ANALYSIS OF FINANCIAL MARKET INSTRUMENTS IN RUSSIA

The study is devoted to a comprehensive analysis of the instruments of the Russian financial market, with an emphasis on advanced capital raising mechanisms – Initial Coin Offering (ICO) and Initial Public Offering (IPO). The main goal is to assess the current state and growth potential of the stock market in the context of the digitalization of the economy and new economic constraints. The work includes an in-depth comparative analysis of these tools, based on data from 2016 to 2020.

The research uses classical economic methods, in particular analysis and synthesis, as well as an inductivedeductive approach. The result was a set of evaluation criteria that allow us to describe the dynamics and effectiveness of the stock market. The developed methods demonstrate the impact of digitalization on transparency and accessibility of the stock market for private investors.

The identified trends and proposed measures to improve the infrastructure of the stock market contribute to its further development, strengthen the country's economy and increase the attractiveness of the market for investors. The research makes a significant contribution to the theory of financial markets and can serve as a basis for the development of long-term strategies for government regulation and market risk management.

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