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Digest Finance
 

The level and method of Russia's integration into the global economy

ISSUE 3, SEPTEMBER 2025

Received: 7 April 2025

Accepted: 21 April 2025

Available online: 30 September 2025

Subject Heading: MONETARY SYSTEM AND CURRENCY CIRCULATION

JEL Classification: Е25, Е60, Е69, F40, F47, F49

Pages: 15-31

https://doi.org/10.24891/bavyum

Valery V. SMIRNOV Chuvash State University named after I.N.Ulyanova, Cheboksary, Russian Federation
v2v3s4@mail.ru

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

Subject. Level and method of Russia's integration into the world economy.
Objective of the work. To determine the level and method of Russia's integration into the world economy.
Methodology of the work. The research methodology is based on the use of general scientific methods, primarily on the analysis and synthesis of data, and special economic and mathematical methods, in particular, correlation and regression analysis and graphical methods.
Results of the work. The study revealed a number of provisions indicating the level of Russia's integration into the world economy: fourth place in the world in terms of purchasing power parity; growth of international reserves; in certain periods, foreign direct investment in the country grew faster than other investments. The work found that the main way of integration into the world economy is a positive balance of trade due to oil and gas exports. However, the current account balance is less significant than the trade balance due to interest payments on foreign loans, the implementation of a strategy for making a profit in the foreign exchange market, due to the difference in interest rates. A reduction in debt to non-residents on sovereign securities is shown. The country's public external debt began to fluctuate at a higher level, but within a narrowed range of values, and the volume of federal loan bonds owned by non-residents decreased with a significant increase in their volume. The Russian budget is replenished by contributions from transactions on the sale of local assets of residents of foreign countries.
Conclusions. The identified level and method of Russia's integration into the global economy are informative for both Russian and foreign investors, generally indicating the boundaries of investment benchmarks.

Keywords: investment, integration, bonds, current account, trade balance

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