+7 495 989 9610, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Special Aspects of Russian Investments

Vol. 27, Iss. 8, AUGUST 2021

Received: 19 April 2021

Received in revised form: 20 May 2021

Accepted: 3 June 2021

Available online: 30 August 2021

Subject Heading: INVESTING

JEL Classification: E20, E62, G24, G31, H54

Pages: 1748–1772

https://doi.org/10.24891/fc.27.8.1772

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 addresses Russian investments.
Objectives. The focus is on revealing the special aspects of Russian investments.
Methods. The study rests on the systems approach, using the method of statistical, neural network, and cluster analysis.
Results. I highlight the relevance of the analysis of characteristics of Russian investments. The paper unveils the lack of consistency between strategic and tactical investment priorities and, as a result, the encouraging of the beneficiaries of the Russian private property to actively participate in the political life of the State to use not only their own funds, but also attracted ones, i.e. long-term financial investments in shares and other forms of participation in capital, including funds from the issue of Federal loan bonds, corporate bonds and shares. The paper also defines the most effective structure of the balance of "Financial Assets Minus Liabilities" and significant financial ties of the Russian economy sectors. The specific aspects of Russian investments are related to the orientation towards the development of the banking sector by ensuring the growth of retail lending, investments in Federal loan bonds, and operations to manage short-term liquidity. Curbing the devaluation of the national currency can be ensured by attracting funds from insurers, investment funds, and non-State pension funds to purchase Federal loan bonds.
Conclusions. The basis of the Russian approach to investment is a reflection of the limits of economic development and the effectiveness of the government.

Keywords: balance, devaluation, investment, approach, financial ties

References:

  1. Steblyanskaya A., Bi K., Denisov A.D. et al. Changes in sustainable growth dynamics: The case of China and Russia gas industries. Energy Strategy Reviews, 2021, vol. 33, no. 100586. URL: Link
  2. Sadikova M., Faisal F., Resatoglu N.G. Influence of energy use, foreign direct investment and population growth on unemployment for Russian Federation. Procedia Computer Science, 2017, vol. 120, pp. 706‒711. URL: Link
  3. Hauser P. Does ‘more’ equal ‘better’? – Analyzing the impact of diversification strategies on infrastructure in the European gas market. Energy Policy, 2021, vol. 153, no. 112232. URL: Link
  4. Sauvageot E.P. Between Russia as producer and Ukraine as a transit country: EU dilemma of interdependence and energy security. Energy Policy, 2020, vol. 145, no. 111699. URL: Link
  5. Vatansever A. Put over a barrel? “Smart” sanctions, petroleum and statecraft in Russia. Energy Research & Social Science, 2020, vol. 69, no. 101607. URL: Link
  6. Stančík A., Osička J., Overland I. Villain or victim? Framing strategies and legitimation practices in the Russian perspective on the European Union’s Third Energy Package. Energy Research & Social Science, 2021, vol. 74, no. 101962. URL: Link
  7. Bayramov V., Rustamli N., Abbas G. Collateral damage: The Western sanctions on Russia and the evaluation of implications for Russia’s post-communist neighbourhood. International Economics, 2020, vol. 162, pp. 92‒109. URL: Link
  8. Hess M. Russia and Central Asia: Putin's Most Stable Region? Orbis, 2020, vol. 64, iss. 3, pp. 421‒433. URL: Link
  9. Malle S. Russia and China in the 21st century. Moving towards cooperative behavior. Journal of Eurasian Studies, 2017, vol. 8, iss. 2, pp. 136‒150. URL: Link
  10. Zhong W., Kong R., Chen G. Gold prices fluctuation of co-movement forecast between China and Russia. Resources Policy, 2019, vol. 62, pp. 218‒230. URL: Link
  11. Locatelli C. The Russian oil industry between public and private governance: Obstacles to international oil companies’ investment strategies. Energy Policy, 2006, vol. 34, iss. 9, pp. 1075‒1085. URL: Link
  12. Pao H.-T., Tsai C.-M. Multivariate Granger causality between CO2 emissions, energy consumption, FDI (foreign direct investment) and GDP (gross domestic product): Evidence from a panel of BRIC (Brazil, Russian Federation, India, and China) countries. Energy, 2011, vol. 36, iss. 1, pp. 685‒693. URL: Link
  13. Ketenci N. Capital mobility in Russia. Russian Journal of Economics, 2015, vol. 1, iss. 4, pp. 386‒403. URL: Link
  14. Dikova D., Panibratov A., Veselova A. Investment motives, ownership advantages and institutional distance: An examination of Russian cross-border acquisitions. International Business Review, 2019, vol. 28, iss. 4, pp. 625‒637. URL: Link

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 27, Iss. 8
August 2021

Archive