Contents of N2/2021

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Contents of № 2' 2021

CORPORATE  FINANCE

Characteristics of investment valuation of public companies in emerging capital markets
Anokhina A.O., Master student of the Department «Financial management» Plekhanov Russian University of Economics, Moscow, e-mail: nastya27an@gmail.com
Ivanova Ya.Ya., PhD in Economics, Associate professor, Associate professor of the Department «Financial management» Plekhanov Russian University of Economics, Moscow, e-mail: yanay07@rambler.ru
SPIN-код: 3280-8123; Author ID: 781482; ORCID: 0000-0002-8849-0870;
Scopus ID: 6504734248; Researcher ID AAA-9747-2021
Sizova D.A., PhD in Economics, Associate professor, Associate professor of the Department of Economic Analysis and Corporate Governance of Production and Export of High-Tech Products of the State Corporation «RusTech» Plekhanov Russian University of Economics, Moscow, e-mail: Darina3@yandex.ru
SPIN-код: 4228-2615; Author ID: 435165; ORCID: 0000-0001-7729-7234;
Scopus ID: 57211274622
Sizova T.V., PhD in Economics, Associate professor, Associate professor of the Department «Financial management» Plekhanov Russian University of Economics, Moscow, e-mail: Stv-60@mail.ru
SPIN-код: 2681-1090; Author ID: 711222; ORCID: 0000-0001-5081-1440;
Scopus ID: 57211274622

Annotation.  The article is devoted to the specifics of valuation of companies that belong to emerging markets through the analysis of significant drivers and value constraints and their interpretation through modern methods and approaches to assessing the value of companies. The key differences between the emerging capital markets and the developed ones are revealed so as the methods of their implementation within the framework of modern approaches to valuation are determined. The specifics of the investment valuation were considered on the example of PJSC «MMC Norilsk Nickel» as a company in the developing capital market, taking into account the identified features and patterns of functioning of the non-ferrous metallurgy market. The recommendations to potential investors regarding investment in this company were based on the results of the valuation.
Keywords: value, investment valuation, emerging market, value drivers, risk.

References
1. Kozlova A.S., Taraskin D.S. Teoreticheskie aspekty stoimosti publichnyh kompanij: ponjatie, celi i metody ocenki // Nauka i obshhestvo. – 2018. – № 3 (32). – S. 51–56.
2. Mirovoj indeks MSCI [Elektronnyj resurs]. URL: msci.com/World (data obrashcheniya: 02.11.2020).
3. Buga A.V., Kudrjashov V.S., Ivanova E.A. Opredelenie stoimosti ob#ekta ocenki: sravnitel’nyj podhod // Jekonomika i upravlenie narodnym hozjajstvom (g. Sankt-Peterburg). – 2019. – № 8 (10). – S. 79–91.
4. Kouplend T., Koller T., Murrin Dzh. Stoimost’ kompanij: ocenka i upravlenie: per. s angl. – M.: ZAO «Olimp-Biznes», 2016–419 s.
5. Limitovskij M.A. Investicionnye proekty i real’nye opciony na razvivajushhihsja rynkah: ucheb. posobie dlja bakalavriata i magistratury / M.A. Limitovskij. – 5-e izd., pererab. i dop. – M.: Izd-vo «Jurajt», 2017. – 486 s.
6. Oficial’nyj sajt kompanii PAO «GMK «Noril’skij nikel’» [Elektronnyj resurs]. URL: nornickel.ru/(data obrashcheniya: 02.10.2020).
7. IHS MARKIT Comparative World Overview [Elektronnyj resurs]. URL: ihsmarkit.com/expertise/index.html (data obrashcheniya: 02.10.2020).
8. Trusova N.E. Razrabotka modeli analiza finansovyh faktorov sozdanija stoimosti kompanii // Nauchnye zapiski molodyh issledovatelej. Finansovyj universitet pri Pravitel’stve RF (g. Moskva). – 2014. – № 3. – S. 47–50.

