The "Economic Strategies" journal

#3. 2025




Modeling the processes of ensuring the resilience of state organizational systems to attempts to seize power by an identified and unidentified enemy

DOI: 10.33917/mic-3.122.2025.5-14

The article considers the problems of counteracting the risks of initiated loss of controllability of state organizational systems in the context of attempts to seize power by an identified and unidentified enemy. A set of indicators describing the system under consideration is analyzed, and the relationships between these indicators are established.

References: 

1. Abramov V.I., Loginov E.L. Agent-based approaches to the analysis and forecasting of political sentiment in society and the construction of mechanisms for adjusting positive and negative reactions to socio-political situations. Russia in the 21st century: global challenges and development prospects: Proceedings of the Seventh International Forum, Moscow, December 20–21, 2018. Moscow: IPR RAS, 2018. pp. 373-376.

2. Ageev A.I., Grabchak E.P., Loginov E.L. Use of artificial intelligence in the implementation of troop command and control of civilian facilities as a single hybrid battlefield. Neurocomputers and their application: Abstracts of the XX All-Russian Scientific Conference, Moscow, March 22, 2022. Moscow: MGPPU, 2022. pp. 31-33.

3. Ageev A.I., Ivanova O.D., Loshchinin A.A. Technology of the information space of data and improvement of public administration. Economic strategies. 2023;25(6 (192)):62-67.

4. Ageev A.I., Loginov E.L., Raikov A.N. Information systems for emergency management. Economic strategies. 2019;21(2(160)):20-29.

5. Grigoriev V.V., Loginov E.L. Strategic operations: maintaining the economic basis for the stability of the political regime of the Russian Federation in the context of international sanctions. Problems of Improving the Efficiency of Scientific Work in the Military-Industrial Complex of Russia: Proceedings of the VII All-Russian Scientific and Practical Conference, Znamensk, April 11-12, 2024. Astrakhan: Astrakhan State University named after V.N. Tatishchev, 2024. pp. 204-205.

6. Grigoriev V.V., Loginov E.L., Shkuta A.A. Development of New Intelligent Information and Analytical Services Using Factor Analysis and Clustering to Identify Transactions with Signs of Participation in the Financing of Terrorism. Bulletin of the Central Economics and Mathematics Institute. 2019;2:16.

7. Loginov E.L. Using Big Data Technologies to Counter Mass Riots in Conditions of Lack of Information and Uncertainty of the Situation Development. Artificial Intelligence (Big Data) in the Service of the Police: Collection of Articles from the International Scientific and Practical Conference, Moscow, November 28, 2019. Moscow: Academy of Management of the Ministry of Internal Affairs of the Russian Federation, 2020. pp. 145-150.

8. Loginov E.L., Matveev A.G., Shkuta A.A. Determination of Parameters of Localized States of Implicit Groups with Their Own Component of Active Behavior That Does Not Coincide with the Vector of Actions of the State Supersystem. Artificial Societies. 2019;14(1):5.

9. Loginov E.L. Interception of Control over Complex Organizational Systems in the Context of Blurring Boundaries between Physical, Cognitive, and Digital Activity Spaces and Management Environments. Economy: Theory and Practice. 2024; (1(73)):3-10.

Risk management system in international supply chains under conditions of change

DOI: 10.33917/mic-3.122.2025.15-28

This article examines the methodological aspects of the formation of a risk management system in international commodity supply chains in modern socio-economic conditions. The paper considers the impact of the following risk groups in international commodity supply chains: static (simple), dynamic (speculative) risks, diversification, dissipation, hedging, risk transfer, supplier risks and risks of geopolitical instability.

The issues of risk prevention and mitigation are becoming more and more in demand in international supply chains. Russian companies are forced to take risks in order to achieve their goals, and risk management is designed to optimize the set of risks. In conditions where market economy actors risk not only their own, but also a large number of borrowed funds, the consequences become more acute. In case of failure, not only Russian companies lose, but also their economic infrastructure, in particular, counterparties. That is why Russian companies should pay great attention to the introduction of effective risk management, thanks to which it is possible to identify emerging risks and opportunities in a timely manner, as well as respond to them in a timely manner.

References: 

1. Afendikova E.Yu., Ksenzhuk A.N., Kovaleva V.I. Risk management tools in crisis management of a modern enterprise: identification and classification of risks. In the collection: Eurasian Science. Moscow, 2024. pp. 453-455.

