Classification and selection criteria of Russian systemically important companies

Abstract

During the crisis, systemically important companies from various industries were in need of state support as a result of sanctions policy. This report aims to systematise the different classifications for such enterprises, thereby facilitating the monitor of their activities. This study draws upon recently published articles in the field and used a range of methods, including analysis, synthesis, classification and formalization. The results of this investigation are presented in the form of detailed descriptions of the types of enterprises studied and; their significance for the state budget, volume of tax revenues, jobs created and market share. In conclusion, the findings reveal that the existing system for monitoring the activities of strategic companies is outdated and needs updating in light of Russia’s present economic situation. Alongside the development of more relevant selection criteria and classification systems, it is equally important to refine the existing methodologies to facilitate government monitoring.