Resource-innovative strategy of Russia’s economic development

Abstract

On February 17, 2014, the Russian Ministry of Energy presented a draft Energy Strategy of Russia until 2035. The central idea of this document is the transition from raw material-exporting to resource-innovative development, whose necessity was justified by the authors of this article. The resource-innovative strategy of Russia’s economic development envisages the use of domestic and innovative potentials by forming long process flows and saturating them with new scientific, engineering, and technological improvements. The basis for this strategy is innovative, often breakthrough, technologies, particularly in the oil-and-gas complex, created by scientists of the Russian Academy of Sciences. This article asserts that, with the necessary base and maximal and fast financial returns, the oil-and-gas complex can provide investment support for innovative processes first in related and then in other sectors of the economy. As a result, conditions will be created for the reindustrialization of Russia’s economy and for the country’s transition to the sixth technological mode.

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