2. Bobrova A.V. Factor analysis of the effectiveness of international commodity supply chains. In the collection: Problems of economic security and customs regulation: the search for effective solutions. South Ural State University. 2023. pp. 30-43.

3. Klimashevich S.V. Digitalization of transport corridors as a promising tool for the development of international supply chains. In the collection: Logistics – the Eurasian bridge. Krasnoyarsk, 2021. pp. 322-325.

4. Kopylova O.A., Mishkurov P.N. Designing a supply chain taking into account the risks of organizing international transportation and general logistical costs. In the collection: Polytransport systems. Novosibirsk, 2024. pp. 103-108.

5. Kostioglo V.Kh., Titovets M.I., Titovets E.I. Supply chain management in conditions of international economic instability. Economics: yesterday, today, tomorrow. 2024;14(4-1):796-805.

6. Mesharova E.Y. The impact of sanctions on international supply chains. In the collection: Innovative aspects of service and tourism development. Collection of articles of the VIII International Scientific and Practical Conference. 2020. pp. 75-79.

7. Mishchishina A.N. Directions of restructuring international supply chains as a basis for socio-economic development of Russia. In the collection: A young researcher. Lipetsk, 2024. pp. 436-439.

8. Mitko O.A. A modern view on the development and planning of supply chains: an international aspect. In the collection: Creative logistics: strategies and technologies. Rostov-on-Don, 2024. pp. 88-92.

Institutional mechanism of formation of import substitution system in Russia

DOI: 10.33917/mic-3.122.2025.29-34

At present in the Government of the Russian Federation strategic and operational directions in the field of import substitution are supervised by various «regulators» in general for the economy and industries, including the needs of the oil and gas complex. The article considers the functions of the main regulatory bodies, substantiates the creation of a single management body of import-independence of Russia, endowed with the necessary powers – the State Planning and Economic Committee for National Development.

References: 

1. Decree of the Government of the Russian Federation dated April 15, 2014 No. 328 (as amended on June 10, 2022) «On Approval of the State Program of the Russian Federation «Development of Industry and Increasing its Competitiveness». URL:  https://base.garant.ru/70643464/

2. Federal Law «On Industrial Policy in the Russian Federation» dated December 31, 2014 No. 488-FZ (latest edition). URL: consultant.ru›document/cons_doc_LAW_173119/

3. Decree of the Ministry of Economic Development of the Russian Federation dated August 11, 2016 No. 219P-AU «On Approval of Methodological Recommendations for the Preparation of Corporate Import Substitution Plans by State Corporations, State-owned Companies, Joint-Stock Companies in whose Authorized Capital the Participation of the Russian Federation exceeds 50 Percent, organizations Implementing investment projects included in the Register of Investment projects in accordance with the decision of the Government Commission on Import Substitution». URL: https://www.garant.ru/products/ipo/prime/doc/71366992/ 

4. Decree of the Government of the Russian Federation of December 23, 2024 No. 1875 «On Measures to Provide National Treatment for the Procurement of Goods, Works, and Services to Meet State and Municipal Needs, procurement of Goods, Works, and Services by Certain Types of Legal Entities» / Decree of the Government of the Russian Federation of December 23, 2024 No. 1875. URL: https://www.garant.ru/products/ipo/prime/doc/411097447/

5. Strategy for Scientific and Technological Development of the Russian Federation (approved by Decree of the President of the Russian Federation of December 1, 2016 No. 642). URL: // https://www.consultant.ru/document/cons_doc_LAW_207967/

6. Government support for import substitution: programs, subsidies, and tools to help industrial companies. The documents are from the Russian Government. URL: http://government.ru›docs/all/131814/

7.       Federal Law of July 29, 2017 No. 216-FZ (ed. December 28, 2022) «On innovative scientific and technological centers and on amendments to certain legislative acts of the Russian Federation». URL: https://www.consultant.ru/document/cons_doc_LAW_221172/

8. Decree of the Government of the Russian Federation dated December 12, 2019 No. 1649 «On Approval of the Rules for Granting Subsidies from the Federal Budget to Russian Organizations for Financial Support of the Costs of Conducting Research and Development Work on Modern Technologies as part of the Implementation of Innovative Projects by such Organizations and on Invalidation of Certain Acts of the Government of the Russian Federation» (with changes and additions). URL: https://base.garant.ru/73229392/