Improving the methods of analysis and valuation  of the organization’s brand
Plaskova N.S., doctor of economic science, professor, Вasic chair of Financial Control, Analysis and Audit of the Main Control Department of Moscow, Plekhanov Russian University of Economics, е-mail: plaskova@rambler.ru
SPIN-код: 7485-1384; ORCID: 0000-0002-5520-1016; Researcher ID: AAE-1694-2021;
Scopus ID: 57203824133; РИНЦ Author ID: 501809

Annotation. The article deals with topical issues of improving information-analytical and methodological approaches to the formation of a reliable assessment of the brand value of the organization, taking into account the peculiarities of the regulatory provisions of accounting for intangible assets according to Russian and international financial reporting standards, as well as Russian and international valuation standards. The impact of brand value on strengthening the market and financial position of the company, as well as on the capitalization of the value of the business as a whole, is considered. Methodological issues concerning the use of evaluation standards in the accounting and analytical practice of organizations are revealed.
The methodological provisions proposed in the article are aimed at enriching accounting and analytical practice in the context of convergence of international and Russian financial reporting standards. The possibilities of using international standards for evaluating the company’s brand to increase the reliability of their valuation in the disclosed financial information for a wide range of users, as well as the impact of the brand on the investment attractiveness and value of the business as a whole are shown.
Keywords: brand, accounting for intangible assets, analysis, methods of brand evaluation, standards for the evaluation of intangible assets.

References
1. Prikaz Minfina Rossii ot 27.12.2007 № 153n «Ob utverzhdenii Polozheniia po bukhgalterskomu uchetu «Uchet nematerialnykh aktivov» (PBU 14/2007) [Elektronnyj resurs]. URL: minfin.gov.ru/ru/perfomance/accounting/accounting/legislation/positions/?id_39=114735-polozheniya_po_ bukhgalterskomu_uchetu_uchet_nematerialnykh_aktivov_pbu_142007 (data obrashcheniia: 03.02.2021).
2. KazantsevK.Iu. Brend kak sostavnaia chast intellektualnogo kapitala kompanii: otsenka i upravlenie stoimostiu: monografiia / K.Iu. Kazantsev, M.A. Iagolnitser; pod red. d. e.n. A.V. Alekseeva. – Novosibirsk: IEOPP SO RAN, 2018. – 108 s.
3. Mezhdunarodnyi standart finansovoi otchetnosti (IAS) 38 «Nematerialnye aktivy» [Elektronnyj resurs]. URL: minfin.gov.ru/ru/document/index.php?id_4=117344 (data obrashcheniia: 03.02.2021).
4. Polozhenie o standartakh finansovogo (bukhgalterskogo) ucheta (Statement of Financial Accounting Standards, SFAS) № 141 «Obieedinenie kompanii» [Elektronnyj resurs]. URL: cpaclass.com/gaap/sfas/gaap-sfas-141.htm (data obrashcheniia: 03.02.2021).
5. Polozhenie o standartakh finansovogo (bukhgalterskogo) ucheta (Statement of Financial Accounting Standards, SFAS) № 142 «Gudvill i drugie nematerialnye aktivy» [Elektronnyj resurs]. URL: cpaclass.com/gaap/sfas/gaap-sfas-142.htm (data obrashcheniia: 03.02.2021).
6. Mezhdunarodnyi standart otsenki stoimosti ISO 10668 «Otsenka brenda. Trebovaniia k stoimostnoi otsenke brendov (Brand valuation. Requirements for monetary brand valuation) [Elektronnyi resurs]. URL: ru.qaz.wiki/wiki/ISO_10668 (data obrashcheniia: 03.02.2021).
7. Smit А., Gordon V. Otsenka tovarnykh znakov / А. Smit,V. Gordon; pod obshch. red. A.N. Kozyreva, V.M. Rutgaizera; per. s angl. – M.: ID «Kvinto-Konsalting», 2010. – 382 s.
8. Kouplend T. Stoimost kompanii: otsenka i upravlenie / T. Kouplend, T. Koller, D. Murrin; per. s angl.; pod red. N.N. Baryshnikova. – 3-e izd., pererab. i dop. – M.: Olimp-Biznes, 2008. – 576 s.
9. Prakhalad K.K. Prostranstvo biznes-innovatsii. Sozdanie tsennosti sovmestno s potrebitelem: monografiia / K.K. Prakhalad, M.S. Krishnan; рer. s angl. – M.: Alpina Pablisherz : Izd-vo «Iurait», 2011. – 258 s.

