Scholarly record
SHADOW ECONOMY IN OIL AND GAS INDUSTRY AS THREAT TO RUSSIA-S ECONOMIC SECURITY: ISSUES AND OPTIONS
Abstract
The article assesses the size of the shadow economy of the Russian oil and gas industry. The article addresses factors in the shadow economy emergence and development in the oil and gas sector. The article justifies methods fighting the phenomenon. The article proposes a system of measures reducing the size of the shadow economy in the oil and gas sector and its impact on the economy of Russia. It has been proven that amid the crisis caused by the COVID-19 pandemic and political and economic sanction pressure of Europe and the USA, revenues from the shadow economy in the oil and gas sector remain one of the main potential sources for replenishing the federal budget, considering the state mobilization policy. High priority measures fighting the shadow economy in the industry are a more flexible fiscal policy and the oil and gas market liberalization. The following methods were used for the research: the economic-statistical method, economic analysis, methodology of the system analysis of socio-economic phenomena and processes. Results of the study can be used by state authorities for developing measures reducing the shadow economy in the oil and gas sector and minimizing its impact on the economy of Russia.
Publication Impact Profile
- Citations
- Scopus - Citation Indexes: 3
- Captures
- Mendeley - Readers: 1
Publication details
References15
Bobyrev V V 2011 Shadow Economy in Industry: Problem Analysis, Mechanisms of Counteraction
Krylov A A, Bolt Yu A, Kuznetsov A G 2019 Main Trends and Extent of Criminalization of Economy in CIS Member States 74
Cherepovitsyn A, Tsvetkova A, Komendantova N 2020 Approaches to Assessing Strategic Sustainability of High-Risk Offshore Oil and Gas Projects Journal of Marine Science and Engineering 8(12), 1–31
Goman I V 2019 Development of Dialogue Skills in Foreign Language in Comparing of Oil Benchmarks Journal of Physics: Conference Series 1384(1) 012013
Artemyev N V, Latov Yu V, Naumov Yu G 2018 Criminalization of Economy and Economic Safety of Russia
Vasilev Y, Tsvetkova A, Stroykov G 2020 Sustainable Development in Arctic Region of Russian Federation International Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management, SGEM, 2020 763–769
Ilyushin Y, Afanaseva O 2020 Modeling of Spatial Distributed Management System of Preliminary Hydro-Cleaning Gasoline Steam Column International Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management, SGEM, 2020 531–538
Ponomarenko T, Nevskaya M, Marinina O 2020 Assessment of Applicability of Sustainability Measurement Tools to Resource-Based Economies of Commonwealth of Independent States Sustainability Switzerland 12(14), 5582
Dmitrieva D, Romasheva N 2020 Sustainable Development of Oil and Gas Potential of Arctic and its Shelf Zone: Role of Innovations Journal of Marine Science and Engineering 8(12) 1–18…12
Stetsyunich Y, Busheneva Y, Zaytsev A 2019 Framing Public Financial Policy: Transforming Classic Concept in Time of Digitalization ACM International Conference Proceeding Series, Proceedings of the International Scientific Conference on Innovations in Digital Economy St. Petersburg art. no. 3373289
Evolution of Taxation in Oil and Gas Industry Retrieved from: https://1economic.ru/lib/111163
Litvinenko V S, Tsvetkov P S, Dvoynikov M V, Buslaev G V 2020 Barriers to Implementation of Hydrogen Initiatives in Context of Global Energy Sustainable Development Journal of Mining Institute 244(4) 428–438 16
Ilyushin Y, Afanaseva O 2020 Development of Spatial-Distributed Control System for Preparation of Pulse Gas International Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management, SGEM, 2020 475–482
Resolution of Government of Russian Federation #1697 – r dated 16 August 2018 Retrieved from: https://mintrud.gov.ru/docs/government/rasp/1284
Third Gas Directive of European Union Retrieved from: https://neftegaz.ru/stories/325434-gazovaya-direktiva-es-tretiy-vitok-energeticheskoy-bezopasnosti-evropy/
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.