The Role of International Sanctions in the Transformation of the Russian Industrial Economy

The COVID-19 pandemic, military operations in Ukraine, shifts in global markets, and various other factors have collectively impacted the international community significantly. As a result, many industrial enterprises are encountering new prospects and strategic business alternatives amidst a transforming market environment and their own competitive potential. The article is a study of the impact of international sanctions on Russia’s economic structure and the adaptive measures being taken. It analyses key aspects of sanction policies, including their history and objectives, and assesses their effect on the Russian industry and economy. The study reveals the sanctions’ impact on various industrial sectors and discusses strategies and actions taken by the Russian government to mitigate negative consequences. Special attention is given to two main aspects of Russia’s economic transformation. The first aspect involves the digitalization of the industrial sector, highlighting the role of digital transformation in enhancing production processes, efficiency, and global market positioning. The progress in nextgeneration nuclear energy in Russia is also examined, considering the potential of nuclear power as a key factor in achieving energy independence and enhancing the country’s competitiveness. The discussion also covers innovative technologies and projects for developing closed nuclear fuel cycles and expanding the use of nuclear energy as a safe and effective source. The prospects of Russia’s economy and its role in the international arena under sanctions are also debated. In conclusion, strategic recommendations for strengthening the economic resilience of Russia’s industrial sector under international restrictions are presented.