LEGAL REGIME AND IMPORTANCE OF SOVEREIGN WEALTH FUNDS OF THE RUSSIAN FEDERATION
Abstract and keywords
Abstract (English):
The article is devoted to the study of the legal regime of the sovereign wealth funds of the Russian Federation — the Reserve Fund and National Welfare Fund. The article reveals the role and importance of sovereign wealth funds for the implementation of efficient financial activity of the state and the achievement of socially significant results. The article studies the evolution of the development of the Russian legislation on sovereign wealth funds, funds’ specific characteristics and their attributes and functions, presents the actual currency structure of these funds. The author pays special attention to the specifics of managing sovereign funds. The author argues that the Sovereign Wealth Fund represents a portion of the Federal budget funds, established to ensure the state’s financial stability, managed by a special body and intended for the financial support of the execution of the state’s objectives and functions, in the event of risks and threats to the budget balance. The author emphasizes that the transformation of the main purpose of sovereign wealth funds — from “Fund of financial stability” under the crisis, to the Fund — “Protector of stability and prosperity” presents itself as rather promising.

Keywords:
sovereign wealth funds, Reserve Fund, national welfare Fund, financial stability, budget balance, risk, role and significance of sovereign wealth funds, the Russian Federation.
References

1. Akopyan O. A. Pravovye resheniya v ekonomicheskoy sfere. Zhurnal rossiyskogo prava. 2014. № 1.

2. Byudzhetnoe poslanie Prezidenta RF Federal´nomu Sobraniyu ot 29 iyunya 2011 g. «O byudzhetnoy politike v 2012—2014 godakh»// Parlamentskaya gazeta. 2011. 7 iyulya.

3. Vasyanina E. L. K voprosu ob effektivnosti upravleniya gosudarstvennymi dokhodami. Finansovoe pravo. 2014. № 9.

4. Doklad o rezul´tatakh i osnovnykh napravleniyakh deyatel´nosti Ministerstva finansov Rossiyskoy Federatsii na 2014 g. i planovyy period 2015—2017 gg. URL: http://www.minfin.ru/.

5. Kudrin A. L. Byudzhet — osnova obespecheniya dolgosrochnoy finansovoy ustoychivosti strany. Finansy. 2008. № 12.

6. Kudrin A. Stabilizatsionnyy fond: zarubezhnyy i rossiyskiy opyt. Voprosy ekonomiki. 2006. № 2.

7. Lebedinskaya E. Rol´ neftegazovykh fondov v Rossii. Voprosy ekonomiki. 2012. № 3.

8. Poslanie Prezidenta RF Federal´nomu Sobraniyu (2001 g.). Rossiyskaya gazeta. 2001. 4 apr.

9. Sakharov A. A. Suverennye fondy blagosostoyaniya. Opyt Rossii. Reglamentatsiya bankovskikh operatsiy. Dokumenty i kommentarii. 2008. № 6.

10. Tikhomirov Yu. A. Teoriya kompetentsii. M., 2005.

11. Shapagatova B. Natsional´nyy fond Respubliki Kazakhstan: investitsii v ustoychivoe razvitie. Almaty, 2011.

12. Yachevskaya S. V. Pravovye aspekty deyatel´nosti finansovogo instituta po upravleniyu suverennymi fondami. Zakon. 2012. № 12.

Login or Create
* Forgot password?