Investment attractiveness of the Russian economy in new socio-economic and geopolitical conditions

The beginning of 2022 was characterized by an increase in sanctions pressure from a number of foreign countries, whose actions were aimed at destabilizing the socio-economic situation in the country, creating unfavorable conditions for the purchase and retention of Russian assets, the formation of panic among investors, a large number of large foreign companies left the Russian market. An increase in the inflation rate, a violation of the balance of supply and demand for a number of goods and services, a change in the structure of the labor market, a change in functioning logistics chains, restrictions on trade have become one of the key consequences that predetermine a decrease in investment attractiveness. The article shows that the high growth of the inflation rate was provided by such factors as the weakening of the ruble and an increase in consumer demand for a number of goods and services. It is noted that reducing the amount of inflation and keeping it at a targeted level provides increased availability of debt and equity financing for companies, and investors are more willing to provide their financial resources for long-term growth of investments and savings. In general, the investment activity index is at a relatively low level - 100.1%, and the investment barriers index is at a fairly high level - 105%, which is a negative factor for the prospects of increasing investment attractiveness. The study revealed that, despite the negative factors, the value of investments in fixed assets has increased by 44.12% over 5 years, and the Central Federal District is the leader among federal districts. Among the negative trends identified: a decrease in the share of investments in fixed assets in GDP by 7.94%; a drop in the level of innovation activity of enterprises (in relative terms by 18.49%) and the share of internal research and development costs in GDP by 9.9%.