Crimea and Sevastopol integration into the Russian Federation: economic and legal aspects
https://doi.org/10.37493/2307-907X.2023.4.10
Abstract
The economic and legal integration of Crimea and Sevastopol into the Russian Federation, in fact, represented a unique experience in lawmaking. For the legislators of the Russian Federation and Crimea, it is crucially important to create a unified legal framework in the areas of healthcare, legal regulation, the education system, the pension system, and the financial and economic system. The problematic aspect is practically up to the present time the functioning of the banking sector. Due to the sanctions, initially there was no competition between banks, which resulted in unreasonably high interest rates on loans and other services. The transition of the banking system from the previously functioning, Ukrainian, to the Russian one was also incredibly difficult. In fact, individuals and legal entities were deprived of a full-fledged banking service in the first six months after joining the Russian Federation.
About the Authors
E. A. Posnaya
Sevastopol State University
Russian Federation
Russian Federation
Elena A. Posnaya – Doctor of Economics, Associate Professor, the Department of Management and Business Analytics
33, Universitetskaya str., 299053, Sevastopol
B. А. Bukach
Sevastopol State University
Russian Federation
Russian Federation
Boris A. Bukach – Candidate of Economic Sciences, Director of the Institute of Finance, Economics and Management
(33, Universitetskaya str., 299053, Sevastopol
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Review
For citations:
Posnaya E.A., Bukach B.А. Crimea and Sevastopol integration into the Russian Federation: economic and legal aspects. Newsletter of North-Caucasus Federal University. 2023;(4):102-107. (In Russ.) https://doi.org/10.37493/2307-907X.2023.4.10
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