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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">finance</journal-id><journal-title-group><journal-title xml:lang="ru">Финансы: теория и практика/Finance: Theory and Practice</journal-title><trans-title-group xml:lang="en"><trans-title>Finance: Theory and Practice</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2587-5671</issn><issn pub-type="epub">2587-7089</issn><publisher><publisher-name>Financial University under The Government of Russian Federation</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26794/2587-5671-2026-30-3-254-266</article-id><article-id custom-type="elpub" pub-id-type="custom">finance-4416</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>АКТУАЛЬНАЯ ТЕМА</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>ACTUAL TOPIC</subject></subj-group></article-categories><title-group><article-title>Сравнительный анализ макроэкономических переменных и показателей финансовой деятельности до и во время российско-украинского конфликта: данные по России</article-title><trans-title-group xml:lang="en"><trans-title>Comparative Analysis of Macroeconomic Variables and Financial Performance Indicators Before and During the Russia-U kraine Conflict: Evidence from Russia</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0009-0006-4689-6860</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Муссе</surname><given-names>О. С. Х.</given-names></name><name name-style="western" xml:lang="en"><surname>Musse</surname><given-names>O. S. H.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Осман Саид Хассан Муссе — PhD, декан факультета менеджмента</p><p>Могадишо</p></bio><bio xml:lang="en"><p>Osman Sayid Hassan Musse — PhD, Assistant Prof, Dean, Faculty of Management Science</p><p>Mogadishu</p></bio><email xlink:type="simple">osmansayid@simad.edu.so</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0001-9100-2113</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Шарофиддин</surname><given-names>А.</given-names></name><name name-style="western" xml:lang="en"><surname>Sharofiddin</surname><given-names>A.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Ашуров Шарофиддин — PhD, доцент, руководитель программы PIBF и магистратуры по исламскому банкингу и финансам (ARABIC), Институт исламского банкинга и финансов (IIiBF)</p><p>Куала-Лумпур</p></bio><bio xml:lang="en"><p>Ashurov Sharofiddin — PhD, Assoc. Prof, Head of Programme PIBF &amp; M. Sc. Islamic Banking and Finance (ARABIC), IIUM Institute of Islamic Banking and Finance (IIiBF)</p><p>Kuala Lumpur</p></bio><email xlink:type="simple">ashurov@iium.edu.my</email><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0009-0008-3247-8443</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Мохамед</surname><given-names>М. А.</given-names></name><name name-style="western" xml:lang="en"><surname>Mohamed</surname><given-names>M. A.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Мохамуд Ахмед Мохамед — PhD, проректор по научной работе и консультированию</p><p>Могадишо</p></bio><bio xml:lang="en"><p>Mohamud Ahmed Mohamed — PhD, Assistant Prof, Deputy Rector, Research and Consultancy</p><p>Mogadishu</p></bio><email xlink:type="simple">emaara10@simad.edu.so</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Университет СИМАД</institution><country>Сомали</country></aff><aff xml:lang="en"><institution>SIMAD University</institution><country>Somalia</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru"><institution>Международный исламский университет Малайзии</institution><country>Малайзия</country></aff><aff xml:lang="en"><institution>International Islamic University Malaysia</institution><country>Malaysia</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2026</year></pub-date><pub-date pub-type="epub"><day>06</day><month>06</month><year>2026</year></pub-date><volume>30</volume><issue>3</issue><fpage>254</fpage><lpage>266</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Муссе О., Шарофиддин А., Мохамед М., 2026</copyright-statement><copyright-year>2026</copyright-year><copyright-holder xml:lang="ru">Муссе О., Шарофиддин А., Мохамед М.</copyright-holder><copyright-holder xml:lang="en">Musse O., Sharofiddin A., Mohamed M.