Comparative analysis of foreign qualitative models for forecasting crisis situations and bankruptcy probability. Part 2

DOI: 10.33917/mic-3.122.2025.35-51

The article provides a comparative analysis of foreign qualitative models of bankruptcy forecasting, in particular the models of W. Beaver and D. Duran, with the aim of assessing their applicability to Russian innovative companies. The strengths and weaknesses of the models are considered, as well as the features of their use in the context of Russian reporting under Russian accounting standards (RAS standards). The study presents the results of calculations of financial ratios for 22 Russian mobile operators and telecommunications services (hereinafter referred to as Russian innovative companies) and their comparison with the real financial situation. To assess the accuracy of predictions, the F1 measure was used, the results of which revealed a significant number of inaccuracies in bankruptcy forecasting. Based on the data obtained, the issue of adapting foreign qualitative models of bankruptcy forecasting to Russian economic realities and taking into account the industry specifics of Russian innovative companies in their research is considered.

References: 

1. Decree of the Government of the Russian Federation dated April 15, 2014 No. 328 (as amended on June 10, 2022) «On Approval of the State Program of the Russian Federation «Development of Industry and Increasing its Competitiveness». URL:  https://base.garant.ru/70643464/

2. Federal Law «On Industrial Policy in the Russian Federation» dated December 31, 2014 No. 488-FZ (latest edition). URL: consultant.ru›document/cons_doc_LAW_173119/

3. Decree of the Ministry of Economic Development of the Russian Federation dated August 11, 2016 No. 219P-AU «On Approval of Methodological Recommendations for the Preparation of Corporate Import Substitution Plans by State Corporations, State-owned Companies, Joint-Stock Companies in whose Authorized Capital the Participation of the Russian Federation exceeds 50 Percent, organizations Implementing investment projects included in the Register of Investment projects in accordance with the decision of the Government Commission on Import Substitution». URL: https://www.garant.ru/products/ipo/prime/doc/71366992/ 

4. Decree of the Government of the Russian Federation of December 23, 2024 No. 1875 «On Measures to Provide National Treatment for the Procurement of Goods, Works, and Services to Meet State and Municipal Needs, procurement of Goods, Works, and Services by Certain Types of Legal Entities» / Decree of the Government of the Russian Federation of December 23, 2024 No. 1875. URL: https://www.garant.ru/products/ipo/prime/doc/411097447/

5. Strategy for Scientific and Technological Development of the Russian Federation (approved by Decree of the President of the Russian Federation of December 1, 2016 No. 642). URL: // https://www.consultant.ru/document/cons_doc_LAW_207967/

6. Government support for import substitution: programs, subsidies, and tools to help industrial companies. The documents are from the Russian Government. URL: http://government.ru›docs/all/131814/

Domestic hotel business in the conditions of the new market reality

DOI: 10.33917/mic-3.122.2025.52-63

The article considers the impact of sanctions, geopolitical situation, withdrawal of international hotel chains on the efficiency of hotel enterprises, transformation of business processes and resource potential in the current market conditions. The hotel business was one of the first to face new market realities under the European and US sanctions policy. The most vulnerable were hotel enterprises operating in the domestic market under the brands of international hotel chains. Leaving the market international hotel operators took away their business management technologies, marketing channels of promotion and sales, which negatively affected all business processes of hotel enterprises. New market realities contributed to the restructuring of key management systems of hotel enterprises, distribution and supply systems in order to maintain the quality of services and efficiency of operation. In a short period of time the domestic hotel business was able to adapt to the new conditions: import substitution of software, transition to products of domestic suppliers, creation of domestic reservation and sales systems. There was a sharp decrease in the number of foreign guests from Europe and the USA, while the number of domestic guests and guests from China, India, UAE, Iran and other friendly countries increased, which also required transformation of service standards. Despite the positive dynamics of key performance indicators of hotel enterprises, there are still a number of problems that need to be solved in order to fully levelling the consequences of the emerged difficulties and improving the efficiency of functioning.

References: 

1. Baranova N.V., Yakimenko M.V. Transformation Processes in the Russian Hotel Business // International Academic Journal «BULLETIN OF SCIENCE». 2024;2(6(75)):61-67.

2. Belousova N.A. Development of Hotel Business under Contemporary Circumstances. Economic Sciences. 2024;8-3(95):118-120.

