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Economic Analysis: Theory and Practice
 

Analysis of Russia's financial potential under the pressure of sanctions

Vol. 23, Iss. 7, JULY 2024

Received: 24 April 2024

Received in revised form: 15 May 2024

Accepted: 1 June 2024

Available online: 30 July 2024

Subject Heading: ANALYSIS OF FINANCIAL CAPITAL

JEL Classification: E44, Е60, E63, Е69

Pages: 1365–1383

https://doi.org/10.24891/ea.23.7.1365

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. The article investigates Russia's financial potential under the pressure of sanctions.
Objectives. The aim is to define the characteristics of Russia’s finance potential under the pressure of sanctions.
Methods. The study employs methods of data analysis and synthesis, economic and mathematical methods, in particular, correlation and regression analysis. It also applies the graphical method of presenting the obtained scientific results.
Results. The study identified a significant amount of intraday loans provided by the Bank of Russia to maintain the efficiency of credit institutions, revealed the dependence of credit portfolio parameters of credit institutions on the volume of customer funds, as well as the correlation of the value of "liabilities – funds of banks" with the number of purchased federal loan bonds.
Conclusions. The revealed financial potential of Russia under the pressure of sanctions will enable financial authorities to eliminate the discrepancy between the maximum values of the net position on direct investments and its growth rates, reduce the time lag from the maximum growth rates of the foreign trade balance and its maximum values, and support the non-financial sector and households in attempts to reduce the debt burden.

Keywords: foreign trade balance, intraday credit, debt burden, loan portfolio, financial potential

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