Financial instruments to counter the exploitation of natural resources

Abstract

Currently, the financial activities of the state cover all areas of the country's economic activity, including all monetary relations between all entities producing tangible and intangible assets within the country and foreign countries, as well as interstate relations and with all international funds. The state’s implementation of financial activities is aimed at its own provision of financial resources to fulfill its most important tasks: creating a material and technical base for the education and systematic increase of the “middle stratum” of society, increasing the material and cultural standard of living of the civilian population, ensuring the economic and military security of the country, promoting the strengthening of international cooperation. The exploitation of natural resources is seen as one of the ways in which terrorist organizations control and hold territory. This issue also relates to how terrorist organizations finance themselves through criminal activities and possible links to organized crime groups. Such criminal activities include extortion, smuggling, theft, illegal mining, kidnapping for ransom, corruption and environmental crimes. Since the main sources of extremism and terrorism are unresolved, constantly growing social contradictions and intertwined with them negatively influencing social processes, phenomena or conflicts in certain spheres of public life. And addressing the issues of countering the financing of terrorism today is the most important in the modern world.

Keywords

• financial activity of the state
• exploitation of natural resources
• countering the development of terrorism
• economic synergy of law