3. Zhelikhovskaya M. International Hotel Chains: Who Works in Russia? Tourist Business Journal [Electronic resource]. URL: https://mag.russpass.ru/business/rubric/biznes/mezhdunarodnye-gostinichnye-seti-kto-rabotaet-v-rossii

4. Official Website of the Federal State Statistics Service [Electronic resource]. URL: https://websbor.rosstat.gov.ru/online/

5. Official Website of Interfax information group. Brands Left – Hotels Remained [Electronic resource]. URL: https://www.interfax-russia.ru/realty/analytics/brendy-ushli-oteli-ostalis /

6. Official Website of RBC. Several International Hotel Brands Left St. Petersburg [Electronic resource]. URL: https://www.rbc.ru/spb_sz/16/07/2022/

7. Official Website of Forbes. «Kommersant»: The Owner of the International Hotel Chain Holiday Inn Is to Leave Russia [Electronic resource]. URL: https://www.forbes.ru/biznes/464375/

8. Official Website of Forbes. Only the Names Change: How the Departure of International Hotels Affects the Tourism Industry [Electronic resource]. URL: https://www.forbes.ru/forbeslife/473407/

Socio-economic and environmental analysis of the federal project «Building a network of modern campuses» using a model of quality management principles (QMP, ISO 9001) and L. Euler diagrams

DOI: 10.33917/mic-3.122.2025.64-76

This article provides a socio-economic and environmental analysis of the federal project «Building a network of modern campuses» using a model of quality management principles (QMP, ISO 9001) and the L. Euler diagram in modern conditions. In this work, the methodology of management analysis of the categorical triplex based on the L. Euler circle diagram is used. This diagram makes it possible to visualize the relationship between quality, ecology, and culture, highlighting their important components and their impact on each other. Also, the analysis of the federal project «Building a modern campus network» is carried out through a set of fundamental beliefs, guidelines, rules and values that are recognized as true and can serve as the basis for project quality management based on the principles of quality management model (QMP, ISO 9001).

An analysis of the federal project «Building a network of modern campuses» using L. Euler’s diagram revealed the weaknesses of the federal project, which are required to be finalized, as well as the development of instructions and uniform standards applicable to all state programs implemented on a regional basis, taking into account the regional context. It has been established that the L. Euler diagram for the management analysis of the categorical triplex is suitable for analyzing the degree of quality not only of management, but also of the implementation of federal projects.

References: 

1. Baranova N.V., Yakimenko M.V. Transformation Processes in the Russian Hotel Business // International Academic Journal «BULLETIN OF SCIENCE». 2024;2(6(75)):61-67.

2. Belousova N.A. Development of Hotel Business under Contemporary Circumstances. Economic Sciences. 2024;8-3(95):118-120.

3. Zhelikhovskaya M. International Hotel Chains: Who Works in Russia? Tourist Business Journal [Electronic resource]. URL: https://mag.russpass.ru/business/rubric/biznes/mezhdunarodnye-gostinichnye-seti-kto-rabotaet-v-rossii

4. Official Website of the Federal State Statistics Service [Electronic resource]. URL: https://websbor.rosstat.gov.ru/online/

5. Official Website of Interfax information group. Brands Left – Hotels Remained [Electronic resource]. URL: https://www.interfax-russia.ru/realty/analytics/brendy-ushli-oteli-ostalis /

6. Official Website of RBC. Several International Hotel Brands Left St. Petersburg [Electronic resource]. URL: https://www.rbc.ru/spb_sz/16/07/2022/

7. Official Website of Forbes. «Kommersant»: The Owner of the International Hotel Chain Holiday Inn Is to Leave Russia [Electronic resource]. URL: https://www.forbes.ru/biznes/464375/

8. Official Website of Forbes. Only the Names Change: How the Departure of International Hotels Affects the Tourism Industry [Electronic resource]. URL: https://www.forbes.ru/forbeslife/473407/

9. Official Website of Hospitality Online Expo. Vekons: How to Equip the Hotel Qualitatively and With Minimal Costs? [Electronic resource]. URL: https://expo.openhospitality.org/vekons2023/

Prospects for the development of corporate social responsibility in the construction business

DOI: 10.33917/mic-3.122.2025.77-85

The purpose of the article is to study the concept of corporate social responsibility in the construction sector. Conducting a comparative study using the methodology of studying specific cases of CSR-based activities in Russia and abroad allows us to establish a context for understanding how social responsibility is perceived and applied in practice in construction. The results showed that construction companies are aware of the growing importance of CSR, but there are problems limiting this process. The authors concluded that despite the differences in the approaches that organizations use in relation to the directions of social responsibility development, social orientation has become a significant factor for corporate social responsibility initiatives in Russia. The directions of development of corporate social responsibility are proposed.

