Search for new models of the USSR / Russia investment policy during the period of change in the socio-economic formation in the late 1980s - early 1990s

Sukiasyan Asatur Albertovich

The paper deals with the evolution of the investment policy of the USSR / Russia during the period of change in the socio-economic formation in the late 1980s - 1991. The author examines the influence of the changing world economic and geopolitical situation on the implementation of the Soviet state credit policy both in relations with the socialist countries of Eastern Europe and in relation to the capitalist states of the West (USA, Canada, Japan, European countries). The research focuses on the analysis of the institutionalization of financial and economic cooperation between the Soviet Union and Western countries in the 1960-1970s, the formation of the first representative offices of foreign banks in the USSR. The article shows the process of transition of Russian financial institutions to new principles of management in a free market and based on the concept of a liberal economy. The author comes to the conclusion that the investment policy of the transition period of the USSR / post-Soviet Russia has become a significant factor in the activation of transformation processes in the country.

Keywords:The USSR investment policy, Russia, USA, Europe, CMEA, International Bank for Economic Cooperation, "perestroika", liberal economy, Russian reforms of the 1990s.