The purpose of the study is to demonstrate the management issues at the macroeconomic level, the solution of which is proposed on the basis of a structural approach taking into account feedbacks as applied to the Russian economy. The “Covid” world economic crisis has had a strong impact on the development of many countries, providing a decline in GDP and the level of welfare of the population. It had a completely different cause than the previous financial and economic crises, spreading its influence into the institutional field, significantly transforming the rules of behavior of economic agents.
The methodological basis for the research is the theory of technological structures, the theory of the systems management, empirical and structural analysis of economic changes, regressive analysis based on the Gretl2020b software module. As the main result, it was concluded that the formation of a new growth model for the Russian economy may adversely affect the achievement of other important development goals, manifesting in the poverty and inequality level. The matter is that it is not growth itself that conflicts with those goals, but the mode of economic dynamics, that is, the magnitude of the growth rate. Though such a conflict developed before the “Covid” crisis, but it may well have a negative impact on social indicators of the development. The reason is seen in the following: the existing economic structure will be able to create high dynamics only due to a certain combination of factors and conditions, giving rise to a development model when a high growth rate is combined with an increase in the inequality or poverty. Therefore, the formulation of the structural development tasks in the form of stimulating the fifth and sixth technological modes involves taking into account the feedback not only with growth, but also with other goals of economic development.
Thus, structural and institutional factors of growth are the central instruments for influencing economic dynamics. The prospect for the study is the task of finding out the influence weight of those instruments in relation to the classical monetary and fiscal policy.

The article is devoted to the selection of exchange-traded funds for their subsequent inclusion in the investment portfolio. The authors have developed an algorithm for conducting a comparative analysis of the behavior of an exchange-traded fund with the selected anchor indicator. An anchor can be any commodity or index that has a time series of prices and demonstrates the desired behavior for the investor. The article considers monetary gold and the CRB commodity futures price index as anchors. The behavior of the exchangetraded fund and the anchor is compared by analyzing the phase portrait of the relational series, constructed as the ratio of the concerted price series of the selected fund and the anchor. The authors also developed rules for decisionmaking, on the basis of which it is possible to draw a conclusion about the suitability or unsuitability of an exchange-traded fund for possible investments. The risks associated with each exchange-traded fund can be assessed indirectly through the relationship of its behavior with the selected anchor. The task of forming a portfolio based on the selected exchange-traded funds is solved separately and is not the subject of conducted study. The presented approach of investment analysis allows one to make a choice of the investment object and can be used by private and institutional investors.

The article investigated the today dynamics and main issues of the Russian modern banking system development. A description of the essence and role of the banking system is given. The structure of the modern banking sector of Russia is considered. The banking system is at the forefront of the institutional framework. At the same time, the credit system has a more comprehensive concept than the banking system, which includes only a set of banks operating in the country. The integrity of the banking system is determined by systems of banking structures that determine its specificity and that carry the banking system properties.
The author analyzes indicators characterizing the Russian banking sector.
As a rule, in the course of the banking system development it always is influenced by many macroeconomic factors among which the degree of development of commodity-monetary relations, social economic order, social orientation and purpose, a number of legislative foundations and acts and the general concept of the bank’s role in the economy have a significant impact. Further prospects are assessed and possible measures for the development of the Russian banking system are formulated.

The article reveals the need to promote e-commerce as a promising direction for the development of entrepreneurship in Russia. The coronavirus pandemic impact on the e-commerce market is assessed and the factors for increasing the sustainability of a business when going online are substantiated. The most significant channels for promoting e-commerce are identified.

