Influence of large-scale geopolitical of large-scale geopolitical changes on investment activity of TNK

Changes in the external conditions of TNCs functioning due to the consequences of disruption of global value chains in connection with the COVID-19 pandemic, unstable geopolitical situation, sanctions and protectionist policy of leading countries have led to changes in the investment activity of TNCs. The article considers the main directions of transformation of the investment activity of the largest TNCs in the conditions of large-scale geopolitical changes, such as the increase of state participation in the regulation of investment activity of TNCs, including in the interests of national security; slowdown in the growth rate of foreign assets of TNCs; change in the directions of foreign investment; increase in the importance of re-shoring and franchising in making investment decisions; growth of investments in strengthening energy security, infrastructure development, technological renewal and implementation of sustainable development goals.