The structure and function of financial ethics in markets  and organizations
Morozov V.A., Doctor of Economics, Professor, Professor, Department of Philosophy and Methodology of Economics Faculty of Economics, Moscow State University named after M.V. Lomonosov, e-mail: mva55.00@mail.ru
SPIN-код: 6037-1609; ORCID: 0000-0001-8089-1015

Annotation. The article examines ethical approaches in the work of the financial system, financial market, financial organization, as well as issues of individual financial ethics and international financial ethics. The forms of financial ethics are studied, the structure of financial ethics and its functions are considered. The role of financial ethics is determined not only in improving the efficiency of the functioning of financial systems, markets and entities, but also in protecting the environment, increasing employment, reducing the gap between rich and poor, and the overall progress of human development.
Keywords: ethics, methods, forms, structure, functions, markets, organizations.

References
1. Merfi Dzhon. Mezhrynochnyj analiz. Principy vzaimodejstviya finansovyh rynkov. – M.: Al’pina Pablisher, 2012. – 304 c.
2. Boatright J.R. Ethics in finance (3rd ed.). – Malden, MA: Wiley-Blackwell, 2014.
3. Hendry J. Ethics and finance: An introduction. – Cambridge, England: Cambridge University Press, 2013.
4. Morton J.S. The interdependence of economic and personal finance education // Social Education. – 2005. – 69 (2). – Pp. 66–70.
5. Shefrin H. & Statman M. Ethics, fairness and efficiency in financial markets. – 1993.
6. Kozlovski Peter.  Etika bankov. – M.: OOO «KnoRus», 2014. – 402 s.
7. Shefer Bodo. Put’ k finansovoj svobode. – M.: OOO «Popurri», 2006. –301 s.

Analysis of the efficiency of using the production resources of the enterprise
Baidybekova S.K., Candidate of Economic Sciences, Associate Professor, Zhetysu State University named after I. Zhansugurov, Taldykorgan, Republic of Kazakhstan, e-mail: b-saltanat@mail.ru
SPIN-код: 1611-4472; AuthorID: 1009523; ORCID: orcid.org/0000-0002-7974-1236

Annotation. The article reflects the main problems and ways to improve the efficiency of using the production resources of the enterprise. In the course of the research, the analysis of the efficiency of the use of production resources was carried out: capital productivity, capital intensity, capital-labor ratio, material efficiency, material consumption on the example of an enterprise in recent years.
The provisions and conclusions obtained during the research can serve as a basis for identifying problems and ways to improve accounting and analysis of the efficiency of the use of production resources at enterprises.
The results of the research formulated in the work can be used in the further scientific development of issues related to the use of the production resources of the enterprise, when conducting research in the field of accounting and analysis at enterprises.
Keywords: production capital, material efficiency, material consumption, capita productivity, capital-labor ratio.

References
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Forecasting optimal financial stability of agricultural enterprise
Vardiashvili N.N., Candidate of Economic Sciences, Associate Professor, Professor of Information Systems Department, A. Baitursynov Kostanay Regional University, Kostanay, Kazakhstan, e-mail: vardic@mail.ru
Scopus Author ID: 56584410300; SPIN-код: 2260-0647; Author ID: 1099606

Annotation. The competitiveness of any agricultural enterprise depends on its financial stability. The use of mathematical, statistical methods and models in determining the financial stability of agricultural enterprises increases the quality of its planning and forecasting and leads to rational management decisions. This article proposes an integrated approach to forecasting the optimal financial stability of an agricultural enterprise, which combines regression and optimization models.
The combination of correlation, regression and optimization makes it possible to predict the optimal quantitative values of the coefficients of financial stability, the factors determining them and generally the financial stability of an agricultural enterprise according to the integrated coefficient of financial stability. This approach was brought to the stage of actual operation and can be used to predict the optimal financial stability of small and medium-sized agricultural enterprises.
Keywords: financial stability of agricultural enterprise, correlation – regression analysis, optimization modeling, integrated coefficient of financial stability.

