Forming a New System of Financial Settlements between Russia and the Global South Countries

DOI: 10.33917/es-5.203.2025.20-27

The article examines transformation of the international financial settlement system, catalyzed by anti-Russian sanctions. Formation of a new global financial system is facing resistance from the beneficiaries of the existing world order, but there are ways to bypass the barriers being erected. Fur ther development will require complete replacement of Western financial instruments and institutions in the markets and jurisdictions of non-Western countries.

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Cryptocurrency Management Model for Forming the EAEU Unified Electronic Currency

#6. For the High Norm
Cryptocurrency Management Model for Forming the EAEU Unified Electronic Currency

The article discusses the possibility of forming (based on cryptocurrency principles) a single electronic currency of the EAEU. On the basis of a cryptocurrency approach — e-currency emission — it becomes possible to solve the problems of increasing investments, including to overcome the limited capabilities of national financial institutions in their competition with financial and banking groups — non-residents of the EAEU member states. A cryptocurrency management model allows to solve the problem of rearranging volumes, structure and conditions of emission and turnover of digital financial assets within the EAEU as a kind of bundled package of various types of investment resources based on an integrated cryptocurrency control, mining and ICO (Initial Coin Offering) in conjunction with economic activity and exchange rates of the EAEU Member States. The unified financial system of the EAEU in terms of financial resources amount will be able to withstand the risks of currency and financial collapses due to manipulative games and currency attacks by international speculative groups.

Proposals for the Financial System’s Reform

#1. Event Horison
Proposals for the Financial System’s Reform

The article analyzes the financial system of Russia, which is a key element in regulating a market economy and the perfection of which determines the pace of economic development. Federal Law No. 172-FZ “On Strategic Planning in the Russian Federation” adopted by the State Duma of the Russian Federation on June 28, 2014 was supposed to help the government, but any planning is possible only if there are a plenipotentiary body, models and regulatory framework. The author offers a number of steps to create a quality regulatory framework for planning.

Crypto-Currencies, Markets and Institutions

#1. Event Horison
Crypto-Currencies, Markets and Institutions

Crypto-currency is becoming one of the key factors for competitiveness of major players in national and global monetary and financial markets. Bitcoin has actually become one of the world’s currencies. State regulators’ conceptions about decentralization and autonomy of crypto-currencies create ever greater risks of currency-financial collapses owing to manipulative games and currency attacks of international speculative groups. Real beneficiaries of the crypto-currency volatility, as a rule, remain beyond visibility of the world community. Trends in the development of crypto-currencies as an increasingly important element of the world monetary and financial markets have determined for our country the need to form a mechanism for planning and coordinating the monetary and monetary policy of the EAEU member states with an agreed rate of a single electronic currency, circulation terms and conditions (zones, etc.) applying the principles of forming a transparent and unified organizational structure of financial institutions and markets within the framework of the EAEU.

Trump as a Mirror of the World Revolution

#8. New Year’s Forces
Trump as a Mirror of the World Revolution

Trump’s personality and the events associated with him not for the first month excite the world. It was said so much that, it seems, there is nothing to add … except for the main thing — the real reasons for what is happening and a sound forecast for the future. The story with the “tops” and “bottoms” archived decades ago again becomes frighteningly real in all corners of our small world. There are more and more similarities…

The Role of Fundamental Science in Providing Financial-Economic Security

#9. Execution Excess
The Role of Fundamental Science in Providing Financial-Economic Security

With the capitalist economy development more evident becomes the tendency of a definite isolation of financial sphere from the so-called “real sector” of economy. This “isolation” is supported the basic principles of economic thought, in particular by money neutrality principle (the classic dichotomy) of the neoclassical school. Today, financial sector and financial capital have transformed from a mediator serving reproduction into a key factor, largely determining economic development of both individual national economies and the world economy as a whole. Hypertrophic growth of financial sector causes a widening gap between material-substantial and financial flows. Resulting imbalances lead to severe crises phenomena, the most powerful of which is the global crisis began in 2008. Its effects are still determining a high degree uncertainty of the whole world development. This article deals with scientific comprehension of the problem of providing financial and economic security of an open economy, which includes Russia, in arising difficult conditions of increasing instability and global competitive tension.

The Role of Fundamental Science in Providing Financial-Economic Security

#8. Some Time in Petrograd...
The Role of Fundamental Science in Providing Financial-Economic Security

With the capitalist economy development more evident becomes the tendency of a definite isolation of financial sphere from the so-called “real sector” of economy. This “isolation” is supported the basic principles of economic thought, in particular by money neutrality principle (the classic dichotomy) of the neoclassical school. Today, financial sector and financial capital have transformed from a mediator serving reproduction into a key factor, largely determining economic development of both individual national economies and the world economy as a whole. Hypertrophic growth of financial sector causes a widening gap between material-substantial and financial flows. Resulting imbalances lead to severe crises phenomena, the most powerful of which is the global crisis began in 2008. Its effects are still determining a high degree uncertainty of the whole world development. This article deals with scientific comprehension of the problem of providing financial and economic security of an open economy, which includes Russia, in arising difficult conditions of increasing instability and global competitive tension.