Sukuk as a financing instrument in the context of anti-Russian sanctions

Derzaeva G.G.

Journal paper

Economic security (РИНЦ, ВАК)
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Volume 7, Number 11 (November 2024)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=76506248
Cited: 1 by 12.02.2025

Abstract:
The article examines sukuk as an instrument of partnership financing in the context of anti-Russian sanctions, the use of which will attract investments from the Persian Gulf countries to Russia and establish international relations with the countries of the East. Due to the anti-Russian sanctions, the Russian economy is increasingly oriented towards the East. Thus, one of the mechanisms of implementation of the new Federal Law on Partnership Financing No. 417 of 08/04/2023 are instruments issued according to the principles of partnership financing. Sukuk is an example of such instruments. The article applies the methods of comparison, contrast, analysis and synthesis, logical and systems approaches to examine different types of sukuk and the necessary reporting forms for the assets and businesses underlying sukuk in order to ensure transparent and fair reporting for all relevant stakeholders, especially sukuk holders. According to the research results, sukuk can be used by Russian partnership financing organizations. Reporting forms that need to be additionally prepared by partnership financing organizations to enter the Eastern capital markets are proposed.

Keywords: partner financing, financial instrument, anti-Russian sanctions, sukuk

JEL-classification: F51, F52, H56, H12

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