Legal support of internal financial sovereignty of the Russian Federation in the context of new challenges and threats

   The subject. Internal financial sovereignty is a complex and multidimensional phenomenon that permeates all spheres of public financial activity.

   Internal financial sovereignty is manifested in the real ability of the state to ensure the supremacy of financial legislation, in the sufficiency of its own funds for implementation of its tasks and functions, in the stability of the budget system, the system of taxes and fees, the financial market, the monetary system, including the national payment system, in the preservation of the purchasing power of the national currency, etc. Internal financial sovereignty largely depends on the quality of its legal support, covering the main structural elements (sub-branches and institutes) of financial law.

   The purpose of this article is to identify problems and trends in the legal provision of internal financial sovereignty at the current historical stage of development of social relations.

   The methodological basis of the research consists of the principles and categories of materialistic dialectics, systematic, formal-logical and formal-legal methods.

   Main results. The author notes that the legal support of internal financial sovereignty under the influence of new challenges and threats is characterized by increase in the variability of special legal regimes, expansion of public-law regulation of financial relations to the field of private finance, and the state assuming a proactive role in financial legal relations. The state continues to face the task of ensuring the effectiveness of legal regulation of financial relations in conditions of restrictive measures taken by unfriendly states and international organizations, in the digital space, overcoming outdated models of regulation of a number of financial relations.

   Conclusions. The current geopolitical situation has entailed the need to transform approaches to the legal support of internal financial sovereignty, accelerate decision-making, and change the principles of legal regulation. The state faces a difficult task for practical solution to ensure a balance of legal regulation of financial relations, which, on the one hand, should meet the challenges of the time, and on the other hand, should strive to balance public and private interests.

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