Economic problems and prospects for using mining for the development of the Russian economy

Alexey Tebekin; Valery Petrov

doi:10.52957/2221-3260-2026-6-59-75

JEL D53 JEL G17 JEL G23 JEL G32 JEL O16

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ECONOMIC PROBLEMS AND PROSPECTS FOR USING MINING FOR THE DEVELOPMENT OF THE RUSSIAN ECONOMY Economic problems and prospects for using mining for the development of the Russian economy

АА Аа

Published in Theoretical economics · Issue 6 · Pages 59–75 · Rubric: NEW INDUSTRIALIZATION: THEORETICAL AND ECONOMIC ASPECT

DOI: https://doi.org/10.52957/2221-3260-2026-6-59-75

Received: 01.06.2026 Accepted: 30.06.2026 Published: 30.06.2026

Authors

Alexey Tebekin

ORCID

Valery Petrov

ORCID SPIN

Alexey Tebekin

Academic degree: doctor of economic sciences ; doctor of technical sciences

Science rang: professor

Moskovskiy gosudarstvennyy universitet imeni M. V. Lomonosova Russian Federation · Moscow

INSTITUTE FOR ADVANCED TRAINING OF EXECUTIVES AND SPECIALISTS Russian Federation

Federal State University of Education Russian Federation

Academy of Labour and Social Relations Moscow

ORCID

Valery Petrov

Academic degree: candidate of economic sciences

Moscow International University Russian Federation · Moscow

ORCID SPIN

ABSTRACT

The relevance of this study is determined by the fact that cryptocurrency mining has rapidly entered the country’s economic life. As is often the case, the rapid development of certain technologies requires legislative action to regulate activities related to these technologies. In August 2024, the Russian Federation adopted Federal Law No. 221-FZ «On Amendments to Certain Legislative Acts of the Russian Federation» (the Mining Law), which legalized cryptocurrency mining and created an institutional framework for its regulation. By the beginning of 2026, the country had established a year-and-a-half of law enforcement practice, allowing for a comprehensive economic assessment of the consequences of legalization, which determined the choice of research topic and the formulation of its theme. The objective of this research is to conduct a comprehensive economic assessment of the consequences of the implementation of mining legislation (2024–2026), evaluate actual and projected quantitative indicators for the fourth quarter of 2025 and as of early 2026, and develop practical scenarios for the use of legalized mining as an element of Russia’s economic development. The scientific novelty of the obtained results lies in the integration of institutional analysis with macroeconomic and energy modeling to assess the fiscal, currency, and multiplier effects of mining legalization. A formal model of the budget effect is proposed, taking into account cross-border restrictions and sanctions pressure. For the first time, based on official data from the Federal Tax Service of Russia for 2026, an assessment of the tax potential of the industry was conducted using a methodology for separate accounting of fiscal revenues and taking into account planned penalties for illegal activity. The practical significance of the obtained results lies in their potential for use in solving economic problems and realizing the potential of mining for the development of the Russian economy.

KEYWORDS

economic problems, prospects of use, cryptocurrency mining, development of the Russian economy, fiscal effectiveness, scenario analysis

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Tebekin A. V., Petrov V. S. Economic problems and prospects for using mining for the development of the Russian economy // Theoretical economics. 2026. no. 6. pp. 59-75. DOI: https://doi.org/10.52957/2221-3260-2026-6-59-75. (Date of access 25.10.2026).

MLA

Alexey Tebekin, Petrov V. S.. "Economic problems and prospects for using mining for the development of the Russian economy." Theoretical economics.6 (2026): 59-75. DOI: https://doi.org/10.52957/2221-3260-2026-6-59-75.

APA

Tebekin A. V., Petrov V. S. (2026). Economic problems and prospects for using mining for the development of the Russian economy. Theoretical economics(6), 59-75. https://doi.org/10.52957/2221-3260-2026-6-59-75

Chicago

Alexey Tebekin, Petrov V. S.. "Economic problems and prospects for using mining for the development of the Russian economy." Theoretical economics, no. 6 (2026): 59-75. https://doi.org/10.52957/2221-3260-2026-6-59-75.

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{{cite journal | author = Tebekin A. V., Petrov V. S. | title = Economic problems and prospects for using mining for the development of the Russian economy | journal = Theoretical economics | year = 2026 | issue = 6 | pages = 59-75 | doi = 10.52957/2221-3260-2026-6-59-75 }}

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ECONOMIC PROBLEMS AND PROSPECTS FOR USING MINING FOR THE DEVELOPMENT OF THE RUSSIAN ECONOMY Economic problems and prospects for using mining for the development of the Russian economy

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