DEVELOPMENT OF THE NATURAL DISASTER RISK FINANCING SYSTEM IN RUSSIA

Abstract

As part of the study, the basic terminology on this issue has been studied. In particular, the concept of catastrophic risk is considered, and the main types of natural hazards are identified and classified. The review of the legal framework made it possible to identify the main legislative acts regulating the disaster risk financing system in Russia. The study of the elements of the financing system for such risks made it possible to analyze the conditions for the implementation of state payments because of disasters and draw appropriate conclusions. The author analyzes the dynamics of changes in the number of victims because of catastrophic events. Studies have also been conducted on changes in the number of natural disasters in the federal districts of the Russian Federation and the regions most affected by extreme natural phenomena have been identified, the most relevant examples are given. As a result of studying the ways of financing disaster risks in Russia at the present stage, insurance programs are considered and their connection with budget payments is revealed. Thus, the relevance of the use of state programs for the organization of compensation for damage from catastrophic natural phenomena using insurance tools is justified.