Aim. To perform an assessment of the performance of investments in business acquisitions over the years to 2021 by analyzing the impairments recognized in 2021 and 2022.

Objectives. To examine the possible approaches to analyze the performance of mergers and acquisitions; to elaborate on one of the approaches in the aspect of investigating the impairment of goodwill previously recognized as a result of company acquisitions; to analyze the indicators of available financial statements of companies for 2021 and 2022.

Methods. The study is based on the analysis of consolidated financial statements of Russian companies and sample data on foreign companies. We considered individual transactions on foreign companies’ exit from the Russian market and assessed the effect of their influence on the financial statements of foreign companies.

Results. The authors have carried out a post facto evaluation of the indicators of the largest Russian companies in the sample, assessed the possibilities of goodwill recovery as a result of M&A transactions. As a result of the analysis the conclusion is formed that the situation in the considered sector of economy remains stable. Meanwhile, foreign investors who have left the Russian market recognize significant impairment of investments in their financial statements.

Conclusions. The prospect for further research is to conduct a more extensive analysis based on a larger sample of companies. In 2023, some companies that preferred not to publish their 2022 financial statements have started to disclose their financial results again. This provides an opportunity to continue the research begun in the paper on the results obtained and to make further refinements.

Aim. To identify the key institutional characteristics of the transition to a multipolar world and to substantiate the directions of development of the Russian economy during this transition, contributing to the restoration of Russia’s position as an economic and political center of power in the new model of the world order.

Objectives. To consider the institutional foundations of the world order to determine the place of multipolarity among other types of world order; to trace the features of the transition to a multipolar world as an institutional transformation from the point of counteraction to the dominance of one superpower; to formulate the directions of transformation of the Russian economy during the transition to a multipolar world.

Methods. Using general methods of scientific cognition, as well as institutional and civilizational approaches, the paper considers the transition to a multipolar world as a natural stage of transition to a new model of world order, reflecting the evolution of world economic patterns and their corresponding world orders.

Results. The regulatory functions of formal and value-ethical institutions in the institutional environment of the world order, as well as the role of states and civilizations as their sources and guarantors are determined. Institutional gaps in the models of unipolar and multipolar worlds are revealed. The thesis that the movement to the multipolar world model implies institutional transformation in economic, socio-spiritual and political aspects is substantiated. The role of values and conscious efforts of states in the transition to a multipolar world is shown. The main challenges and threats in the transition to a multipolar world for the Russian economy are identified and the directions of efforts necessary for its strengthening are formulated.

Conclusions. The transition to a multipolar world is a complex process of transformation of the institutions of the world order and the world economic order on the basis of taking into account the national interests and values of a large number of global actors. During the period of institutional transformation of the transition, the Russian state faces new challenges in the sociovalue, economic and political spheres. The development of the Russian economy in the transition period should become the basis for strengthening the economic and political power of the country, its national sovereignty and provide a worthy place for Russia in the new model of the world order.

Aim. To establish what new and useful things the ESG concept has contributed to the realization of the Sustainable Development Goals, what technologies can ensure sustainable growth and environmental protection, and whether there has been a qualitative leap in the methodological support of the green agenda.

Objectives. To analyze the chain of working ideas that laid the foundation for the current international climate agenda; to reveal the problems and challenges posed and implemented in different green economy concepts; to test the hypothesis that there are no strong solutions and qualitative leap in the ESG concept relative to previous green economy concepts to achieve sustainable development goals; to propose relevant challenges in the ESG transition.