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://financetp.fa.ru/jour/article/view/4416">https://financetp.fa.ru/jour/article/view/4416</self-uri><abstract><p>Предмет исследования — экономические и геополитические последствия продолжающегося российско-украинского конфликта, как для России, так и для мировой экономики. Цель исследования — сравнить выбранные макроэкономические переменные и показатели финансовой деятельности за периоды до и во время конфликта. Задача исследования — определить, есть ли существенные различия в средних значениях этих переменных на разных этапах. В анализе используется сочетание различных методов, в том числе, анализ соотношений, описательная статистика, критерий Шапиро– Уилка, парный знаковый ранговый критерий Вилкоксона и t-критерий. С методологической точки зрения исследование делит временной ряд на два отдельных периода: доконфликтный (2005–2013 гг.) и конфликтный (2014–2022 гг.). Такой подход позволяет провести комплексный анализ соотношений, медиан и средних значений, что является новаторским вкладом в исследование. Результаты показывают значительные различия в средних показателях нефтяной ренты и прямых иностранных инвестиций в доконфликтный период и в период конфликта. Кроме того, в период конфликта средний уровень безработицы стал ниже, чем в доконфликтный период. Исследование показывает, что в доконфликтный период средние показатели нефтяной ренты и прямых иностранных инвестиций были выше, чем в период конфликта. В исследовании делается вывод, что до начала конфликта средний уровень нефтяной ренты и прямых иностранных инвестиций был выше, чем в других странах, из-за таких факторов, как российско-украинский конфликт 2014 г., пандемия COVID‑19 и специальная военная операция 2022 г. Кроме того, низкий уровень безработицы в период конфликта свидетельствует об устойчивости российской экономики, несмотря на жесткие санкции, введенные США и их западными союзниками. Для дальнейшего изучения в будущих исследованиях влияния нефтяной ренты, прямых иностранных инвестиций и уровня безработицы на экономический рост России авторы рекомендуют использовать регрессионный анализ. Такой подход позволит глубже понять динамику, определяющую экономические показатели в периоды конфликтов и нестабильности.</p></abstract><trans-abstract xml:lang="en"><p>This study examines the economic and geopolitical ramifications of the ongoing Russia-Ukraine conflict on Russia and the global economy. It conducts a comparative analysis of selected macroeconomic and financial indicators across the pre-conflict (2005–2013) and during-conflict (2014–2022) periods. The objective is to determine whether significant differences exist in the mean values of key variables across the two phases. The study employs ratio analysis, descriptive statistics, the Shapiro-Wilk test, Wilcoxon matched-pairs signed-rank test, and t-tests. Methodologically, the two-period framework enables comparison of means, medians, and ratios, representing a key analytical contribution. The results indicate significant differences in oil rents and foreign direct investment (FDI) between the two periods, with higher average levels in the pre-conflict phase. In contrast, unemployment rates are lower during the conflict period compared to the pre-conflict period. These findings suggest structural shifts in Russia’s macroeconomic performance amid geopolitical tensions, sanctions, the 2014 conflict escalation, the COVID‑19 pandemic, and the 2022 special military operation. The study concludes that while oil rents and FDI declined during the conflict period, the Russian economy exhibited relative labor market resilience despite Western sanctions. It recommends future research applying regression analysis to further examine the impact of oil rents, FDI, and unemployment on economic growth under conditions of conflict and instability.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>Россия</kwd><kwd>нефтяная рента</kwd><kwd>прямые иностранные инвестиции</kwd><kwd>российско-украинский конфликт</kwd><kwd>экономический рост</kwd><kwd>финансовые показатели</kwd></kwd-group><kwd-group xml:lang="en"><kwd>Russia</kwd><kwd>oil rents</kwd><kwd>foreign direct investment</kwd><kwd>Russia-Ukraine conflict</kwd><kwd>economic growth</kwd><kwd>financial performance</kwd></kwd-group><funding-group><funding-statement xml:lang="ru">Это исследование проводится при поддержке Центра исследований и разработок Университета СИМАД. Университет СИМАД, Могадишо, Сомали.</funding-statement><funding-statement xml:lang="en">This research is supported by the Centre for Research and Development, SIMAD University. 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