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The article assesses the size of the shadow economy of the Russian oil and gas industry. The article addresses factors in the shadow economy emergence and development in the oil and gas sector. The article justifies methods fighting the phenomenon. The article proposes a system of measures reducing the size of the shadow economy in the oil and gas sector and its impact on the economy of Russia. It has been proven that amid the crisis caused by the COVID-19 pandemic and political and economic sanction pressure of E...

Nowadays, the development of the Arctic zone of the Russian Federation (AZRF) is a strategic state policy not only due to the importance of strengthening Russia's geopolitical presence in the Arctic, but also due to the region?s role in ensuring sustainable development of the country. The region is rich in raw materials potential; climatic changes result in an increase of the country?s transit potential and opportunities for development of the Northern Sea Route; the Arctic is of great military and strategic impor...

The article provides an analysis of influence of the railroad industry on social and economic development of Russia from launching the railway communication to the present day. Rail transport in Russia is an economy branch that guarantees continuous work of all economy sectors. From the very beginning, the railroad projected influence on social and economic development of the country, territory development and planning, and national security. At present, the railroad continues playing a decisive role. Together wit...

Today, the increased focus on the Arctic zone is influenced by a number of reasons: The Arctic zone of the Russian Federation (the Russian Arctic) has the potential to become a new oil and gas region for our country; the military and strategic importance of the Arctic; the future outlook for the Northern Sea Route. The development of the Russian Arctic aims to enhance the social and economic growth of the region in line with the priorities set forth by the state policy and based on the range of socio-economic issu...

The paper demonstrates the necessity for Russia to review its development strategy for energy markets and ensure phased transition to energy efficient technologies. Although the Paris Climate Agreement only outlines certain guidelines, implementing its provisions will have an impact on the Russian economy. The reason is that many countries have already embarked on a journey to carbon-free solutions and prevent products that do not meet their standards from accessing their domestic markets. Applying the Paris Agree...