Sovereignization as a mechanism of effective economic security of Russia in the context of increasing geopolitical and geo-economic turbulence
Authors: Shlychkov V. V. , Bataykin P. А. , Nestulaeva D. R. 
Published: September 2024

Aim. To consider the impact of the current policy of sovereignty of the socio-economic system on the processes of ensuring Russia’s economic security in the conditions of increasing sanctions pressure of the collective West and increasing geopolitical and geo-economic turbulence provoked by the transformation of the unipolar world order.

   Objectives. To describe the mechanism of influence of Western sanctions on the state of economic security of the Russian Federation (RF); to analyze the state of the national economy in modern conditions and to propose a system of measures to buy the negative external impact, to ensure an acceptable level of economic security, guaranteeing the process of further economic growth in the long term; to propose directions of transformation of economic policy in order to increase the sustainability of the national economic system and qualitativec

   Methods. We used general scientific methods of research (synthesis, generalization, content analysis, graphical interpretation of data, etc.), as well as methods of strategic, situational, correlation and regression analysis, expert assessments, calculation and analytical methods.

   Results. The transition to a multipolar world order, which began in the last decade, provoked an unprecedented surge of geopolitical and geo-economic turbulence caused by the rethinking of their own national interests by a significant number of dynamically developing countries that are not part of the privileged caste of the “golden billion”. In response to the emerging threats of losing its dominance in the world, the collective West began to widely implement a policy of containment of the leaders of this movement, identifying Russia’s socio-economic system as a primary aim. It imposed unprecedented economic sanctions on our country, forcing it to launch a special military operation (SMO) in 2022, the costs of which were to stop the economic growth observed in recent years. The economic war declared by the anti-Russian coalition was designed to destabilize the socio-economic situation in the country and cause a change of political regime. However, the economic system of the Russian Federation was able to demonstrate high adaptive capacity and high stability, which is ensured by the effective and adequate to the realities anti-sanctions policy, which includes systematic and purposeful activities of economic entities to ensure the level of economic security of Russia, guaranteeing the progressive and expanded development of the country’s economy in the long term.

   Conclusions. The problem of Russia’s economic security in the conditions of increasing negative external impact only increases the urgency and requires increased attention from representatives of expert and scientific communities, since the subjects called to carry out the process of ensuring economic security of the country have an urgent need for scientific and methodological support of their activities and the development of recommendations for the effective solution of the tasks set before them to create conditions for further economic growth. Achievement of target indicators of security of the Russian economy is in correlation with the stability and reliability of the national economic system, the degree of activity of its economic agents and the adequacy of modern realities of the socio-economic policy pursued by the state leadership, comprehensive sovereignty of which is defined for the long term as a key vector of development of all spheres of social life of the country and a prerequisite for maintaining independence and international subjectness.