Nikulina O.V., Boyko L.I.THE WAYS OF COUNTRY RISKS REDUCTION IN THE DIAMOND-MINING HOLDING COMPANY FOR THE PURPOSE OF PROVIDING FINANCIAL STABILITY IN THE CONDITIONS OF SANCTION RESTRICTIONS

DOI: https://doi.org/10.15688/jvolsu3.2018.3.9

Olga V. Nikulina

Doctor of Sciences (Economics), Associate Professor, Professor of Department of World Economy and Management, Kuban State University, Stavropolskaya St., 149, 350040 Krasnodar, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. .

Lyubov I. Boyko

Master Student, Department of World Economy and Management, Kuban State University, Stavropolskaya St., 149, 350040 Krasnodar, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. .


Abstract. In modern conditions, the processes of integration and globalization cover all spheres of socio-economic activity of economic entities. The economies of individual countries together constitute a single mechanism, the effectiveness of which depends directly on the work of the components, as well as the interaction between them. The tension of geopolitical relations has a negative impact on the economic sphere, breaking business relations between countries as strategic business partners. In this regard, consideration of directions for reducing country risks is up-to-date and relevant. The purpose of the study is to identify the main directions for reducing country risks arising in the process of foreign economic activities of Russia’s largest diamond-mining holding company based on analysis and identification of the most risky economic relations. Within the framework of the research, methods of system analysis and comparison have been used to identify potentially risky economic relationships (with countries that imposed a number of sanctions on Russia). The authors substantiate the need to optimize the structure of the balance sheet to ensure financial stability under the geopolitical crisis conditions. Recommendations for restructuring the financial position of the diamondmining holding company have been developed, and a system of operational management has been worked out in accordance with the industry specifics. The authors conclude that the implementation of foreign economic activity in the realities of the modern economic system entails a number of risks, the analysis and management of which should be carried out by business entities continuously.

Key words: financial stability, economic crisis, sanctions, integrated system of diamond-mining holding company management.

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FEATURES OF FINANCIAL RESERVES FORMATION IN BANKING AND NON-BANKING CREDIT ORGANIZATIONS by Nikulina O.V., Boyko L.I. is licensed under a Creative Commons Attribution 4.0 International License.

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