Strengthening Support for Domestic Production as a Factor of Minimizing the Negative Consequences of Sanctions Pressure on the Economic System of the Russian Federation
Research Article
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Pirmagomed Shikhmagomedovich Shikhgafizov
Financial University under the Government of the Russian Federation
ogni.07@mail.ru
Elibrary Author_id 541239
- Ekaterina Alekseevna Kotova Financial University under the Government of the Russian Federation e.kotova.a@yandex.ru
- Anna Sergeevna Goloborodova Financial University under the Government of the Russian Federation a.s.goloborodova@mail.ru
How to CiteShikhgafizov P.S., Kotova E.A., Goloborodova A.S. Strengthening Support for Domestic Production as a Factor of Minimizing the Negative Consequences of Sanctions Pressure on the Economic System of the Russian Federation. Vlast’ (The Authority). 2023. Vol. 31. No. 4. P. 138-144. DOI: https://doi.org/10.31171/vlast.v31i4.9704Abstract
Within the framework of this scientific work, the authors study aspects that reflect the role of various actors in strengthening support for domestic production. Sanctions pressure gives particular relevance to the chosen topic, as a result of which the participants of the Russian economic system are forced to deal with the negative consequences of sanctions pressure. The authors show the main actors supporting small and medium-sized businesses, and carry out an analysis of each of them. Based on the data obtained, recommendations were formed to strengthen support for domestic production in the face of sanctions pressure. The development of domestic production is part of the import substitution strategy, which in the face of increasing external sanctions pressure has become even more relevant for the Russian economic system. The need for an independent industrial and technological policy based on an import substitution strategy with a focus on domestic producers and the search for their own modern solutions in various fields of science and technology, maintaining a high level of technological security and surviving global crises with the least losses in the future has come to the fore. This study examines the system of actors that support small and medium-sized businesses in the Russian Federation. Russian economic policy has been promoting self-sufficiency in certain sectors for many years. In conclusion, the author noted that it takes at least 3–4 years to restructure high-tech industries and deepen import substitution. It is necessary to work together with regional ministries, associations, development institutions, business associations.Keywords:state support, domestic production, import substitution, sanctions pressure, support systemAuthor Biographies
Pirmagomed Shikhmagomedovich Shikhgafizov, Financial University under the Government of the Russian FederationCand.Sci. (Soc.), Associate Professor of the Department of Sociology, Faculty of Social Sciences and Mass CommunicationsEkaterina Alekseevna Kotova, Financial University under the Government of the Russian Federationstudent of the Faculty of Social Sciences and Mass CommunicationsAnna Sergeevna Goloborodova, Financial University under the Government of the Russian Federationstudent of the Faculty of Social Sciences and Mass CommunicationsReferences
Dubkov V.A. 2022. Importozameshchenie i ego rol' v razvitii otechestvennogo proizvodstva. – Obshchestvo. № 1-1(24). S. 57-65. (RUS.)
Krivenko N.V., Epaneshnikova D.S. 2020. Importozameshchenie kak instrument stabilizatsii sotsial'no-ekonomicheskogo razvitiya regionov. – Ekonomika regiona. T. 16. № 3. S. 765-778. (RUS.)
Simola H. 2022. Made in Russia? Assessing Russia's Potential for Import Substitution. – BOFIT Policy Brief. No. 3. 19 p.ArticleReceived: 05.09.2023
Citation FormatsOther cite formats:
APAShikhgafizov, P. S., Kotova, E. A., & Goloborodova, A. S. (2023). Strengthening Support for Domestic Production as a Factor of Minimizing the Negative Consequences of Sanctions Pressure on the Economic System of the Russian Federation. Vlast’ (The Authority), 31(4), 138-144. https://doi.org/10.31171/vlast.v31i4.9704IssueSectionSOCIOLOGYFollowing the submission of the manuscript to the Publisher, the author binds oneself not to publish it somewhere else without permission of the Publisher.