Financial Framework for Non-Resource Exports to Foster the Dynamic Growth of the Russian Economy
https://doi.org/10.26794/2220-6469-2024-18-3-114-124
Abstract
The relevance of the article is rooted in the critical role of the non-resource sector in the Russian economy, particularly in the face of increasing sanctions.
The purpose of the article is to propose a comprehensive framework for financial assistance to non-resource exports, fostering the sustained growth of the Russian economy in the current context.
Methods: the research methodology is based on general and special methods of cognition; analysis of reports of international organizations, official databases of statistical data, normative documents, monographs and scientific publications.
Scientific novelty: Drawing on the analysis of successful international approaches, we have developed a holistic framework for financial assistance to non-traditional exports in Russia. This framework is designed to complement the national project “International Cooperation and Export”, which is focused on implementing the Strategy for the Development of Foreign Economic Activity of the Russian Federation until 2030.
Research results: The article explores the global experience of comprehensive export support systems and suggests financial measures to help Russian manufacturers of industrial products.
Practical significance of the article lies in the fact that the financial instruments developed for non-primary non-energy exports can be used in the implementation of the Federal National Project “International Cooperation and Export”.
About the Author
T. N. Mamedov
Financial University
Russian Federation
Russian Federation
Tural N. Mamedov — Cand. Sci. (Econ.), leading researcher of the Institute for the Study of International Economic Relations, Docent of the Department of World Economy and World Finance, Financial University
Moscow
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Review
For citations:
Mamedov T.N. Financial Framework for Non-Resource Exports to Foster the Dynamic Growth of the Russian Economy. The world of new economy. 2024;18(3):114-124. https://doi.org/10.26794/2220-6469-2024-18-3-114-124
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