Novikov M.V., Zemlyanskaya S.V. DEVELOPMENT PROSPECTS OF THE FOREIGN TRADE COERCION SYSTEM IN THE RUSSIAN FEDERATION
DOI: https://doi.org/10.15688/ek.jvolsu.2021.2.12
Maxim V. Novikov
Candidate of Sciences (Economics), Associate Professor, Department of Economy and Finance, Volgograd Institute of Management, Branch of RANEPA, Gagarina St, 8, 400066, Volgograd, Russian Federation,
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, https://orcid.org/0000-0001-7109-9675
Stella V. Zemlyanskaya
Candidate of Sciences (Economics), Associate Professor, Volgograd State University, Chair of the Economic Theory, Regional and World Economics, Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0002-9253-3482
Abstract. The article examines the problems and directions of improving the foreign trade coercion system in the Russian Federation. Current realities of the international economic relations development are characterized by the active use of foreign trade coercion measures. In the conditions of international economic integration they serve as one of the most effective means of influence, in connection with which we can state the steady spread of tools of foreign trade coercion, which, along with wide attention of international organizations and the public to this problem, determines the relevance of the study. The improvement of the current foreign trade coercion system should be carried out through the active participation of the Russian Federation in the activities of the UN and, in particular, in promotion of two main directions. The first one is designed to solve the problem of collateral damage by creating a unified list of products for which bans may be imposed, and mechanisms for monitoring their use, which, as a result, make it possible to humanize the use of foreign trade coercive measures. The second direction is designed to address the illegal misuse of restrictive measures. This can be done by developing a system for assessing the legitimacy of their use by third countries, as well as by unifying the implementation of UN sanctions regimes, including the adoption of norms on the responsibilities for their violation. The implementation of the presented directions will increase the efficiency of the foreign trade enforcement measures system, and provide an opportunity to defend the legitimate rights and interests of Russian entities, which, given the current trends in the development of international economic relations, will strengthen the position of the Russian Federation on the global stage.
Key words: foreign trade coercion, international economic sanctions, decentralized coercive measures,restrictive tools, retorsion, reprisal.
DEVELOPMENT PROSPECTS OF THE FOREIGN TRADE COERCION SYSTEM IN THE RUSSIAN FEDERATION by Novikov M.V., Zemlyanskaya S.V. is licensed under a Creative Commons Attribution 4.0 International License.
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