Analysis of current trends in the development of the financial market in Russia

Abstract

At the present stage, the Russian economy and the financial market have faced various challenges as a result of sanctions pressure, which has had a significant impact on their functioning. Given that the current circumstances are extraordinary and will have long-term structural implications, action needs to be taken to adapt and revise approaches, priorities and plans. It is important to keep only those that remain relevant and significant in the new conditions. In light of these changes, it is important to develop systemic solutions, the right strategy and take effective measures for the future development of the financial market and the economy of our country, which will help them become more sustainable and competitive. The deterioration of the economic situation in the financial market entailed the risk of a decrease in the level of profitability of financial instruments, as well as a loss of public confidence in investing free cash in securities. To maintain sustainable economic growth in our country, it is necessary to find an innovative solution to increase the activity of using financial resources through the mechanism of the financial market. The article discusses the theoretical and practical aspects of the functioning of the financial market, analyzes the dynamics of the level of profitability of various financial instruments and the degree of development of the financial market segments, and argues its place and role in the accumulation of investments to ensure high economic growth in the Russian Federation; the problems and factors hindering the development of the financial market and the directions for its improvement, taking into account national specifics, are identified.