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Actual Problems of Business in Russia

  • V. F. NitsevichEmail author
  • V. V. Moiseev
  • V. V. Stroev
  • O. A. Sudorgin
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 138)

Abstract

In the face of Western sanctions, a sharp drop in prices for oil and other commodities, Russia has found itself in a difficult political and economic situation. President Putin, addressing the Federal Assembly on March 1, 2018, paid special attention to the importance of the economic development of our country, pointing out not only the shortcomings that existed, but also defining the main directions of work for the next six-year term in this field. To this end, V. Putin offered to “support high-tech companies in every possible way, build a favorable environment for start-ups, for the rapid introduction of new developments into production,” and create a convenient infrastructure, comfortable tax regimes, and protect intellectual property. “These and other measures, according to the president, will help accelerate the processes of re-industrialization in our country, will stimulate economic growth.

To ensure sustainable economic growth, the president proposed to increase investments to 25 percent of GDP and direct them, first of all, to modernization and technological re-equipment of industries, renewal of industry. “We need to ensure the highest dynamics here, to reach a level where on average every second enterprise carries out technological changes during the year,” the head of state said. “That’s when the economy and industry will be renewed [1].

To fulfill these and other tasks which the head of state set out in a message to the Federal Assembly in March 2018 to increase the pace of Russia’s socioeconomic development joint efforts of the authorities and business will be required. It is known that business is able to develop its production, build new plants only where favorable conditions are created. However, the practice shows that the necessary conditions for business have not yet been created in Russia. This research is devoted to unresolved problems in this sphere.

Keywords

State policy of reindustrialization Western sanctions Raw materials economy Import substitution 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • V. F. Nitsevich
    • 1
    Email author
  • V. V. Moiseev
    • 2
  • V. V. Stroev
    • 3
  • O. A. Sudorgin
    • 1
  1. 1.Moscow Automobile and Road State Technical UniversityMoscowRussia
  2. 2.Shukhov Belgorod State Technological UniversityBelgorodRussia
  3. 3.Kutafin Moscow State Law University (MSAL)MoscowRussia

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