Impact of Innovative Processes on Russia's Economic Growth Under Sanctions

Abstract

The article deals with the problems of innovation activity in the Russian economy in the context of the implementation of the import substitution policy.We revealed the patterns of innovation development in sixteen types of innovation and economic activity in the conditions of Western sanctions and in the pre-sanction period.We determined the dynamics of influence of the situation in the Russian innovation field on the main macroeconomic indicators. As indicators characterizing the dynamics of innovation processes in the country, we used data on the size and structure of costs for technological innovations, differentiated by the industry basis.Using the macroeconomic indicators during analysis, we determined the indicators of the added value created, the output volume, the volume of produced innovative goods and services, as well as the indicators that characterize the movement dynamics of labor resources.On the basis of the conducted studies, we proved that the logic of import substitution in the Russian economy should critically evaluate the axiom about the expediency of forming in the country the entire chain of value created for the consumer on the scale of entire commodity groups. We have substantiated that the development of industries that are closest to the final consumer along the value chain is the most preferable in the Russian economy.

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