References
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researchgate.net/publication/319006533_FINANCIAL_RATIOS_AS_ INDICATORS_ OF_ECONOMIC_SUSTAINABILITY_SYNERGIES_AND_TRADE-OFFS_FOR_SWISS_DAIRY_FARMS (data obrashcheniya: 14.01.2021).
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Regional features of the dynamics of industrial production in the research of financial security of textile enterprises in uzbekistan
Tursunov B.O., Ph.D, Chief of «Economic security» Department, Tashkent State University of Economics, I. Karimov Street 49, 100003, Tashkent, Republic of Uzbekistan, e-mail: tursunov-bobir@mail.ru
SPIN-code: 5913-1935; ORCID: 0000-0002-5004-375x;
Researcher ID: O-1744-2017; Scopus ID: 57210803189

Annotation. The financial stability of a textile industry enterprise in a particular region is determined both by the results of the production and economic activities of the enterprise itself and by factors external to this enterprise, including the level of economic development of the region, the potential of industrial production on its territory, cyclical fluctuations in the economic environment and other macroeconomic factors.
The article presents a theoretical justification, a set of algorithms, as well as the results of calculations based on data from the State Statistics Committee of the Republic of Uzbekistan, which made it possible to systematize regions according to the characteristics of growth and cyclicality of industrial production for the period 2010–2019. The typologization of the regions of the Republic of Uzbekistan is relevant for a comparative assessment of changes in the financial stability of textile enterprises under the influence of the crisis caused by the coronavirus pandemic, as well as in the post-crisis period.
Keywords: financial security, typology of regions, textile industry, mesofactors, financial stability, factors.

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CONTROL BY THE FINANCE OF BANKS AND INSURANCE COMPANIES

Trends in russian online banking and the impact of the pandemic on its development
Kazakova N.A., Doctor of Economics, Professor, professor of the basic department of financial and economic security, Plekhanov Russian University of Economics, е-mail: kazakova.na@rea.ru
SPIN-код: 6141-0203; ORCID: 0000-0003-1499-3448; Researcher ID: E-3906-2014;
Scopus: 57190564758
Bolvachev A.I., Doctor of Economics, Professor, Director of the ONC «Finance», Plekhanov Russian University of Economics, е-mail: abol55@mail.ru
SPIN-код: 1080-9379; Scopus: 57190292899
Vernigora S.V., Master’s students of the program «Business Analytics in Economics and Management», Plekhanov Russian University of Economics, е-mail: vernigora_stas@inbox.ru
Vorobieva A.A., Master’s students of the program «Business Analytics in Economics and Management», Plekhanov Russian University of Economics, е-mail: nastiles.27@gmail.com

Annotaion. The article presents the results of a study of trends in online banking in the Russian Federation. A comparative analysis of the portfolio of online services of the largest banks has been carried out, which makes it possible to assess the degree of development of the digital banking system in the country. Based on the analysis, the advantages and disadvantages of online banking services, the importance of developing cybersecurity programs, as well as the role of online banking in the control of shadow economic activity and state monitoring of financial transactions in the field of anti-money laundering and terrorist financing have been identified.
Keywords:  online banking, internet banking, pandemic, online account management, online investments, online loans, online insurance, cybersecurity.

