Financial sovereignty — myth or reality?

Abstract

The article deals with some issues of the content of financial sovereignty as part of state sovereignty, its subsystem. It is substantiated that state sovereignty in unity and interconnection includes such types of it as economic, political, in the field of defense, food, education, culture, ecology, etc. The weakening of sovereignty in any particular area does not entail the loss of state sovereignty , since the public authorities have sufficient capacity to take appropriate measures to achieve the necessary balance. Measures of sanctions impact on the Russian Federation in 2022 showed that financial sovereignty is the most important component of state sovereignty, which was primarily negatively affected. Preservation of stability and sustainability in the financial sector was possible due to the anti-sanction measures taken in the Russian financial system.