The Role of the Energy Sector in Ensuring Financial Security of Russia

Against the background of large-scale globalization processes, accelerated with the development of information technology, and the fragmentation of the world economy caused by growing geopolitical tensions and sanctions confrontations, interest in solving problems of ensuring national security has increased. Particular attention was paid to such components of national security as the financial security and energy security of the country, which is explained by the high importance of the financial sector and the energy industry in ensuring the stable functioning of the national economy. The interest of the Russian researchers in solving these problems is also due to the fact that most of the most severe anti-Russian sanctions were introduced against these sectors of the economy. The relevance of the challenges has stimulated the emergence of many studies in the field of development of assessment methods and ways to ensure financial and energy security, but these studies were carried out without an in-depth analysis of the phenomenon of interdependence of financial and energy security, whereas at present, achieving one state cannot be achieved without achieving the other.

The purpose of this study is to theoretically understand and describe how to integrate financial and energy security, which will enable us to develop strategic solutions for the country’s financial system while considering the energy sector’s role in ensuring its sustainability and uninterrupted operation.

The scientific novelty of this research is the development of a theory that explains how the national financial system functions by highlighting the interdependence between financial and energy security.

The result of the study is methodological recommendations for ensuring national financial security in the context of the development of the energy industry. 

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