Transformation of Foreign Economic Relations of the Border Regions of the Russian Federation in the Conditions of Geopolitical and Geo-Economic Turbulence

Abstract

In the context of the harsh economic anti-Russian sanctions of the West, the military-political situation in the world and, as a result, the reduction of interstate contracts of the Russian Federation with unfriendly countries, the study of the transformation of foreign economic relations not only in the country as a whole, but also in the border regions in particular, is of particular importance. Where interstate dialogue is stagnating, especially with neighboring states, it is very important to find new contacts and establish alternative foreign trade relations. Considering the relevance of the problem under study, despite the available scientific research, the issue of the transformation of foreign economic relations of the border regions of the Russian Federation in the conditions of increasing geopolitical and geo-economic turbulence has not been fully worked out and requires more careful study. The purpose of this study is to identify the origins and features of the processes of transformation of the development of the border regions of the Russian Federation in foreign economic activity in connection with cardinal changes in the world economy. The research is based on a systematic approach, which led to the use of general scientific methods (dialectical logic, induction, deduction, analysis and synthesis), as well as economic and mathematical, comparative, dynamic research methods, correlation and regression analysis. In the course of the study, the authors analyzed the place of the Russian Federation in the world economy, both in terms of nominal GDP and purchasing power parity, as well as in terms of resource and production potential; the dynamics of the country's foreign trade turnover was investigated; the vectors of the direction in changing the geography of strategic partnership from unfriendly countries to friendly ones are determined; the foreign trade turnover of border regions is analyzed and its relationship with the growth of the gross regional product is determined; the foreign trade activity of border regions bordering friendly and unfriendly countries is investigated; the features of cooperation of border regions and trends in its development with neighboring states are revealed. Due to the political situation in the world and the strengthening of anti-Russian sanctions, special emphasis was placed by the authors on the analysis related to the strengthening of cooperation between the border regions with China. The results of the study made it possible to identify the origins and directions of the processes of transformation of foreign economic relations of the border regions of the Russian Federation and to determine their further guidelines aimed at increasing the development of foreign trade volumes, both within the border regions and the country as a whole.