References
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3. Sajt AO «Redaktsiya gazety «Izvestiya» [Elektronnyj resurs]. URL: iz.ru/1079074/2020–10–27/tinkoff-stal-bankom-liderom-po-chislu-podkliuchennykh-k-sbp-magazinov
4. Kazakova N.A., Bolvachev A.I., Shemetkova O.L., Luk’yanov A.V. Sovershenstvovanie metodov upravleniya riskami v sisteme finansovoy bezopasnosti kommercheskikh bankov // Finansovyj menedzhment. – 2018. – № 3. – S. 88–100.
5. Kazakova N.A. Vliyanie tsifrovoy ekonomiki na obrazovanie i professional’noe razvitie spetsialistov inansovogo rynka // Natsional’nye interesy: prioritety i bezopasnost’. – 2019. – T. 15. – № 8 (377). – S. 1394–1405.
6. Sajt OOO «Informatsionnoe аgentstvo «Banki.RU» [Elektronnyj resurs]. URL: banki.ru/banks/ratings/?SEARCH_NAME=&SEARCH_REGN=&search%5Btype%5D=name&
sort_param=rating&sort_order=ASC&PROPERTY_ID=10&REGION_ID=0&date1=2020-10-01&date2=2019-10-01&IS_SHOW_GROUP=0&IS_SHOW_LIABILITIES=0#search_label
7. Sajt PAO «Sberbank» [Elektronnyj resurs]. URL: sberbank.ru/ru/person#8. Sajt PAO «Bank VTB» [Elektronnyj resurs]. URL: vtb.ru/
9. Sajt AO «Bank GPB» [Elektronnyj resurs]. URL: gazprombank.ru/
10. Sajt ZAO «Redaktsiia gazety «Vedomosti» [Elektronnyi resurs]. URL: vedomosti.ru/finance/articles/2018/02/16/751296-s-plastikovih-kart-ukrali-milliard
11. Kazakova N.A., Nikitina A.N. Otsenka i upravlenie bankovskimi operatsionnymi riskami v usloviiakh integratsii standartov kapitala // Finansovyj menedzhment. – 2016. – № 1. – S. 115–123.
12. Kazakova N.A. Problemy obespecheniia ekonomicheskoi bezopasnosti deiatelnosti khoziaist-vuiushchikh subieektov v usloviiakh vysokoriskovoi rynochnoi ekonomiki // Fundamentalnye issledo-vaniia. – 2016. – № 12–3. – S. 634–639.
13. Filin S.A. Strategicheskie tekhnologicheskie platformy kak osnova tekhnologicheskoi bezopasnosti Rossii v budushchem // Natsionalnye interesy: prioritety i bezopasnost. – 2019. – T. 15. – № 1. – S. 18–34.

 

BOOKKEEPING AND REPORTING

Internal monitoring of material costs for the production of an industrial enterprise
Mizikovsky I.E., Doctor of Economics, professor, head of «Accounting» of National research Nizhny Novgorod State University NI Lobachevsky, academician of the RAEN, e-mail: core090913@gmail.com
ORCID: 0000-0002-5094-5008; Scopus ID: 57215022345; Researcher ID: AAL-9673-2020;
SPIN-код: 6345–3669; Author ID: 383262

Annotation.  The article deals with the problem of improving the efficiency of the control and accounting function of resource management, the object of which is the material costs of production. The possibilities of using internal monitoring, carried out in real time throughout the entire operational cycle, adapted to the conditions of instability of the economic environment and the noticeable influence of crisis factors as a methodological basis for solving this problem are investigated. Based on the considered theoretical and methodological approaches and the results of the study, a scheme for using the tools of the «Standard costing» system as the basis for its implementation is proposed. It is proved that the introduction of the proposed management technologies will significantly improve the quality of production management, create information conditions for making optimal decisions to reduce the cost of production and increase the profitability of the business of economic entities in the real sector of the economy.
Keywords: monitoring, material costs, production, cost rate, calculation, production cost, business profitability, control and accounting function.

