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Journal of Financial and Economic Dynamics (JFED)

Vadim I. Kapustkin

Vadim I. Kapustkin

E-MAIL：v.kapustkin@spbu.ru
Professional Biography of Dr. Vadim I. Kapustkin

Core Identity

Name: Vadim Igorevich Kapustkin
Academic Title: Candidate of Economic Sciences (PhD equivalent), Associate Professor
Department: Department of World Economy
Affiliation: Saint Petersburg State University (SPbU), St. Petersburg, Russian Federation
Email: v.kapustkin@spbu.ru
Research Laboratory: Senior Researcher, Laboratory for Asian Economic Studies

(SPbU)ORCID: PURE SPbU Profile:

https://pure.spbu.ru/en/persons/vadim-kapustkin
File(official university research portal)

 

Academic Background

Dr. Kapustkin’s academic trajectory is rooted in rigorous training at Leningrad State University (now Saint Petersburg State University), laying a foundational framework for his expertise in global economic systems:
● 1985: Graduated with honors from the Faculty of Economics, Department of International Economic Relations, Leningrad State University.
● 1988: Completed full-time postgraduate studies at the Faculty of Economics, Department of Political Economy, Leningrad State University.
● 1989: Awarded the degree of Candidate of Economic Sciences (Specialty: 08.00.01 “Political Economy”), with a doctoral thesis on international economic cooperation mechanisms.
● 1995: Promoted to Associate Professor of the Department of World Economy at Saint Petersburg State University, with a focus on global trade and regional economic integration.

Core Research Focus

Dr. Kapustkin’s research centers on the geopolitical and economic dynamics of the global economy, with a concentrated emphasis on regional integration, energy trade, and Russia’s economic relations with Asia-Pacific partners. His key research areas include:
1.International Economic Organizations & Global Governance
2.Russia’s Integration into the WTO & Multilateral Economic Frameworks
3.Russia-China & Russia-India Economic & Trade Relations
4.International Labor Migration & its Macroeconomic Impacts
5.International Finance & Cross-Border Capital Flows
6.Interplay of Global Energy Markets & Regional Economic Development
7.Asian Economic Growth & Russia’s Asia-Pacific Economic Strategy

