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Finance and Credit
 

The use of digital financial assets in the context of the Russian oil-and-gas industry transformation

ISSUE 7, JULY 2025

PDF  Article PDF Version

Received: 14 April 2025

Accepted: 28 April 2025

Available online: 30 July 2025

Subject Heading: INTERNATIONAL PAYMENT MECHANISMS

JEL Classification: E42, F52, K22, Q37

Pages: 229-240

https://doi.org/10.24891/dyywbf

Daniil A. KURNYSHEV Corresponding author, Lomonosov Moscow State University, Moscow, Russian Federation
daniil77887788@gmail.com

ORCID id: not available

Mariya E. REUT Lomonosov Moscow State University, Moscow, Russian Federation
marireyt2002@gmail.com

ORCID id: not available

Subject. This article discusses digital financial assets as a promising method of payment in the oil and gas industry.
Objectives. The article aims to identify the prospects of creating a digital financial asset linked to the hydrocarbon resources of the Russian Federation.
Methods. For the study, we used historical and theoretical analysis, systems-and-functional and integrated approaches, scenario forecast and ensemble forecasts, analysis and synthesis, induction and deduction, scientific abstraction, and generalization.
Results. The article justifies the formation of an extended economic and legal framework that will regulate the issues of digital financial assets as a means of payment for foreign trade contracts in the oil and gas industry. It proposes recommendations for the strategic development of the institute of digital financial assets and the diversification of payment methods within the framework of the foreign economic detail of domestic oil and gas companies to reduce the impact of sanction pressure on the complex.
Conclusions and Relevance. The legal regulation of digital financial assets in the Russian Federation is developing. The adopted laws and regulations create the basis for the functioning of the digital financial assets market, however, to achieve a stable and secure market, further improvement of legislation, as well as cooperation with international institutions, is necessary. The results of the study can be applied in the oil and gas sector of the Russian Federation.

Keywords: finance, economics, oil and gas industry, law

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