Krasova E.V., Grivanov R.I. TRENDS IN DEVELOPMENT OF RUSSIAN NATIONAL PAYMENT SYSTEM UNDER GROWING FOREIGN POLITICAL PRESSURE
DOI: https://doi.org/10.15688/ek.jvolsu.2022.4.10
Elena V. Krasova
Candidate of Sciences (Economics), Associate Professor, Department of Economics and Management, Department of International Relations and Law, Vladivostok State University, Gogolya St, 41, 690014 Vladivostok, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0001-7847-0385
Roman I. Grivanov
Candidate of Sciences (Politics), Head of the Department of International Relations and Law, Vladivostok State University, Gogolya St, 41, 690014 Vladivostok, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0002-2284-7398
Abstract. The article deals with Russian national payment system (NPS) development and considers it through the factor of growing geopolitical pressure. The main scientific and practical problem of the article is increasing risk of political, financial, economic and social damage for Russia as a result of Western countries’ sanctions. The purpose of the research is to identify key trends in Russian NPS development under intensified foreign political pressure. The methodological and conceptual basis of the article includes theories of sustainable socio-economic development, financial markets and public finances, the National Security Strategy of Russia, the Strategy for the National Payment System Development for 2021–2023. The article notes significant achievements in the Russian NPS development in recent years. The authors highlight key trends in the NPS development, namely: increasing in number and volume of non-cash payments inside the country, expanding use of bank cards as a payment instrument, developing tools of bank card service, restructuring operations on bank cards, developing independent national payment instruments (Financial messaging system and “Mir” payment system). The main risks and threats for the NPS associated with negative for Russia foreign policy factors are also outlined.
Key words: Russian national payment system, non-cash payments, payment instruments, bank cards, “Mir” payment system, sanctions, foreign political pressure
TRENDS IN DEVELOPMENT OF RUSSIAN NATIONAL PAYMENT SYSTEM UNDER GROWING FOREIGN POLITICAL PRESSURE by Krasova E.V., Grivanov R.I. is licensed under a Creative Commons Attribution 4.0 International License.
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