The growing popularity of crowdsourcing in the last decade is due to the fact that it is a fairly effective tool for creating innovative products and progressive business development. Using crowdsourcing, entrepreneurs successfully optimize the activities of their companies, promote products and services, and attract qualified personnel for their activities.
Despite the significant computerization and automation of business processes taking place on the Internet, the value of human capital, nevertheless, remains at a high level. In fact, without human participation, the implementation of successful entrepreneurial, and even more innovative activities on the Internet is not possible. To run a successful Internet business, one needs to use new, interesting ideas. With the help of crowdsourcing, getting such ideas and bringing new projects to life becomes possible. Every year, more and more different Internet platforms appear on the Internet, many of which are sites for the extraction and processing of data using the Internet users. That opens up both broad opportunities for a business that works with large volumes of information and raises the question of attracting highly qualified workers to the activities of companies.

The article considers the goals for creating the international cartels, cartel agreements and the reasons for restraining their activities on the part of States. It describes the damage that can be caused by cartels to the end products (services) user, as a rule, unaware of the existence of the price collusion between the parties to cartel agreements regarding the production, sale and after-sales service of such products. A brief history of the international cartels creation and functioning and law enforcement practices restricting their activities is presented. At the same time, the authors draw on the experience of the USA and EU member states, where the vast majority of major industrial multinational corporations are registered, which, due to their size, are more inclined to conclude cartel agreements and monopolize the market in comparison with other participants. It shows the forms and particular provisions of the cartel agreements of enterprises in the various industries and activity spheres, possible schemes and ways of suppressing fraudulent actions of participants in cartel agreements, as well as the communication types and exchange of the trade, industrial and financial information of the cartel members, including the use of intermediaries.
Examples of the actual cartel collusion cases and their consequences are given. Conclusions are drawn about situations where cartels are useful for the production and international trade development and, as a result, can be temporarily countenanced.

The article contains a comparative analysis of prices for the American LNG and those of PJSC Gazprom in the European gas market under the new conditions of the market disequilibrium and the prospects for the price dynamics development. It is concluded that under the influence of increased competition in the gas markets, Gazprom should adhere to a more flexible policy of diversification in the areas of supplies, pricing methods, etc.

This article reveals the issues of cooperation between Russia and China in the Arctic, and also shows the main potential and prospects for cooperation between Russia and China in the Arctic region. The article considers three main stages of cooperation: China’s accession to the Arctic Council as an observer; the Northern Sea Route as the main access to navigation; access to arctic natural resources-oil and gas.
Following the analysis, it is concluded that cooperation between the two countries will be mutually beneficial, and there will be less ground for disagreements than for interdependent approaches to the development of the Arctic region.

Leading market positions of the country in world shipbuilding strengthens its geopolitical security. The national fleet ensures national economic independence. Therefore, attaining competitive advantages by domestic shipbuilding companies at the country level seems important. The article analyzes the role of innovation in the shipbuilding industry in Russia and China. Despite the great success of Chinese shipbuilders, innovative transformations in both countries are rather associated with the modernization of the manufacture facilities. In the future, the leading position will be captured by the country that applies high-tech solutions in constructing civilian vessels and warships.

The article discusses the normative provisions of paragraph 3 of Art. 1202 of the Civil Code of the Russian Federation, concerning the limitation of powers to conclude transactions on behalf of foreign legal entities, as well as the judicial practice of their application, in legal relationship with the general rules of the Civil Code of the Russian Federation on the legal consequences of a representative’s departure from powers (Article 174 of the Civil Code of the Russian Federation). Based on the above analysis, conclusions are drawn about the trends in judicial practice on the issue and proposals for the legislation improving – the development and adoption of a special law on management activities.

The conversation was held by E.V. Zenkina

The process of financialization gives the modern economy a financial character, forming its special segment of the financial economy – the finansomics, subject to its own laws and increasingly detached from the real (industrial) economy. Finasomics, as noted in the manual, forms a new approach to assessing the effectiveness and efficiency of a business through the use of a capitalization tool.
Analyzing the essence of finance, prof. Avdokushin E.F. identifies three stages in its development from the end of the 50s. in the 20th century up to the crisis of 2008/09. It is on the peculiarities of the development of – the finansomics at these stages that the author of the manual focuses.