Cluster development of the region on the basis of innovation under the sanctions (case study of the petrochemical complex in the Samara oblast)

In modern conditions, ensuring rapid economic development is a priority task for industrial policy, but its achievement is hampered by the sanctions imposed on Russia. Russian oil industry has become an object of special attention to the countries that initiated the sanctions. The goal of the paper is to substantiate a set of practical measures that promote cluster development through innovation as an opportunity to facilitate economic growth in the region under the sanctions. In the framework of the goal we achieve the following objectives: we substantiate the cluster approach as a theoretical framework for the innovation-driven development of the industrial complex; we explore the current state and the value of the petrochemical complex in the economy of the Samara Oblast; we justify the stages of formalization of the industrial cluster on the basis of innovation. Scientific novelty of the research consists in the fact that it expands the existing system of knowledge about economic sanctions not only as a tool of political pressure, but also as a resource for priority development of regions...