Foreign policy in the context of modern geopolitics and its impact on the work of transnational companies in Russia

¹ Taganrog Institute of Management and Economics, Taganrog, Russia
² Don State Technical University, Rostov-on-Don, Russia

^* Corresponding author: orgahovskaya2@yandex.ru

Abstract

The purpose of the present research paper is to make a comprehensive analysis of the Russian foreign policy activities in terms of potential risks and possible consequences of termination, suspension of transnational companies’ activities for the Russian economy. The foreign policy of the Russian Federation makes it possible to set due priorities, define proper formats and set the course for the entire foreign policy of the state, which undoubtedly requires proper organisational and legal institutionalisation. This is why exploring the operation of transnational companies in Russia is extremely important in the current geopolitical environment which is presently being formed with a focus on the sanctions-related pressure against our state on the part of unfriendly countries. The present essay considers the statistical data on foreign multinationals that have left Russia and the measures taken by the Russian government towards adaptation and designing a due economic policy course in the conditions of market economy. The research brought the authors to a substantiated conclusion that foreign policy activities are directly and closely connected with the work of transnational corporations; therefore, the competent internal policy of the Russian Federation will enable the society and corporate entities to adapt to the new realities and to pursue the desired foreign policy activities in the country’s interests, avoiding pressure from unfriendly countries.