Prospects for digitalization of sustainable development projects in the Russian Federation
Green bonds have become the most notable innovations in the field of sustainable financing over the past 10 years. The article discusses the problems of issuing and circulation of such financial market instruments, examines the opportunities that modern financial technologies provide for the develop...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2023-06-01
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| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/4426 |
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| author | I. V. Pashkovskaya B. B. Rubtsov N. A. Amosova O. S. Rudakova |
| author_facet | I. V. Pashkovskaya B. B. Rubtsov N. A. Amosova O. S. Rudakova |
| author_sort | I. V. Pashkovskaya |
| collection | DOAJ |
| description | Green bonds have become the most notable innovations in the field of sustainable financing over the past 10 years. The article discusses the problems of issuing and circulation of such financial market instruments, examines the opportunities that modern financial technologies provide for the development of this market segment. Technologies for investing in green bonds and sustainable development bonds remain burdensome and technologically complex, as they involve going through many stages and attracting a significant number of participants. In addition, to date, there has not been a liquid and transparent market for retail investors, and economic sanctions against Russia cut off the country from the financial markets of other countries for an indefinite time. However, the tools of sustainable development can now be successfully applied if innovative technologies such as blockchain technologies, smart contracts, the Internet of things and digital assets are used. The purpose of the study is to formulate recommendations for the progress of the sustainable development system in Russia, as well as to propose a mechanism for the tokenization of sustainable development bonds to attract and place funds from small investors in order to solve social and environmental problems of the Russian economy. |
| format | Article |
| id | doaj-art-f6feea19f4f54c1cbe182f3bccc4d158 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2023-06-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-f6feea19f4f54c1cbe182f3bccc4d1582025-02-04T08:28:16ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152023-06-0104404810.26425/1816-4277-2023-4-40-482755Prospects for digitalization of sustainable development projects in the Russian FederationI. V. Pashkovskaya0B. B. Rubtsov1N. A. Amosova2O. S. Rudakova3Financial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationGreen bonds have become the most notable innovations in the field of sustainable financing over the past 10 years. The article discusses the problems of issuing and circulation of such financial market instruments, examines the opportunities that modern financial technologies provide for the development of this market segment. Technologies for investing in green bonds and sustainable development bonds remain burdensome and technologically complex, as they involve going through many stages and attracting a significant number of participants. In addition, to date, there has not been a liquid and transparent market for retail investors, and economic sanctions against Russia cut off the country from the financial markets of other countries for an indefinite time. However, the tools of sustainable development can now be successfully applied if innovative technologies such as blockchain technologies, smart contracts, the Internet of things and digital assets are used. The purpose of the study is to formulate recommendations for the progress of the sustainable development system in Russia, as well as to propose a mechanism for the tokenization of sustainable development bonds to attract and place funds from small investors in order to solve social and environmental problems of the Russian economy.https://vestnik.guu.ru/jour/article/view/4426esgsustainable developmentfinancinggreen bondsblockchainsmart contractsdigital financial assets |
| spellingShingle | I. V. Pashkovskaya B. B. Rubtsov N. A. Amosova O. S. Rudakova Prospects for digitalization of sustainable development projects in the Russian Federation Вестник университета esg sustainable development financing green bonds blockchain smart contracts digital financial assets |
| title | Prospects for digitalization of sustainable development projects in the Russian Federation |
| title_full | Prospects for digitalization of sustainable development projects in the Russian Federation |
| title_fullStr | Prospects for digitalization of sustainable development projects in the Russian Federation |
| title_full_unstemmed | Prospects for digitalization of sustainable development projects in the Russian Federation |
| title_short | Prospects for digitalization of sustainable development projects in the Russian Federation |
| title_sort | prospects for digitalization of sustainable development projects in the russian federation |
| topic | esg sustainable development financing green bonds blockchain smart contracts digital financial assets |
| url | https://vestnik.guu.ru/jour/article/view/4426 |
| work_keys_str_mv | AT ivpashkovskaya prospectsfordigitalizationofsustainabledevelopmentprojectsintherussianfederation AT bbrubtsov prospectsfordigitalizationofsustainabledevelopmentprojectsintherussianfederation AT naamosova prospectsfordigitalizationofsustainabledevelopmentprojectsintherussianfederation AT osrudakova prospectsfordigitalizationofsustainabledevelopmentprojectsintherussianfederation |