Improving the mechanisms of foreign investment turnover to stimulate innovation activity in the regions of the Russian Federation

Authors

  • Evgeniy V. Andreev Russian Presidential Academy of National Economy and Public Administration Автор
  • Valery Ya. Zharnitsky Russian Presidential Academy of National Economy and Public Administration Автор
  • Pavel V. Sokolovsky Russian Presidential Academy of National Economy and Public Administration Автор
  • Vladislav S. Korshunkov Russian Presidential Academy of National Economy and Public Administration Автор

DOI:

https://doi.org/10.22394/2070-8378-2023-25-6-39-45

Keywords:

Government Commission, investment, innovation, innovation activity, small innovative entrepreneurship, regional economy, constraints, unfriendlycountries, resident, non-resident, obligation fulfillment, dividends, discount

Abstract

The article examines contemporary economic transformation mechanisms and how they can facilitate domestic innovative enterprises to grow and adapt to new conditions with limited investment resources. The authors consider the efficiency of the early-stage corporate innovation subsidy mechanisms that have been put in place and the creation of the federal legislative framework necessary for their implementation. The work analyzes the activities of the Government Commission and the subcommission established on its basis. Its main functions include control over the turnover of foreign investments and the limitation of issuing permits for investment transactions in cases when the norms of the current legislation are violated. In conclusion, the authors offer suggestions to improve the process of securing permissions from the subcommission established on the basis on the Government Commission to conclude investment deals involving citizens and non-citizens of «unfriendly countries».

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Published

2023-11-15

Issue

Section

Articles