Specifics of criminal (civil) liability for economic offenses

The relevance of this paper is conditioned upon the need to due attention has not been paid in legal science to the concept of "extortion" as a category of criminal law, and therefore there is an urgent need to investigate the concept of "extortion" and its place in the system of criminal law norms, as well as to disclose the concept of "extortion". In this regard, this paper examines the various interpretations of criminal offenses stemming from economic transgressions. While economic relations generally do not lead to criminal law relations, all crimes and punishments are interconnected and have consequences in economic relations. The study focuses on extortion as a result of financial misconduct, defining it as a component within the criminal process that emerges from economic offenses. The definition of "extortion," its criminal aspect, and its overall role within the criminal law structure are analyzed. The study used a combination of qualitative research methods, in particular, a comprehensive literature review, historical analysis, and comparative legal analysis. The conclusion has been made that extortion should be regarded not only as a criminal punishment but also as an involuntary act occurring within the economic relations system. Extortion is identified as a preventive measure concerning other unlawful norms in economic relations. The prevention of extortion is found to be dependent on the comprehensive examination of specific types of economic relations and the structure of countermeasures at the legislative prohibition level. The article determines the position of extortion within the system of criminal law relations and establishes the principles of response, thereby providing a more coherent and comprehensible understanding of the subject.