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Transformation of export support mechanisms in the Russian Federation during pandemic Covid–19

Source :
Bulletin of "Turan" University. :173-179
Publication Year :
2020
Publisher :
Turan University, 2020.

Abstract

The article provides a systematization of mechanisms of state support for exports in the Russian Federation within the framework of the National Project “International Cooperation and Export”. It is shown that a complex multi-level export support system operates in the Russian Federation, including a wide range of financial and nonfinancial mechanisms. The mechanisms for transforming export support instruments in the context of the restrictions imposed by the coronavirus pandemic are revealed. Deepening and expanding integration within the framework of the EAEU is fixed as a key task in the foreign policy Concept of all member States of the Eurasian economic community. It is noted that joint efforts can more effectively deal with the consequences of the global economic crisis and, in fact, the global quarantine caused by the consequences of Covid–19. The Russian market is a significant part of the import supplies of industrial enterprises of the EAEU partners, removing any restrictions related to the size of the market. In modern conditions, it is advisable to develop export support mechanisms aimed primarily at providing targeted support to non-profit companies that are exposed to market risks, including those arising under the influence of the COVID–19 pandemic.

Details

ISSN :
15622959
Database :
OpenAIRE
Journal :
Bulletin of "Turan" University
Accession number :
edsair.doi...........9da9235659a1e94683e50e47d8609df8
Full Text :
https://doi.org/10.46914/1562-2959-2020-1-4-173-179