URL: https://www.apiworld.ru/1622805431.html

9. Vaganova O.V. Regional economy: textbook. allowance / O.V. Vaganova, Ya.Yu. Bondareva, I.V. Chistnikova and others. Belgorod: Publishing House «Belgorod», NRU BelGU, 2017. 140 p. (In Russ).

10. Chepik A.G. Improving the efficiency of beekeeping development in the Russian Federation: theory, methodology and practice: dissertation … Doctor of Economics: 08.00.05. Moscow, 2007. 317 p.

11. Gulyamova D. Beekeeping: a resource for the development of rural areas. Pravda Vostoka, September 20, 2022. URL: https://yuz.uz/ru/news/pchelovodstvo-resurs-dlya-razvitiya-selskix-territoriy

DOI: 10.33917/mic-6.107.2022.49-59

This article assesses the financial potential and corporate asset management policy of Severstal Corporation PJSC. A recommendation is given to change the current liabilities management policy from aggressive to moderate, which will lead to an increase in the financial stability of the enterprise, a decrease in the effect of financial leverage, as well as an increase in the weighted average cost of capital as a whole. The study conducted by the authors showed that Severstal Corporation PJSC has average estimates for almost all components of the financial potential of the corporation, therefore, it can be assigned an integral average level of financial potential.

References:

1. Eroputova O.A. Analysis and evaluation of cash flows from investment operations of PJSC Severstal. The Scientific Heritage. 2022;86-3(86):17-20.

2. Izzuka T.B., Tkachenko I.D. The impact of COVID-19 on the financial condition of metallurgical enterprises: problems and prospects. Economic sciences. 2021;195:67-77. (In Russ.).

3. Isaeva S.S. Assessment of the probability of bankruptcy by various methods on the example of PJSC Severstal (foreign practice). The world economy: security problems. 2017;3:25-29. (In Russ.).

4. Karkanitsa A.S., Strunnikova Ya.D., Rodionova D.V., Savinkina A.D., Kirdyanova D.I., Khayak A.A., Strunnikova A.D. Market model of shares of PJSC Severstal. Economics and entrepreneurship. 2020;1(114):767-769. (In Russ.).

5. Nikolaeva E.V., Pletnev D.A., Mirvakhedi S. The practice of assessing transaction costs: the case of PJSC Severstal. Bulletin of Chelyabinsk State University. 2020;6(440):204-211. (In Russ.).

6. Rykanin N.V. Overview of the metallurgical industry of Russia and the position of PJSC Severstal in it. Financial economics. 2021;4:194-197. (In Russ.).

7. Rykanin N.V. Prospective analysis of cash flows of PJSC Severstal. Natural sciences and humanities research. 2021;35 (3):278-284. (In Russ.).

8. Sapunova T.A., Koivistoinen A.A. Development of innovative financial strategy of PJSC Severstal. Economics and Business: theory and practice. 2022;6-2 (88):149-152. (In Russ.).

9. Cherednichenko A.S. Analysis of financial results of PJSC Severstal in terms of outsourcing of business processes. Modern Science. 2019;9-1:121-124.

10. Shuvarikov M.D. Principles of IFRS in the financial analysis of PJSC Severstal and PJSC NLMK. Economic security. 2021;4(3):839-852. (In Russ.).

DOI: 10.33917/mic-6.107.2022.43-48

The article provides a brief analysis of the state of the macro-industries of the Russian economy, it is shown that in the market conditions of the modern post-pandemic and tough sanctions period, there is a need to restructure production to create substitute goods.

This is especially true for small and medium-sized enterprises in all sectors of the economy, where the implementation of the national economic policy is carried out in accordance with the Decree of the President of the Russian Federation No. 204 of 07.05.2018, the implementation date of which is scheduled for 2024, development of all sectors of the economy and types of economic activity, and as a result – to increase sustainable socio-ecological and economic development, quality of life and well-being of the population of the country as a whole, and individual regions, in particular.