References
1. Bekhtereva E.V. Sebestoimost: ratsionalnyi i effektivnyi uchet raskhodov. – 5-e izd., pererab. – M.: Izd-vo «Omega-L», 2011. – 148 s. (Ser. «Prakticheskaia bukhgalteriia»).
2. Druri K. Uchet zatrat metodom «standart-kost» [Tekst] / K. Druri; per. s angl. pod red. N.D. Eriashvili. – M.: Audit: IuNITI, 1998. – 224 s. 
3. Voronova E.Iu. Vzaimosviaz upravlencheskogo i finansovogo ucheta // Auditorskie vedomosti. – 2008. – № 11. – S. 80–88.
4. Beloborodova V.A. Kalkuliatsiia sebestoimosti produktsii v promyshlennosti: Ucheb. posobie dlia vuzov po spets. «Bukh. uchet, kontrol i analiz khoz. deiatelnosti» / V.A. Beloborodova; pod red. V.A. Beloborodova i dr. – 2-e izd., pererab. i dop. – M.: Finansy i statitika, 1989. – 279 s.
5. GOST 14.322 – 83 «Normirovanie raskhoda materialov» [Elektronnyj resurs]. URL: docs.cntd.ru/document/1200012273 (data obrashcheniia: 23.01.2021).
6. Kerimov V.E. Sovremennye sistemy i metody ucheta i analiza zatrat v kommercheskikh organizatsiiakh: Ucheb. pos. – M.: Eksmo, 2005–144 s.
7. Kolesnikova E.N. Sistema «standart-kost» i normativnyi kontrol zatrat v selskokhoziaistvennykh proizvodstvennykh kooperativakh // Fundamentalnye i prikladnye issledovaniia kooperativnogo sektora ekonomiki. – 2011. – № 4 – S. 38–44.
8. Demenkova T.Iu. Genezis metodov standard-costing, target-costing i just-in-time kak osnova sovershenstvovaniia sistemy upravleniia zatratami // Molodoj uchenyj. – 2017. – № 23. – S. 43–45. [Elektronnyj resurs]. URL: moluch.ru/archive/157/44272/(data obrashcheniia: 23.12.2019).
9. Mizikovskii E.A., Bulycheva T.V. Normativnyi metod kak element kontrolia za normativnymi zatratami // Auditorskie vedomosti. – 2008. – № 12. – S.3–12.
10. Kushnareva I.V. Osobennosti sistem ucheta i upravleniia zatratami standard-costs i direct-costing // Sovremennye tendentsii v ekonomike i upravlenii: novyi vzgliad. – 2010. – № 1–2. – S. 146–150.
11. Vitkalova A.P. «Ctandart-kost» – sistema operativnogo upravleniia izderzhkami proizvodstva // Vestnik Sarat. gos. tekhn. un-ta imeni Iu.A. Gagarina. – 2007. – № 1 (28). – S. 178–185.
12. Levin V.S. Normativnyi uchet sebestoimosti produktsii zagotovitelnykh tsekhov / V.S. Levin. – M.: Finansy i statistika, 1991. – 173 s.
13. MSFO (IAS) 1, p. 68 «Predstavlenie finansovoi otchetnosti» [Elektronnyj resurs]. URL: minfin.ru/common/upload/library/no_date/2012/IAS_01.pdf (data obrashcheniia: 29.01.2021).
14. Repin V.V., Eliferov V.G. Protsessnyi podkhod k upravleniiu. Modelirovanie biznes-protsessov. – M.: RIA «Standarty i kachestvo», 2008. – 408 s.

 

FINANCIAL MARKET

Classification and regulation of the digital financial assets market: international and domestic experience
Koshelev K.А., postgraduate student Plekhanov Russian University of Economics, e-mail: koshelevka@list.ru
SPIN-код: 5098-7579; Author ID: 1059765

Annotation. The article discusses methodological approaches to the classification of digital financial assets, identifies the main strategies for legal regulation of the digital financial assets market based on generalization of domestic and international experience, and formulates recommendations for the development of the digital financial assets market in Russia.
Keywords: digital financial assets, digital currency, cryptocurrency, cryptoassets, blockchain, tokens, digital rights, securities, digital financial asset classification, digital financial asset market regulations.

