International Financial Center in Moscow as a factor of providing economic security of Russia

Abstract

Russia's relations with the leading Western countries that have escalated in recent times due to the annexation of Crimea to the Russian Federation and the introduction of U.S. and EU sanctions reducing the sovereign ratings of several Russian banks actualize the issue of forming an International Financial Center in Moscow in order to ensure the economic security of Russia. In the article, objective prerequisites and competitive advantages of creation of IFC are considered; mechanisms for increasing infrastructure security of the economy of the megalopolis are offered. The factor analysis of the position of Moscow against other financial centers of the world is given; the necessity and a new economical and financial role of Moscow under current conditions are justified.