References:

1. On national development goals and strategic tasks of the Russian Federation until 2024: Decree of the President of the Russian Federation of 7 May 2018 (ver. of 19.07.2018), Collected Laws of the RF, 20 (14.05.2018) Art. 2817.

2. Babina L.N., Skotarenko O.V. Features of the qualimetric approach in regional studies // Scientific and Technical Bulletin of the St. Petersburg State Polytechnic University. Economic sciences. 2013;5(180):161-165. (In Russ).

3. Vukovich G.G. Dialectics of the laws of the evolution of the natural system and the economic cyclicity of the development of society // Economics of sustainable development. 2011;3(7):30-35.

4. Deruzhinsky G.V. Labor market of an investment-attractive region: features of its functioning in modern post-crisis conditions / G.V. Deruzhinsky, T.G. Stroiteleva // Economics of sustainable development. 2012;1(9):81-86.

5. Kizim A.A., Filichkina T.B. Marketing and logistics in the context of small business development. Science and education: economy and economics; entrepreneurship; law and management. 2014.№ 1 (44).

6. Marx K. On the Critique of Political economy. M.: Publishing House of Political Literature, 1984. 207 p.

7. Regions of Russia. Socioeconomic indicators – 2020. Official website of the Russian Federal State Statistics Service. URL:  https://rosstat.gov.ru/

8. Soviet encyclopedic dictionary. Moscow: Publishing house «Soviet Encyclopedia», 1984. 1633 p.

DOI: 10.33917/mic-6.107.2022.32-42

The article analyzes network interactions as a factor in the formation of business value in the digital economy. In the course of the study, the author analyzes the advantages and features of network interactions within platform business models and business ecosystems. The author comes to the following conclusions. Network interactions between platform participants produce network effects. Taking advantage of network effects is changing the way business value is created. Data is becoming the main asset that ensures the growth of the capitalization of digital companies. Links of the value chain are transformed into modules and embedded in networks. Under the influence of digital technologies, business value is created at all levels of the economic system (including the nanolevel), companies are turning from static hierarchical structures into dynamic networks of interconnected players, and the role of company management in creating business value is changing.

References:

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2. Galbraith J.K. New industrial society. Favorites. Moscow: Eksmo, 2008. 1200 p.

3. Best M. New competition. Institutes of industrial development. Moscow: TEIS, 2002. 356 p.

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5. Belyaeva I.Yu. Capital of financial and industrial corporate structures: theory and practice / I. Yu. Belyaeva, M. A. Eskindarov. Moscow: INFRA-M, 2001. 399 p.

6. Eskindarov M.A. Development of corporate relations in the modern Russian economy. Moscow: Respublika, 1999. 366 p.

 7. Granovetter M. Economic Action and Social Structure: The Problem of Embeddedness // American Journal of Sociology. 1985;91. URL: https://www.jstor.org/stable/2780199?seq=1#page_scan_tab_contents

8. Granovetter M. Economic institutions as social constructors // Journal of sociology and social anthropology. 2004;8(1):77-80. (In Russ).

9. Ananyin O.I., Odintsova M.I. Methodology of economic science: modern problems and trends // Sources, Vol. 4. Moscow: IE RAN, 2000, pp. 135-136.

10. Williamson O.I. Economic Institutions of Capitalism: Firms, Markets, “Relational” Contracting / Scientific Editing and Introductory Article by V.S. Katkalo; per. from English. Yu.V. Blagov, V.S. Katkalo, D.S. Slavnova, Yu.V. Fedotova, N.N. Tsytovich. St. Petersburg: Lenizdat; CEV Press, 1996. 702 p.

11. Oleinik A. Model of network capitalism // Questions of Economics. 2003;8:132–149. (In Russ.).

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13. Kats M.L. Network externalities, competition and compatibility / M.L. Katz, K. Shapiro // Milestones of economic thought. T. 5. Theory of industrial markets / Ed. A.G. Slutsky. St. Petersburg: School of Economics, 2003. pp. 500–535.