References
1. Uchet kriptoaktivov v sisteme nacional’nyh schetov – promezhutochnoe rukovodstvo // OECD. – 2020. – 27 s. [Elektronnyj resurs]. URL: unece.org/fileadmin/DAM/stats/documents/ece/ces/ge.20/2020/mtg1/3.3_Working_paper_on_recording_of_crypto_assets_-_June_2020__RU_pdf (data obrashcheniya: 11.02.2021).
2. Treatment of Crypto Assets in Macroeconomic Statistics//International Monetary Fund. – 2019. – 26 s. [Elektronnyj resurs]. URL: imf.org/external/pubs/ft/bop/2019/pdf/Clarification0422.pdf (data obrashcheniya: 11.02.2021).
3. Euler T. The Token Classification Framework: A multi-dimensional tool for understanding and classifying crypto tokens/T. Euler [Elektronnyj resurs]. URL: untitled-inc.com/the-token-classification-framework-a-multi-dimensional-tool-for-understanding-and-classifying-crypto-tokens/(data obrashcheniya: 20.12.2020).
4. Bolvachev A.I., Koshelev K.A. Cifrovye finansovye aktivy: ekonomicheskaya sushchnost’ // Cifrovaya ekonomika: tendencii i perspektivy razvitiya: sb. tezisov dokladov Nac. nauch.-prakt. Konf.: v 2 t. (REU im. G.V. Plekhanova). – 2020. – S. 236–243.
5. Kriptovalyuty i blokchejn kak atributy novoj ekonomiki. Razrabotka regulyatornyh podhodov: mezhdunarodnyj opyt, praktika gosudarstv – chlenov EES, perspektivy primeneniya v Evrazijskom ekonomicheskom soyuze // EEK. – 2019. – 90 s. [Elektronnyj resurs]. URL: eurasiancommission.org/ru/act/integr_i_makroec/dep_makroec_pol/SiteAssets/Doklad.pdf (data obrashcheniya: 11.02.2021).
6. Cifrovoj rubl’. Doklad dlya obshchestvennyh konsul’tacij//Bank Rossii. – 2020. – 47 s. [Elektronnyj resurs]. URL: cbr.ru/analytics/d_ok/dig_ruble/(data obrashcheniya: 15.01.2021).
7. Kochergin D.A., Pokrovskaya N.V. Mezhdunarodnyj opyt nalogooblozheniya kriptoaktivov // Ekonomicheskij zhurnal VSHE. – 2020. – № 24 (1). – S. 53–84.
8. Federal’nyj zakon ot 27.06.2011 № 161-FZ (red. ot 20.07.2020) «O nacional’noj platezhnoj sisteme» (s izm. i dop., vstup. v silu s 03.08.2020) [Elektronnyj resurs]. URL: consultant.ru/document/cons_doc_LAW_115625/(data obrashcheniya: 11.02.2021).
9. Federal’nyj zakon ot 18.03.2019 № 34-FZ «O vnesenii izmenenij v chasti pervuyu, vtoruyu i stat’yu 1124 chasti tret’ej Grazhdanskogo kodeksa Rossijskoj Federacii» [Elektronnyj resurs]. URL: consultant.ru/document/cons_doc_LAW_320398/(data obrashcheniya: 11.02.2021).
10. Pis’mo Minfina Rossii ot 17.05.2018 № 03-04-07/33234 [Elektronnyj resurs]. URL: consultant.ru/document/cons_doc_LAW_299587/8de82d2bdb461de60bb76e91a199525fd5e0bf5f/(data obrashcheniya: 11.02.2021).
11. Federal’nyj zakon ot 02.08.2019 № 259-FZ (red. ot 31.07.2020) «O privlechenii investicij s ispol’zovaniem investicionnyh platform i o vnesenii izmenenij v otdel’nye zakonodatel’nye akty Rossijskoj Federacii» [Elektronnyj resurs]. URL: consultant.ru/document/cons_doc_LAW_330652/(data obrashcheniya: 11.02.2021).
12. Federal’nyj zakon ot 31.07.2020 № 259-FZ «O cifrovyh finansovyh aktivah, cifrovoj valyute i o vnesenii izmenenij v otdel’nye zakonodatel’nye akty Rossijskoj Federacii» [Elektronnyj resurs]. URL:
consultant.ru/document/cons_doc_LAW_358753/(data obrashcheniya: 11.02.2021).

