PROBLEMS OF TRADE FINANCING DEVELOPMENT IN THE RUSSIAN FEDERATION
Abstract
From the standpoint of enterprises, searching for the minimum-risk methods and ways of organizing settlements in foreign trade is always a topical problem. The research study identifies the problems of trade finance in the Russian Federation (RF) after the sanctions have been imposed. The key features of trade finance management are formulated. The influence of economic sanctions on trade financing mechanisms is analyzed. Some mechanisms are considered for using a documentary letter of credit, one of the most popular trade financial instruments in international settlements today. Measures for eliminating the factors restraining the growing use of trade finance instruments and the possibility of their implementation under the conditions of current economic sanctions are grounded. System analysis methods and techniques, analogy methods, expert assessments and projection methods are used as part of this research study.
References
Beard A. (2010). Trade Finance Handbook. USA: RR Donnelley, Crawfordsville. 224 p.
Beck Т. (2010). Creating an Efficient Financial System: Challenges in a Global Economy. USA: World Bank Policy Research Working Paper 3856. 43.
Bhogal T. (2011). Trade finance (Finance and Capital Markets). London: Palgrave Macmillan. 180 p.
Bronnikova E. A. (2011). Trade Finance products and the conceptual apparatus. Factoring and Trade Finance, 4: 36-37.
Dunn M. (2010). How to Help You Get Paid, Credit & Collections Forms & Letters. USA: Never Dunn Publishing LLC. 123 p.
Egorova N. E. (2011). Enterprises and banks: interaction, economic analysis: Textbook. Moscow, 456 p.
Eiteman D. (2011). Multinational business finance. USA: Addison-Wesley. 648 p.
EXIAR – the Strategy of development of EKSAR for the period of 2015-2017. Retrieved on 20.12.2016 from: www.exiar.ru/upload/docs/Strategy%20развития%20ЭКСАР%202015-2017.pdf .
Fedorova N. (2011). The letter of credit is beneficial to all. In Russia it's time to create a new system of payment by documentary credit. National banking journal, 3. pp. 20-21.
The foreign trade information portal. Retrieved on 07.11.2016 from www.ved.gov.ru/rus_export/svodniy_reestr_institutov_i_instrumentov_podderzhk.
Makarov S. H. (2010). The Role of agent Bank in the Russian system of state support of exports. International banking operations, 2: 35.
Nikolova, L., Kuporov, J. & Rodionov, D. (2015). Economics and Society in the Era of Technological Changes and Globalization. International Journal of Economics and Financial Issues, 5. Pp. 73-79.
Nikolova, L., Rodionov, D. & Omelianenko, A. (2014). Risk management of banks assets securitization. Life Sciences Journal, 11(11): 576-581.
Orellana, M. (2010). Export Credit Agencies and the World Trade Organization. USA: Center for International Environmental Law, 25.
Pavlovich, J. (2010). Independent documentary obligation. Walters Kluwer. 70 p.
Putilin, V. (2010). Operational risks at carrying out of documentary operations. International banking operations, 3. 3-4.
Venedikian, H. (2010). Global trade financing. Canada: John Wiley and Sons. 496.
Volkova, N. (2016). Analysis of international investment attractiveness of Russia and China. Collection of scientific papers of the 17th international scientific-practical conference of SPbSPU. 63-67.
Zelenov, A. (2010). Letters of Credit for Cheaper Credits. Bank Review. 1: 70-72.
Copyright
The EUrASEANs
International College Suan Sunandha
Rajabhat University, Bangkok, Thailand
