Development of the Investment Climate in the Russian Federation against the Background of Political and Economic Sanctions

Abstract

The stability of the national economy is dependent on the investment climate. The purpose of the study is to identify prospects for improving the investment climate in Russia by taking into account the level of influence of investments in individual sectors of the national economy on the change of their share in the structure of the GDP of the country. In order to achieve the purpose of the study, the authors set the following tasks: to analyze the dynamics of investment in equity between forms of ownership, sources of financing and key industries; to examine the changes in the volume and share of shipped goods of their own production, performed works and services in GDP between key sectors of the country. In the paper used different methods such as intellectual data analysis, statistical analysis methods, data dynamics analysis and general scientific analysis tools. In the paper shown that fixed capital investment had a sustainable trend of growth, which was based mainly on Russian sources, while foreign and joint investment remained virtually unchanged. It was not possible to trace a direct correlation between the volume of investment and the change in the share of shipped goods of own production, completed works and services in the key sectors of the economy. One of the reasons for this could be the lack of certainty about the timing for which the effect of the investment should appear, as large-scale investments do not produce immediate effects. It was concluded that the situation in the Russian economy is unstable, which does not allow to ensure a stable influx of foreign direct investment, and this, in turn, negatively affects the formation of capacity for the transition of the national economic system to a new technological system.

Keywords

• investments
• sanctions pressure
• sectoral structure of the economy
• economic growth
• investment structure
• investment climate