References: 

1. Bodrunov S.D., Glazyev S.Yu. Regularities of the noonomy foundations formation as future social order: to know and operate: monograph. St-Petersburg: S.Y. Witte INID; Moskow: Centerkatalog, 2023. 340 p.

2. Milton FriedmanA Friedman Doctrine – The Social Responsibility of Business Is to Increase Its Profits. The New York Times. URL:   https://www.nytimes.com/1970/09/13/archives/a-friedman-doctrine-the-social-responsibility-of-business-is-to.html

3.  Arynova Z.A. , Deborah De Moortel.  Foreign and domestic practice of implementing the principles of socially responsible business. Bulletin of the Innovative University of Eurasia. 2023;89 (1):53-63.

4. Asaul A.N. Corporate social responsibility – as the new philosophy of business. Corporate Governance.  2014;4:30-37.

5. Udaltsova, N. L., Shcherbinina, P. L. Business social responsibility: implementation and impact on company management. Leadership and Management, 2024;11(1):265-280.

6. Akhilesh Ganti, Somer G. Anderson, Vikki Velasquez. Social Responsibility in Business: Meaning, Types, Examples, and Criticism.  2024. URL: https://www.investopedia.com/terms/s/socialresponsibility.asp#citation-10.

7. Dilek Ulutaş Duman, Heyecan Giritli, Peter McDermott. Corporate social responsibility in construction industry. Built Environment Project and Asset Management. 2026;6(2):218-231.

8. Nesterenko A.N. Economics and institutional theory. Moscow: Editorial URSS, 2002. 416 p.

9. Ian McKinnon. Corporate Social Responsibility in Construction, 2022.   URL:  https://www.chas.co.uk/blog/csr-in-construction/

10. Yudenko M.N., Chepachenko N.V. Problems of social infrastructure in housing construction. Proceedings of the XIII International Scientific and Technical Conference: Current Issues in Architecture and Construction. Publ.: NGASI (Sibstrin), 2020. pp. 225-231.

11. Fedoseev I.V., Yudenko M.N. Problems and prospects of development of social infrastructure in St. Petersburg. Construction complex: economics, management, investments. interuniversity collection of scientific papers. Saint Petersburg, 2020. pp. 81-87.

Study on the spatial effect of high-quality development of China’s energy industry on economic growth. Part 2

DOI: 10.33917/mic-3.122.2025.86-93

The energy system is a complex multi-dimensional and multi-criteria optimization system, and the energy development levels in different regions and at different stages of development are different. The Development and Reform Commission of China and the Energy Administration in the «Strategy for Energy Production and Revolution (2016–2030)» proposed that China’s inter-regional energy transformation should be based on security and focus on high-quality development, so as to promote the spatial effect of energy development on economic growth. This paper selects data from 30 provinces in China from 2000 to 2022, and uses Moran’s index and spatial Durbin’s error model to study the impact and spatial effect of China’s energy industry development on economic growth.

References: 

[1-12] see in No. 2 (121)/2025. pp. 109-110

13. Cao Fei. Spatial Durbin analysis of factors affecting the urbanization rate of provincial population in China. Statistics and Decision. 2017;33(20):102-105. doi:10.13546/j.cnki.tjyjc.2017.20.025

Methodical approach to the selection of areas promising for the early degassing preparation of coal deposits and the use of coalbed methane to improve the region’s economy

DOI: 10.33917/mic-3.122.2025.94-99

The methodological approach to the selection of promising areas for degassing includes both geological and economic factors. To do this, comprehensive studies should be conducted covering both the methane content in coal seams, as well as technical and economic parameters such as profitability and potential production volumes. Effective degassing not only reduces methane levels in the atmosphere, but also becomes a stage of economic development for the region, providing additional sources of income and jobs. This approach could play an important role in the transformation of the coal industry in Russia and beyond.

