| | PROBLEMS OF MODERN ECONOMICS, N 2 (82), 2022 | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | Pilipenko I. V. Director, Institute of Competitiveness and Integration (Moscow), PhD (Geography), MPA (State Administration) Skorodumov S. M. Economist, invited expert of the Institute of Competitiveness and Integration (Moscow)
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| The article discusses the possibility of application, by the Russian Federation, of the bilateral and multilateral clearing in the international account settlement as a systemic decision for the development of foreign trade against the background of growing anti-Russian sanctions on the part of Western countries and limited access to freely convertible currency. The authors distinguish directions of Russian scholarly research around this issue and accompanying topics and analyze evaluation done by foreign specialists with regard to the practice of the Soviet Union use of convertible ruble in multilateral clearing withing the frames of the Council for Mutual Economic Assistance and in trade with Finland. The article formulates five major principles of the possible organization of account settlement of the Russian Federation through bilateral and multilateral clearing agreements, and give a detailed description of the mechanism underlying currency clearing in such a system in the present-day realities. | Key words: clearing, international account settling, exporter, currency, accounting unit, Council for Mutual Economic Assistance, EEC, EEU | Pages: 105 - 114 |
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