Debt security of the Russian economy in the context of sanctions

Abstract

Subject. The article considers ensuring financial security through the debt component. Objectives. The aim is to identify the specifics of the current state of Russia's debt security that has suffered from severe sanctions over a long period, in terms of its resilience in the face of global challenges. Methods. The study employs the method of expert assessment, economic and statistical analysis, the coefficient method, and extrapolation-prognostic approach as its instrumental basis. Results. The paper provides an assessment of debt security of the Russian economy in terms of its sustainability and taking into account the peculiarities of the dynamics of a number of indicators for 2016–2023. It also reveals trends in the formation of indicators of financial stability through the figures of external and internal borrowing. The indicators of financial stability characterize the ability of the economy to overcome adverse impact factors through building the economic potential, despite the increasing combination of adverse effects of both external (sanctions) and internal (pandemic) factors. Conclusions. The conducted research is a basis for current and future variability in the use of regulatory tools within the formation of the debt policy of the State under increasing adverse factors in order to preserve the ability of the economic system to withstand unfavorable circumstances in the form of global challenges and to provide sources of economy financing through market instruments without losing financial stability.