References: 

1. Energy Strategy of the Russian Federation through 2035: approved by the Order of the Government of the Russian Federation dated June 9, 2020 No. 1523-r. URL: https://www.garant.ru/products/ipo/prime/doc/74148810/

2. Coal Industry Development Program through 2035: approved by the Order of the Government of the Russian Federation dated June 13, 2020 No. 1582-r. URL: https://minenergo.gov.ru/upload/iblock/

3. Order of the Federal Service for Environmental, Technological and Nuclear Supervision dated December 8, 2020 No. 507 «On Approval of Federal Norms and Rules in the Field of Industrial Safety Safety Rules in Coal Mines». URL: https://base.garant.ru/75099739/

4. Order of the Federal Service for Environmental, Technological and Nuclear Supervision dated December 28, 2023 No. 498 «On approval of the Safety Guide “Recommendations for degassing of coal mines”». URL: https://www.garant.ru/products/ipo/prime/doc/408359195/

5. Kuzina E.S. Formation of the organizational and economic mechanism for degassing highly gas-bearing coal seams: dis. … Cand. Sciences: 08.00.05. Moscow, Gubkin Russian State University of Oil and Gas (National Research University), 2018. 141 p.

6. Slastunov S.V. Ensuring methane safety of mines based on deep degassing of coal seams during their preparation in intensive development / S.V. Slastunov, E.P. Yutyaev, E.V. Mazanik, A.P. Sadov, A.V. Ponizov. Coal. 2019;7:42-47.

Sustainable development of Moscow’s construction market: the role of banking instruments and risk assessment

DOI: 10.33917/mic-3.122.2025.100-109

The article examines the factors influencing the dynamics of housing construction in Moscow between 2019 and 2024, with a particular focus on the role of banking instruments in ensuring the stability of the construction industry. It explores the effects of the pandemic, changes in credit policies, and legislative innovations such as the reduction of warranty periods and the lowering of penalty sanctions. The findings suggest that economic instability and shifts in consumer preferences have a significant impact on the market structure, while financial instruments help mitigate the negative effects of crisis situations. The conclusion emphasizes the importance of an integrated approach aimed at further improving financial mechanisms and adapting legislation to support the stable development of the construction sector.

References: 

1. Housing commissioning. Federal State Statistics Service (Rosstat). URL: https://rosstat.gov.ru/analitika/vvod_zhilya (In Russ.)

2. Monitoring of housing construction volumes. Ministry of Construction and Housing and Communal Services of the Russian Federation. Housing policy. URL: https://minstroyrf.gov.ru/trades/zhilishnaya-politika/8/  (In Russ.)

3. Housing construction in the Russian Federation in 2023 increased by 7.5%, to 110.4 million sq. m. – Rosstat. Interfax. January 26, 2024. URL: https://www.interfax-russia.ru/realty/news/zhilishchnoe-stroitelstvo-v-rf-v-2023-g-vyroslo-na-7-5-do-110-4-mln-kv-m-rosstat (In Russ.)

4. Moscow residential real estate market overview based on the results of May 2024. Moscow Analytical Center. URL: https://ac-mos.ru/download/estate/2024_07_01/ (In Russ.)

5. Financing of shared-equity construction. Bank of Russia. URL: https://www.cbr.ru/banking_sector/equity_const_financing/ (In Russ.)

6. Borisyako М., Valershteyn A.V. ESG-transformation of companies in the investment and construction industry. In: XXXVI International Plekhanov Readings. Collection of articles by the conference participants. In 4 volumes. Moscow, April 25–27, 2023. Moscow: Plekhanov Russian University of Economics, 2023. pp. 22–26. EDN: https://elibrary.ru/eskota (In Russ.)

7. Abbasov E.U. Elements of ESG transformation in the investment system in the construction industry. In: Sustainable development (ESG): finance, economics, industry. Proceedings of the IV National scientific and practical conference with international participation, St. Petersburg, October 19-20, 2023. St. Petersburg: Center for Scientific and Production Technologies «Asterion», 2023. pp. 186–190. EDN: https://elibrary.ru/filxzm (In Russ.)

8. Lomoro A., Mossa G., Pellegrino R., Ranieri L. Optimizing Risk Allocation in Public-Private Partnership Projects by Project Finance Contracts. The Case of Put-or-Pay Contract for Stranded Posidonia Disposal in the Municipality of Bari. Sustainability. 2020; 12(3):806. https://doi.org/10.3390/su12030806 (In Eng.)

9. The districts of Moscow where new buildings have fallen in price by 10-15% in a month are named. RBC Real Estate. November 5, 2024. URL: https://realty.rbc.ru/news/672562309a7947b8d6190932?from=copy (In Russ.)