Modernization of state regulation of international trade within the context of Russia’s foreign policy implementation

This article examines the transformation of state-legal regulation in international trade within the context of contemporary realities and the geopolitical environment. In turn, the foreign policy activities of a state ensure the implementation of priority directions in foreign policy, allocation of resources for its implementation, strategy and tactics of interaction between external and internal factors that influence the system of specific international relations, including their legal framework. In light of this, the objective of this research work is to conduct a comprehensive analysis of state regulation regarding potential risks and possible adverse consequences of international trade for the domestic economy. Therefore, the study of state regulation of international trade and its aspects of modernization in the context of contemporary geopolitical processes becomes important and significant not only for Russia but also for foreign countries, both those displaying unfriendly behavior and exerting sectional pressure, as well as new partner states with which robust foreign economic ties are being established. Based on the research, a well-founded conclusion has been drawn that foreign policy activities are directly and closely linked to state-legal regulation of international trade. Therefore, a sound internal policy of Russia will enable it to reap benefits and pursue an independent foreign policy course, avoiding external pressures.