Methods. The study is built on an array of precedents comprising more than 100 non-randomized examples without reference information. The collection of such examples showed that, firstly, it is often possible to draw meaningful, reproducible information from practice, books, articles, but the sources devoted to the topic of ESG often only broadcast the ideas of the international climate agenda, and there are very few critical articles and reviews; secondly, there are many standards in the field of ESG, but it is difficult for the international community to come to a single ESG standard due to the accumulated contradictions. The collected materials are sorted, structured and summarized on a factual basis. As a result, a data model has been built that, among other things, shows actual trends as well as actions taken by participants in the climate agenda. This makes it possible to separate the phenomena occurring in reality from existing declarations, advertisements, assessments and opinions. Hypotheses and expert assessments are highlighted, and references to the authors’ works are provided. On the basis of examples the theses in the article are formulated, conclusions are drawn, and a number of recommendations with novelty and usefulness for potential users are given. Due to the volume of development, the author’s materials are distributed in a number of publications, i.e. the research is ongoing. As it is replenished with new examples of interest, further clarifications regarding objective limitations and prohibitions may be made in the articles. The method of searching and analyzing precedents, as well as general scientific methods of research, including methods of comparative and logical analysis, were applied in the preparation of the article.

Results. The hypothesis of the study is confirmed: there have been no strong solutions, much less qualitative leaps, in the field of green technologies so far. There are only problems that need to be addressed in the context of ongoing research.

Conclusions. The field of green technology is relatively new and no strong technological leaps have been found. There are obvious problems that require solutions, new approaches. The field of green economy is still nascent, waiting for world-class breakthrough ideas. It is too early to study qualitative leaps. Direct transfer of concepts to the economy from other areas (e.g. religion, charity, etc.) equals an increase in risks. With all the complexity of preventing global climate change, it is necessary to solve a set of problems not only in the energy sector, but also in the rest of the economy, primarily in industry and agriculture, as well as in the social sphere.

Aim. To assess the impact of Western European sanctions on trade cooperation between Russia and Central-Eastern European (CEE) countries in the machine-building sector.

Objectives. Statistical analysis of the dynamics of Russia’s trade relations with CEE countries in the field of mechanical engineering under current sanctions conditions; construction of an econometric model for regression analysis of the impact of Western European sanctions on trade in mechanical engineering products; identification of key trends and problems in trade and economic cooperation between Russia and the CEE region in the mechanical engineering sector in 2021–2023.

Methods. The authors used such research methods as statistical and econometric analysis, syntax, description, graphical modeling.

Results. The results obtained in the course of econometric analysis indicate that the impact of Western European sanctions on the main indicators of trade in engineering industry products between the Russian Federation (RF) and CEE countries was ambiguous. European Union (EU, EU) sanctions had a greater impact on CEE countries’ export flows than on RF exports to the region.

Conclusions. The current sanctions conditions have determined an unfavorable medium-term trend in trade relations in the mechanical engineering sector between Russia and the CEE region. The trade and economic indicators analyzed in this article are the main determinants of econometric analysis that affect the interaction between Russia and CEE countries in the machine-building sector. During the studied period of 2021-2022 the volume of mutual investments showed a negative effect, industrial production had a positive impact on trade in engineering products.

Aim. To assess the state of the scientific potential of the Magadan Oblast from the point of view of its influence on the formation of economic security of the region.

Objectives. To define the concept of “scientific potential of the region” and reveal its structure; to consider the existing approaches to assessing the scientific potential of the region; to conduct a comparative analysis of the scientific potential of the Magadan Oblast and the Far Eastern Federal District (FEFD).

Methods. The scientific potential of the region is considered in the plane and component aspects from the position of three components: technological, innovative, educational. The assessment of each component is based on three interrelated planes: formation, development and utilization.

Results. The tendency to decrease the scientific potential of the Magadan Oblast in all three components both in absolute terms and in comparison with the indicators of the Far Eastern Federal District has been revealed. The greatest reduction of indicators is revealed in the sphere of scientific and technological potential.

Conclusions. There is a growing threat to the economic security of the region due to the lag of the Magadan Oblast from other regions of the Far Eastern Federal District both on the level of innovation and technological development and on the formation of scientific personnel for the needs of the regional economy. It is recommended to concentrate efforts in the sphere of development of scientific and educational potential, since it is the sphere that determines the strategic development of the region and long-term economic security.

Aim. To compare the current research approaches to the functioning and development of pilot testing infrastructure in the contour of innovation and technological activity in Russia and abroad.

Objectives. To identify the role and functions of experimental-industrial testing in the system of research, development and technological works (R&D) of the country; to identify and compare international approaches to the classification of the infrastructure of experimental-industrial testing; to analyze the current domestic legislative and regulatory framework regulating the activities in the field of experimental-industrial testing.

