Management of international reserves of the Bank of Russia and the national economic security
Importance This article deals with the issues of development of the concept of management of international reserves, including the monetary ones of the Russian Federation in the context of ensuring the national economic security.  Objectives The article aims to assess the factors influencing the economic stability of the Russian Federation in order to manage Russia's international reserves.  Methods To investigate various tools and methods of management of the international reserves of the Bank of Russia and directions of less risky placement of foreign-currency and gold reserves, we used the methods of comparative and statistical analyses.  Results The article proposes a new classification of risks of investment in the Bank of Russia's international reserves, and it defines the structural and private risks of management of international reserves under the conditions of economic sanctions. As well, the paper develops an adjusted policy of investment of the international reserves of the Bank of Russia, providing a classification of investment in securities in accordance with the credit rating.  Conclusions and Relevance Taking into account the principles, criteria and safety mechanisms used, the Bank of Russia rationally regulates currency, credit and country risks in the process of managing foreign exchange reserves, including investments in dollar stocks. The results of the research can be applied in the practical activities of the Ministry of Finance and Central Bank of the Russian Federation.