Regional economy of Donbass: Integration and development of industry, trade, and services

Abstract

Subject. The article addresses problems of integration of the Donetsk region into the economy of the Russian Federation. Objectives. The focus is on the analysis of the dynamics and structure of industrial production, development of the service sector in the Donetsk People's Republic, determination of industry specialization of Donbass. Methods. The study employs economic and statistical research methods. Results. The findings enable to state that Donbass retains the status of an industrial territory. Conclusions. It is crucial to increase the activity of financial, innovative, industrial, trade, and other sectors of the economy of Donbass. This will accelerate its integration into the economic space of the Russian Federation.

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