Financial Sovereignty and Macroeconomics: Practical Steps and Strategic Goals
Given the unprecedented pressure of sanctions, the formation and strengthening of financial sovereignty is a priority task. It entails providing the country’s economy with ample financial resources for development, implementing a balanced budget policy without dependency on external sources, and facilitating free external financial transactions without risk, especially for foreign partners from friendly nations. Such measures are objectively necessary. It is extremely important that addressing these tasks occurs at the same time as ensuring accelerated economic growth and does not impede the revival of industry and other sectors of the economy. The main sign of financial sovereignty is macroeconomic stability and the system’s resilience to any form of “external shocks”. What challenges and threats exist today, and what will emerge tomorrow? What are the main difficulties in building financial sovereignty? Is the current structure of the financial system optimal for boosting the growth of the Russian economy? What are the main internal and external financial risks to the stability of the Russian economy at the macro level? How can the problem of “monetary anaemia” of the Russian economy be solved without accelerating inflation?
Moderator
Dmitry Stolkov,
Active State Advisor of the Russian Federation, 3rd Class
Panellists
Mikhail Alekseev,
President – Chairman of the Management Board, Otkritie FC Bank
Aleksandr Babakov,
Deputy Chairman of the State Duma of the Federal Assembly of the Russian Federation
Alexander Galushka,
Vice President, Civic Chamber of the Russian Federation; Chairman of the Coordination Council for National Projects and Population Conservation, Civic Chamber of the Russian Federation
Nikolay Zhuravlev,
Deputy Chairman of the Federation Council of the Federal Assembly of the Russian Federation
Stanislav Prokofiev,
Rector, Financial University under the Government of the Russian Federation
Ivan Chebeskov,
Deputy Minister of Finance of the Russian Federation