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The article describes the organization of financial relations in the economy. The main attention is paid to the role of the government in the financial relations regulation with the aim to reduce the economic threat. Russia financial policy is described and the financial market situation is characterized. The author determines the ways of their improvement and development.

The Article in question highlights thepreconditions and consequences for theRussian banking sector of the Country’s WTO entry. It assesses the functioningof the Banking sector under these conditions of WTO membership and suggests the possible direction of its development.