Overcoming threats to the development of the oil complex of the Republic of Bashkortostan under sanctions

The article is devoted to the analysis of threats and problems for the development of the oil complex of the Republic of Bashkortostan in the conditions of the ceiling of prices for oil and petroleum products. The potentials and possibilities of self-sufficiency in petroleum products for the development of industry for a long-term period of time are estimated. The stability of the development of the oil refining industry of the republic is established, an assessment of additional opportunities for the development of the oil industry is given. The basis of the study was the analysis of problems and threats to the development of the oil complex of Bashkortostan in the conditions of external restrictions imposed by Western countries in order to overcome them effectively. Overcoming the sanctions restrictions, numbering more than 17 thousand, and acting on the entire economic complex of the country, is becoming an urgent task for the regions of Russia. There is an escalation of the economic war against Russian companies and the announcement of secondary sanctions on companies and countries cooperating with Russia. All this requires the development of new approaches and solutions to overcome the limitations and threats to the development of the country’s regions.