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Currency Restrictions as a Part of Financial Sanctions: Legal Means of Counteraction
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Currency Restrictions as a Part of Financial Sanctions: Legal Means of Counteraction
Annotation
PII
S1605-65900000622-5-1
DOI
0.61205/S160565900032138-5
Publication type
Article
Status
Published
Authors
Ilya.I. Kucherov 
Occupation: Dr. Sci. (Law), Prof., Honored Lawyer of the Russian Federation, Deputy Director, ILCL
Affiliation: Institute of Legislation and Comparative Law under the Government of the Russian Federation, Moscow, Russia
M Mizintseva
Occupation: Dr. Sci. (Economics), Prof., Chief Researcher, Laboratory of Computer Modeling of Socio-Economic Processes, CEMI RAS
Affiliation: Central Economics and Mathematics Institute, Russian Academy of Sciences, Moscow, Russia
Edition
Volume 28 Issue 10
Pages
102-117
Abstract

The scientific interest of the authors of the article is due to the extreme relevance of the topic related to currency restrictions imposed by unfriendly states against the Russian Federation as part of a targeted sanctions impact on its financial system. The purpose of the study is to identify currency restrictions as part of financial sanctions, correlate them with legal means capable of countering them and neutralizing negative consequences. Research methods: analysis, generalization, synthesis, comparison, comparison, formal-logical, historical-legal. The conclusion is formulated that the use of currency restrictions within the framework of targeted sanctions on the financial system of a state actually represents a new method of conducting currency wars, fundamentally different from the previously widely used method of controlled devaluation of national currencies. Its main feature is to give currency restrictions the legal form of sanctions imposed unilaterally by individual states and interstate associations. The main negative consequence of such restrictive measures is the destruction of the established global financial order, including in the field of international monetary relations.

Keywords
currency, reserve currency, monetary system, currency wars, controlled devaluation of the national currency, restrictive measures, currency restrictions, legal means of countering financial sanctions
Date of publication
28.10.2024
Number of purchasers
1
Views
18
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0.0 (0 votes)
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References



Additional sources and materials

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