The Analysis of the Financial Security of Russia: Current Trends, Challenges, Threats

Abstract

Financial security is one of the main factors of competitive and sustainable development of any country in the world. In addition, financial security is an integral part of national security of any state and, from the practical point of view, it represents a special condition of the national financial system described by the system of special criteria. Current confrontation on the global stage sets the particularly acute task of improving national financial security and the security of the entire economy in the face of modern threats manifesting in sanctions. In order to understand which sectors of the economy are the most vulnerable, it is necessary to compute special indicators that can characterize the state of the national financial security. The system of criteria for assessing the national financial security developed within the framework of the methodology proposed by Russian scientists- economists V.K. Senchagov, G.N. Maltsev, I.G. Maltseva is the most complete and widely used in Russia and includes the in-depth system of 40 indicators grouped into 5 systemic blocks. This system of indicators served as a methodological basis of the authors’ calculations in the article. In addition, this study analyzed the main problems of the Russian economy identified after the calculations, as well as compared them with those identified in the official forecasts and development strategies.