Methods. The research applied general scientific methods (system approach, decomposition, analysis and synthesis, induction and deduction), private methods (structural-logical and subjectobject), methods of graphical structuring and data interpretation.

Results. The authors described the evolution of approaches to the definition of the term “pilot testing” on the example of studies of domestic and foreign scientists, substantiated the need to distinguish the terms “pilot testing” and “pilot infrastructure”, highlighted and schematically characterized their relationship. The comparison of international and domestic scientific and regulatory approaches has revealed diversity both in the terminology used and their interpretation, and in the types of classification of this type of activity. The article presents three most common approaches to the definition and classification of the material and technical base of pilot tests.

Conclusions. Pilot testing is an important stage in the process of implementation and scaling of technological innovations, which allows successful technology transfer from laboratory to industrial environment. Despite the positive experience of the Soviet Union in the aspect of design, construction and operation of pilot plants, the modern innovation and technology policy of the country does not prioritize the development of this area, and the activity has low dynamics of development. Insufficient attention to the improvement of measures and tools to support the development of pilot testing infrastructure may become a constraint for solving the state tasks of import substitution and import substitution. Despite the unambiguous general conclusion of all studies about the exceptional importance of the stage of pilot testing for the process of implementation and scaling of technological innovations in general, in many countries of the world there are limitations for the full development of this area of activity. This determines the relevance of continuing research work, including in the context of analyzing the barriers, public and private initiatives for the development of pilot industrial infrastructure.

Aim. To develop a set of indicators for assessing “green” workplaces that allow characterizing the impact of such workplaces on the health and working capacity of employees, their position in the workplace, on the main economic indicators of the organization, on the environment.

Objectives. To identify and characterize the methods of assessing the number and qualitative composition of jobs used in Russia and foreign countries; to conduct a comparative analysis of the used methods of assessing jobs, to identify their advantages and disadvantages; to develop indicators and propose a methodology for assessing “green” jobs, allowing to assess the impact of the workplace on human health and social status, the economy, the environment, which will make it possible to form a set of measures necessary for the successful transformation of the labor market in the direction of the labor market.

Methods. The author applied the methods of systemic, logical and comparative analysis, analysis of scientific literature, classifications and groupings, statistical processing of federal and regional indicators of accounting for the number of jobs and their qualitative composition.

Results. The analysis of domestic and foreign literature has shown that in modern conditions there are many methodologies for assessing the number of “green” jobs in different countries, which differ significantly in terms of both the criteria for classifying jobs as “green” and the indicators for assessing their impact on the economy and society. In Russia, the number of green jobs is not currently assessed. This makes it difficult to analyze the state of the “green” segment of the economy and the main areas of its impact on society, the environment, health and working capacity of workers, and prevents the identification of shortcomings in the “green” segment of the labor market and the successful development of measures to implement the “green” transition. In this regard, it is advisable to use a comprehensive methodology for assessing the state of green jobs in the organization, which includes such components as environmental protection, decent work, high-tech. The “environmental protection” component involves the assessment of such parameters as the impact of workplaces on the region’s water resources and environmental pollution. The component “decent labor” includes the assessment of key parameters of the socio-economic status of workers, in particular, the state of wages, job security, and working conditions. The block “high-tech” is aimed at assessing the parameters of labor productivity and performance, resource saving.

Conclusions. The proposed methodology makes it possible to conduct a comprehensive assessment of “green” jobs in terms of their impact on the region’s economy, the situation of workers in the labor sphere, the environment, to identify shortcomings and “bottlenecks”. The obtained information can serve as a basis for the development of a set of recommendations necessary for the successful implementation of the “green” transition.

Aim. To identify trends and directions of development of ESG-agenda of the Russian banking sector in the new geopolitical environment.

Objectives. To analyze the reaction of the Russian banking sector to the promotion of ESGagenda by the West in the pre-sanctions period and the change of priorities after the introduction of large-scale financial and technological sanctions for Russia; to determine the required transformation of business strategies and risk management systems; to propose additional measures of support from the state to increase the priority of sovereign technologies in the implementation of ESG-transformation and the development of a competitive national system of standards.

