Specifics of Ensuring Russia’s Economic Security under Sanctions Pressure

Abstract

The intensity of discussion of issues of ensuring economic security at the country level increases with the increasing impact of negative factors from both the external and internal environment. The formulation of challenges to the economic security of the Russian Federation becomes the starting point for determining measures to counter the identified threats and risks to economic security. At the same time, it is necessary to consider that the measures being implemented cannot be considered in isolation from the current processes of socio-economic development and following a certain course of the national economy. In this regard, the purpose of the study is to identify specific features of the ensuring economic security of Russia process in the context of sanctions pressure. To achieve this goal, the methods of comparative, retrospective, institutional and regulatory analysis, as well as tools of the system approach and special methods of studying economic security (indicative, threshold, etc.) were used. As a result of the study, it was established that the efforts taken to counter threats and challenges to the country’s economic security should be built into the economic development model, which requires the development of a mechanism for overcoming the emerging negative trends, as well as closer intercountry integration. That is, it is recommended to involve the potential of friendly countries that are part of various integration groups, of which Russia is a member, in solving the problems of economic security of Russia. As a main conclusion, it should be noted that the importance of a comprehensive solution to the problems of achieving sustainable economic dynamics is exacerbated in the context of the modern period of development of the Russian Federation, when it is under active sanctions pressure from unfriendly countries of the “collective West”. Accordingly, it is necessary to strengthen state regulation in the area under consideration.