Conceptualization for decision-making on circular economy development in the Russian Black Sea regions

The specifics of the Russian Black Sea regions, manifested in the presence of a large number of opportunities and contradictions in the implementation of social and economic and environmental aspects of sustainable development, requires the search for new rational models of resource use. The most promising in this regard are the models of the circular economy. In accordance with this idea, this article is aimed at identification of the directions and levels of managerial decision-making for the development of a closed-cycle economy in the regions of the Russian Black Sea regions, taking into account the need for informational and analytical support for the relevant regulatory and self-regulatory processes. The study provides a detailed description of the specifics of economic potential of coastal territories of Krasnodar Krai and Rostov region. The paper shows that tourism and recreation, agriculture, and marine economic activity are important in the economy of the Russian Black Sea region. The priority is the development of industrial and port facilities that provide export-import operations. At the same time, there is a fragmentation of social and economic components of these territories and their selective development. Taking this fact into account, priority areas of application of circular models were identified: environmental regulation of the processes of social and economic development of coastal territories; efficiency improvement of marine economy; removal of restrictions and activation of growth points of the Russian Black Sea regions. This made it possible to structure the elements of the circular economyand measures for their implementation, as well as to build a simulation model of the interaction of industries in the Russian Black Sea regions. The analysis of the model showed that, despite the close interconnection of various industries, the process of circularization is not yet working on a regional scale, but there are prospects for the development of circular value chains. In accordance with this, indicators for monitoring the development of a closed-loop economy in relation to the levels of managerial decision- making were suggested. The framework of decision-making on the development of circular economy in the Russian Black Sea regions established in the work allows us to focus state policy on the implementation of plans that allow us to get closer to the achievement of the goals of regional sustainable development.