Methods. The authors applied a mixed method of analysis, combining qualitative and quantitative data, to form the empirical base of the study. Content analysis and empirical methods were used to analyze qualitative data. In turn, quantitative data were processed using statistical and logical tools.

Results. The conducted research allowed to confirm the effectiveness of ESG-tool in the realization of the concept of sustainable development. It was determined that the significant driving force of ESG-transformation today is mainly large banks. However, the potential of ESG-transformation on the part of banks may be exhausted, and the practical part of fulfillment of plans reflected in their ESG-policies requires additional incentives from the state.

Conclusions. Based on the results of the conducted research, it becomes clear that it is necessary to form a competitive Russian sovereign ESG-model, which should include a national regulatory framework, technological standards, and domestic platform IT management systems. Strengthening the work in this direction’ financial market participants are most able to influence the introduction of innovations in the sphere of tools for achieving sustainable development goals (SDGs) and national projects, to take into account national interests in view of ESG-agenda realization, to ensure their development and financing.

Aim. To consider the main problems of transformation of tax policy of the organization under the influence of ESG-regulations in the conditions of global development of integrated reporting and to establish the dependence of the level of sustainable economic development of the company, growth of its rating on the incorporation of tax policy elements into the indicators of financial and non-financial reporting.

Objectives. To study the concept and significance of tax policy for the formation of qualitatively new integrated reporting; to determine the role of tax policy in improving the investment attractiveness and competitiveness of the company; to establish the impact of ESG-concept on the construction of tax policy and financial results of the company; to study the current state of the regulatory and legal framework of the Russian Federation (RF), which regulates the introduction of ESG-technology in the composition of local acts of the company.

Methods. The study used private-scientific and general scientific methods, including methods of historical approach, systematization of empirical and theoretical research; analyzed the current legal and regulatory framework in the field of development and implementation of ESG-elements and identified the leading directions of tax policy formation in the conditions of ESG-rating.

Results. The recommendations developed by state regulators on the formation of integrated reporting and ESG-rating of sustainable development do not reflect the tax component. In this regard, the methodology proposed by the author is designed to contribute to the formation of, in fact, an innovative complex local normative legal act, tax policy in general, which takes into account the specifics of the introduction (embedding) of ESG-components.

Conclusions. Creation of a comprehensive science-based architecture of tax policy within the framework of ESG-technology will contribute to the achievement of sustainable development goals of the company. In particular, it will improve the quality of integrated reports, increase investment attractiveness, strengthen the organization’s position in ESG-ratings and reduce tax risks.

Aim. The purpose of the study is to analyze the main aspects of the use of marketplaces for the development of export activities of various business entities in our country, as well as to identify promising directions for improving such activities in modern conditions.

Objectives. Definition of the essence of the concept of “marketplaces”; research of their role in the development of the system of trade relations in our country; analysis of the significance of marketplaces in the development of the system of promotion and export of modern companies.

Methods. Both general scientific methods (analysis, synthesis, comparison, induction, deduction, etc.) in their totality and a group of special scientific methods were used in the preparation of the research. The latter include statistical analysis, analysis of dynamics, monographic analysis, etc.

Results. Within the framework of modern practice of organizing the activities of various business entities, considerable attention today is paid to the issues of the most effective development of electronic commerce. This is due to the fact that it is at the expense of e-commerce that significant opportunities for increasing sales volume and, consequently, net profit are formed. In the long term, the development of electronic commerce allows to provide an almost complete “transition to a new format of work” of entrepreneurs, as well as to significantly reduce the volume of transaction costs due to the opportunities provided by modern companies involved in the functioning of electronic commerce.

Conclusions. Today, in order to develop the activities of many trading companies, considerable attention should be paid to the practice of using the services and opportunities of various marketplaces as part of the promotion and development of export activities. This is due to the fact that such sites can provide significant opportunities for further development of trade activities. The above-mentioned opportunities to improve the practice of promotion and export activities should be taken into account both in the development of cooperation with online trading platforms and in the process of forming strategies for the development of marketplaces suppliers.

