The article is devoted to the study of the international investment position (IIP) of the Russian Federation in the period 2019-2025 (with a total for the beginning of 2026) in the context of increasing sanctions pressure from Western countries, the withdrawal of Western companies from the Russian market, the freezing of sovereign Russian assets and other threats and risks to economic security. The purpose of the study is to analyze the MIP of Russia in the context of current threats and risks, identify changes in its structure, identify the main vulnerabilities of the MIP and the economic security of the country, substantiate the directions of development and improvement of the state investment policy. The object of the study is the Ministry of Finance of Russia as a system of indicators of the country's external financial assets and liabilities. The subject of the study is the dynamics and structural transformations of Russia's net international investment position under sanctions pressure, as well as the factors determining its changes. The research is based on a general scientific methodology that includes systematic, institutional, and comparative analysis, as well as descriptive statistical methods. Its empirical basis was statistical data from the Bank of Russia and international organizations. The relevance of the research topic is determined by the large-scale transformation of Russia's investment position under the influence of these factors, which significantly and not for the better affected the content of the country's MIP, while its formal significance creates the illusion of strengthening the investment position. This situation may be regarded as paradoxical, and requires research and scientific understanding. As a result of the conducted research, it was concluded that the key problem is not the formal significance of the MIP, which demonstrates an upward trend, but qualitative changes in the country's international investment cooperation. The external and internal factors of the formation of the MIP are systematized, the threats to the country's economic security caused by the deformation of the international investment balance are classified, the directions of improving the state investment policy within the framework of a multi-vector approach are substantiated, and scenarios for the further development of the dynamics of the MIP of Russia are presented.
Ilya Igorevich Akkhuzin (Sun,) studied this question.