MECHANISMS FOR CIRCUMVENTING UNILATERAL ECONOMIC RESTRICTIONS FOR THE OIL AND GAS INDUSTRY IN THE RUSSIAN FEDERATION

Author(s): Korzukhina E.M., Baranov D.N.

Rubric: Economy

DOI: 10.21777/2587-554X-2023-3-18-27

Release: 2023-3 (46)

Pages: 18-27

Keywords: unilateral economic restrictions, oil and gas industry, circumvention mechanisms, sanctions, oil and gas companies

Annotation: The article is devoted to the study of mechanisms for circumventing unilateral economic restrictions that oil and gas companies in the Russian Federation are currently facing. The features of economic restrictions, their impact on the activities of the oil and gas industry in the modern world, and the mechanisms available to oil and gas companies to bypass restrictions are considered. It is shown that the introduction of a digital ruble, through which it will be possible to carry out transactions with foreign counterparties, has a great potential for circumventing unilateral economic restrictions. In addition, it is important to create an innovative ecosystem for managing the oil and gas industry, which includes scientific research, the development of new technologies, robotics and the integration of digital technologies into the organizational and technological processes of oil and gas companies. The article presents an assessment of the risks and benefits associated with the use of mechanisms to circumvent economic restrictions, as well as a set of recommendations for oil and gas companies that plan to use these mechanisms. The research methods were statistical and graphical methods, analysis, synthesis, induction and deduction. The article contains both theoretical analysis and practical aspects of circumventing unilateral economic restrictions.

Bibliography: Korzukhina E.M., Baranov D.N. MECHANISMS FOR CIRCUMVENTING UNILATERAL ECONOMIC RESTRICTIONS FOR THE OIL AND GAS INDUSTRY IN THE RUSSIAN FEDERATION // Economics and Management. – 2023. – № 3 (46). – С. 18-27. doi: 10.21777/2587-554X-2023-3-18-27