Transformation of the Russian economy in the face of sanctions

the article examines the economic situation in the context of international trade restrictions and financial sanctions. Russian enterprises are forced to adapt to new realities, develop internal self-sufficiency mechanisms and look for alternative sales markets. The need for an innovative approach to management has become a top priority for government agencies and businesses. In conditions of economic isolation, there is a need to redistribute resources, boost domestic production and stimulate scientific and technological progress. This requires participants in economic processes to analyze current realities in depth, develop diversification strategies, and implement modern management practices. The purpose is to analyze the economic development of Russia in recent years and identify relevant areas for the necessary development of the economic system. Methods: when writing the paper, methods of analyzing statistical data, as well as scientific sources on a given issue, were used. Results: the analysis revealed the main trends in the development of the Russian economic system under sanctions, identified the reasons for the positive dynamics, and identified the problems of the economic state. Conclusion: based on the results of the study, the main areas that are priorities for the state in order to develop the economic sector have been identified.

sanctions, import substitution, exports, investments, innovations, small and medium-sized businesses, economic transformation