Russia’s Economic Independence and Foreign Investments: Assessment and Analysis

The article is devoted to solving the problem of attracting foreign investments for the development of priority sectors of the economy in the context of ensuring economic independence. Based on a review of the results of scientific research on this issue, possible negative effects have been identified, such as insufficient diversification of investment sources, loss of control over strategically important assets, reduction of non-resource exports, and an unbalanced investment policy. Within the framework of the proposed methodological approach, a system of eight indicators has been developed, taking into account the ratio of direct outgoing and incoming foreign investments, the share of foreign capital in the total volume of capital investments, the structure of incoming direct and portfolio investments, and their distribution by economic activity. Criteria and scales for assessing economic independence are proposed. The application of the methodology on the example of the Russian economy revealed a downward trend in dependence on foreign capital. Conclusion dwells upon the fact that the issue of increasing economic independence and the conditions for attracting foreign investment are particularly relevant for the development of the extractive and manufacturing sectors of Russian industry.