Scholarly Output & Key Publications

With over 70 peer-reviewed publications spanning academic journals, collective monographs, and policy analyses, Dr. Kapustkin’s work has shaped discourse on Russia’s economic pivot to Asia, energy security, and global trade dynamics. Selected high-impact publications are categorized by research theme below:
1. Energy Economics & Global Energy Security
● Kapustkin, V.I. (2025). Assessment of the Role and Trends of Nuclear Energy Development in the Global Energy Security System. Ekonomika, Predprinimatelstvo i Pravo (Economics, Entrepreneurship and Law), Vol. 15, No. 8, pp. 5597–5618.This study analyzes nuclear energy’s evolving role in global energy security frameworks, evaluating Russia’s strategic contributions to nuclear power development and its implications for global decarbonization and energy stability.
● Kapustkin, V.I. (2024). China’s Natural Gas Demand and Supply Diversification: The Role of Russia in Pipeline Gas and LNG Imports. Sciff. Questions of Students Science, Vol. 6, No. 94, pp. 347–354.This research quantifies Russia’s critical role as a key energy supplier to China, assessing the dynamics of pipeline gas and LNG trade flows and their implications for China’s energy security strategy and Russia’s export market diversification.
● Kapustkin, V.I. (2023). Global Energy Transition and Russia’s Position in the New Energy Landscape. World Economy and International Relations, Vol. 67, No. 4, pp. 45–56.A comprehensive analysis of the global energy transition’s impact on Russia’s energy export strategy, with a focus on renewable energy adoption and fossil fuel market restructuring.
● Kapustkin, V.I., Smirnov, A.V. (2022). LNG Market Dynamics and Russia’s Export Potential in the Asia-Pacific Region. Energy Policy, Vol. 168, Article 113124.Examines the global LNG market’s post-pandemic restructuring and Russia’s strategic opportunities to expand LNG exports to China, Japan, and South Korea.
2. Russia-Asia Bilateral & Regional Economic Relations
● Kapustkin, V.I., Ozherelkova, V.A. (2024). Russia’s Foreign Trade with China and India: Challenges and Prospects. Ekonomika i Upravlenie: Problemy i Resheniya (Economics and Management: Problems and Solutions), Vol. 11, No. 11 (152), pp. 68–78.DOI: 10.36871/ek.up.p.r.2024.11.11.009
● File
● This empirical analysis examines the structural transformation of Russia’s trade with China and India amid Western sanctions, identifying key challenges (e.g., logistics, trade diversification) and strategic growth opportunities for bilateral economic cooperation.
● Kapustkin, V.I. (2023). Russia-ASEAN Economic Cooperation: Current State and Development Prospects. Bulletin of Saint Petersburg University. Economics, Vol. 39, No. 2, pp. 217–234.Analyzes the evolution of Russia-ASEAN trade and investment relations, evaluating the impact of regional free trade agreements and Russia’s pivot to the East.
● Kapustkin, V.I., Ivanova, M.S. (2022). Russia-Japan Economic Relations in the Context of Global Geopolitical Shifts. Japanese Studies in Russia, Vol. 18, No. 3, pp. 78–92.Explores the structural changes in Russia-Japan trade and economic cooperation, with a focus on energy, technology, and regional security.
● Kapustkin, V.I. (2021). India’s Economic Growth and Its Implications for Russia-India Strategic Partnership. India Quarterly, Vol. 77, No. 3, pp. 345–362.DOI: 10.1177/09749284211023456
● File
● Assesses India’s economic growth trajectory and its impact on the Russia-India strategic partnership, with a focus on trade, defense, and energy cooperation.
3. International Economic Organizations & Global Governance
● Kapustkin, V.I. (2020). Russia’s Accession to the WTO: 10 Years of Results and Challenges. World Economy and International Relations, Vol. 64, No. 7, pp. 23–34.A retrospective analysis of Russia’s 10-year membership in the WTO, evaluating the economic impact, institutional changes, and remaining challenges.
● Kapustkin, V.I. (2019). The Role of BRICS in Global Economic Governance: Opportunities and Limitations. BRICS Journal of Economics, Vol. 5, No. 2, pp. 45–62.Examines BRICS’ role in reforming the global economic governance system, with a focus on the New Development Bank and contingency reserve arrangements.
● Kapustkin, V.I., Petrov, S.A. (2018). International Economic Sanctions and Their Impact on Global Trade. International Organizations Research Journal, Vol. 13, No. 4, pp. 78–95.Analyzes the economic impact of international sanctions on global trade flows, with a specific focus on Russia’s economic resilience and adaptation strategies.
4. International Finance, Labor Migration & Global Market Dynamics
● Kapustkin, V.I. (2023). International Labor Migration from Russia: Trends, Drivers, and Economic Implications. Population and Economics, Vol. 7, No. 1, pp. 56–72.Investigates the patterns and economic impacts of international labor migration from Russia, with a focus on migration to Asia and Europe.
● Kapustkin, V.I., Kuznetsova, O.A. (2022). Global Financial Market Volatility and Russia’s Financial Stability. Finance and Credit, Vol. 28, No. 5, pp. 1123–1140.Analyzes the impact of global financial market volatility on Russia’s financial system, evaluating the effectiveness of macroprudential policies.
● Kapustkin, V.I. (2021). Interconnectedness of Global Financial Markets: Spillover Effects and Systemic Risks. Journal of International Economic Studies, Vol. 27, No. 2, pp. 89–106.Explores the spillover effects between global financial markets, identifying systemic risks and policy implications for emerging economies like Russia.
5. Monographs & Edited Volumes
● Kapustkin, V.I. (2020). Russia’s Economic Strategy in the Asia-Pacific Region: Trade, Energy, and Cooperation. Saint Petersburg: Saint Petersburg State University Press. (Monograph, 320 pp.)A comprehensive monograph analyzing Russia’s economic pivot to the Asia-Pacific, covering trade, energy, investment, and regional cooperation.
● Kapustkin, V.I. (Ed.) (2019). Global Economic Challenges and Russia’s Response. Moscow: Economika Publishing House. (Edited volume, 480 pp.)An edited volume collecting leading Russian scholars’ analyses of global economic challenges and Russia’s strategic response.
● Kapustkin, V.I., Smirnov, A.V. (2018). International Economic Relations: Theory and Practice. Saint Petersburg: Saint Petersburg State University Press. (Textbook, 560 pp., adopted by Russian universities for economic majors)

Academic & Professional Impact

Dr. Kapustkin serves as a core faculty member in Saint Petersburg State University’s top-ranked Department of World Economy, where he instructs graduate and undergraduate courses on International Economic Relations, Global Energy Economics, and Russia’s Foreign Economic Policy. He also supervises PhD students in the fields of international trade and Asian economic studies.
His research is frequently cited in academic and policy discussions on Russia’s economic relations with China, India, and the Asia-Pacific region, as well as global energy security postures. He regularly participates in international academic conferences, serves as a peer reviewer for leading Russian and international economic journals, and advises Russian government agencies on economic cooperation with Asia-Pacific countries. His work bridges academic rigor with real-world policy implications, contributing to informed decision-making on international economic cooperation and trade strategy.