 

ACTUAL THEME

Digital transformation of the economy and financing of the national project «digital economy of the russian federation»
Petrikova E.M., doctor of economic science, professor of chair of finance and prices Plekhanov Economic University, e-mail: petrikova@mail.ru
SPIN-код: 3457-7077; AuthorID: 407212; Scopus ID: D-6976-2014; ID РИНЦ: 3457-7077;
ORCID: 0000-0001-6816-1175; ResearcherID: D-6976-2014

Annotation. The article presents a detailed analysis of the main goals, stages, directions of transformation of the Russian economy and the main sources of financing of the national project «Digital Economy of the Russian Federation», which is involved in this process. Decision to postpone the achievement of a number of national goals from 2024 to 2030 and the subsequent adjustment of the programs of national projects under the influence of the economic crisis and the COVID-19 pandemic, led to the need to develop a National Action Plan for anti-crisis economic recovery and make changes to the national project «Digital Economy of the Russian Federation» until 2030.
The article examines the experience of implementing this national project in 2019–2020 and the main problematic issues that it faced during its implementation at three main levels – federal, regional and municipal levels. Special attention is paid to the reasons why the development of the national project «Digital Economy of the Russian Federation» is slow, as well as the main difficulties that arose in the process of its implementation in the first two years.
Keywords: digital economy, digitalization of the economy, national project, national goals, state budget, public finance, state programs.

References
1. Ukaz Prezidenta RF № 204 ot 07.05.2018 «O nacional’nyh celyah i strategicheskih zadachah razvitiya RF na period do 2024 goda» [Elektronnyj resurs]. URL: kremlin.ru/acts/bank/43027 (data obrashcheniya: 01.01.2021).
2. Ukaz Prezidenta Rossijskoj Federacii ot 21.07.2020 № 474 «O nacional’nyh celyah razvitiya Rossijskoj Federacii na period do 2030 g.» [Elektronnyj resurs]. URL: kremlin.ru/acts/bank/45726 (data obrashcheniya: 01.01.2021).
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4. Dannye Minfina Rossii [Elektronnyj resurs]. URL: minfin.gov.ru/ru/press-center/?id_4=37356-ispolnenie_raskhodov_federalnogo_byudzheta_na_ryealizatsiyu_natsionalnykh_proektov (data obrashcheniya: 01.01.2021).
5. Obshchenacional’nyj plan dejstvij, obespechivayushchij vosstanovlenie zanyatosti i dohodov naseleniya, rost ekonomiki i dolgosrochnye strukturnye izmeneniya v ekonomike odobren na zasedanii Pravitel’stva RF 23.09.2020 (protokol № 36, razdel VII), № P13–60855 ot 02.10.2020 [Elektronnyj resurs]. URL: consultant.ru/document/cons_doc_LAW_333667/(data obrashcheniya: 01.01.2021).
6. Vladimir A. Slepov, Elena M. Petrikova, Olga A. Grishina, Natalia M. Yermakova. System for financing national projects in Russia // Journal of Financial Studies & Research. – Vol. 2020, Article ID 595693. – 9 p.
7. Petrikova E.M., Petrikova S.M. Proektnoe finansirovanie: teoriya i praktika // Sibirskaya finansovaya shkola. – 2015. – № 6 (113). – S. 85–94.
8. Golubev A.V. Investicii v nacional’nye proekty kak faktor ekonomicheskogo rosta // Ekonomika i upravlenie narodnym hozyajstvom (g. Sankt-Peterburg). – 2019. – № 7 (9). – S. 53–59.
9. Ternavskij A.A., Petrikova E.M. Investicionnyj fond Rossijskoj Federacii: teoriya, metodologiya, praktika // Finansy i kredit. – 2007. – № 33 (273). – S. 18–32.
10. Pashihina E.V. Ocenka ispolneniya planovyh pokazatelej po realizacii nacional’nyh proektov RF // Mezhdunarodnyj zhurnal grazhdanskogo i torgovogo prava. – 2020. – № 1. – S. 126–131.

 

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