Assessment of sanction restrictions impact on the innovation receptivity of industry

Abstract

The paper analyzes the impact of sanctions on the innovative aspects of the industrial sector. The main descriptive parameters are the indicators of innovation activity, the share of innovative products in total production, as well as company assessment of the practical effectiveness of innovation processes. The latter aspect is a fundamentally new approach to assessing the impact of sanctions on innovation receptivity, as it allows assessing not only the process of introducing new technologies into production and the innovation process itself, but also its feasibility, specifically the benefit is a key condition for the development and implementation of new technologies, goods, and processes. In the course of the work, it was found that innovation activity in the mining industry significantly decreased in 2014 and in 2022 as a result of the corresponding stages of anti-Russian sanctions. In the manufacturing industry in 2014 there was a slight increase, and in 2022 there was a decrease in innovation activity. In the production of innovative products (relative share of its total) in 2022, the industry as a whole was also characterized by a negative result. However, a number of areas, on the contrary, began to develop innovative production activities intensely in the wake of reduced competition from imports. From the point of view of changes in the effectiveness of innovations in 2022, the worst situation was observed, when the main part of the innovations either had no effect or it was minimal. But in 2023–2024. there was an increase in the efficiency of innovation processes. In general, it can be concluded that 2022 had a negative impact on the innovation receptivity of the industry in terms of both innovative production and innovation efficiency, but since 2023 there has been a positive trend for all the areas.

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