Aim. To consider a set of the main modern approaches to determining the varieties of digital financial instruments, as well as to unite these varieties into a single classification and to supplement the modifications with the necessary features in terms of scientific argumentation and practical approaches.

Objectives. To investigate the concept and meaning of digital financial technologies/instruments; to consider the most relevant and modern classification features applied in practice and in the scientific environment to the classification of types of digital financial technologies/instruments; if necessary, to supplement the selected classification features with new types; to bring together the characteristics of types of digital financial instruments into a single classification.

Methods. The study was conducted using the method of theoretical description, in the study of scientific literature and legal framework on the subject of digitalization of the Russian economy in the financial sphere; using the method of formal-logical approach, concretization of conclusions, method of thinking and visual interpretation of the results obtained.

Results. Digital financial technologies/tools represent a special type and means of managing financial flows of an organization (business entity), which uses computing computer technology with the recording of code pulses in a certain sequence and with a certain frequency. The conducted research has shown that the complex of digital financial technologies can be divided according to the following classification features: depending on the methods of financing, on the methods and forms of financial management, on the management of settlement and payment operations, on the basis of financial risk management, on the basis of control and supervisory functions, on the management of financial security/cybersecurity, on the management of financial relations with partners, on the use of forecasting technologies, on the scale and duration of application of digital technologies, on the scale and duration of financial management, on the basis of the management of financial and economic relations with partners, on the basis of the management of financial security and cybersecurity, on the basis of the management of financial relations with partners. The addition of five new classification attributes to the narrow classification is traced. These include financial cybersecurity management, monetary relations with partners, material digital base equipment, advertising and marketing impact, and predictive technologies.

Conclusions. Understanding the essence and content of digital financial technologies/tools and the varieties of their types is primarily essential for financial management from a digital transformation perspective. Indeed, before making the choice of a digital tool to manage the financial flows of an organization, the management of any company first needs to establish what tools are relevant, how they are classified based on financing, depending on the management of finances, payments and transfers, among others. This aspect plays an essential role in the beginning of the journey of choosing digital aspects of budget management and, as a result, determines the efficiency of financial and economic activities of conducting almost any business.

Aim. To identify the channels of the “resource curse of the financial sector”.

Objectives. Systematization of the main approaches to describing the relationship between the state of the financial sector and resource dependence; classification of the identified channels of the “resource curse of the financial sector”.

Methods. This article is based on the analysis and systematization of existing empirical and theoretical studies in the field of “resource curse of the financial sector” and related areas. The author used the methods of synthesis, generalization, classification and system analysis.

Results. The description of possible channels of resource dependence influence on financial development has been carried out. The channels of “resource curse”, investment and savings, “Dutch disease”, volatility, human and social capital, “interest groups”, institutional channels are considered. The identified channels of the “resource curse of the financial sector” (or channels of the influence of resource dependence on the state of the financial sector) include a different set of chains of cause-effect relations. Some channels (the “resource curse” channel, channels related to the “Dutch disease”, etc.) involve explanations of the “resource curse” affecting the processes of economic growth and the resource curse hypothesis itself. Such channels are classified as specific. Depending on the nature of the impact of resource endowment on the state of the financial sector, three groups of channels are identified: “resource curse”, “conditional resource curse” and “resource blessing”.

Conclusions. The hypothesis of “resource curse of the financial sector” can be considered as an element of a comprehensive approach to analyzing the peculiarities of the functioning of the economy under conditions of resource dependence. One of the formulations of this hypothesis assumes a relatively lower level of financial development, at which structural changes occur in the financial sector of countries specializing in the production and export of natural resources. The nature of the channels identified allows us to argue that only under a certain set of conditions the “resource curse of the financial sector” can occur, in which the fact of resource dependence of the economy or its consequences is a constraint for the development of the financial sector. The introduced channels need empirical verification. The developed classification of channels of “resource curse of the financial sector” can serve as a starting point for such an analysis.