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Sustainable development of resource regions on the declining stage of production: innovative technologies and economic efficiency

Leontiy Eder · Anna Viktorovna Komarova · Irina V. Filimonova · Irina V. Provornaya

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Economic and Technological Developments in Russia Natural Resources and Economic Development Engineering and Environmental Studies

Abstract

The article analyzes the problems of sustainable development of Russia's resource regions, where the extraction of natural resources is at a declining stage. The economic indicators of the development projects with application of advanced extraction technologies to increase production efficiency were estimated. It was revealed that high costs of installation and application of advanced technologies do not allow for the full application, especially under the conditions of highly volatile oil prices and limitations on usage of foreign technologies. Measures to optimize the structure of costs and increase the overall efficiency of implementation of innovations in resource regions were proposed.

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