Development of Mechanisms of State Financial Regulation of the Industrial Sector in the Conditions of the Modern Russian Market

Abstract

In today’s rapidly changing economic environment, government intervention and financial regulation are becoming key tools to ensure the sustainable development of the industrial sector. An analysis of the existing mechanisms for regulating enterprises makes it possible to identify their advantages and disadvantages in the context of modern challenges. In addition, the article raises an important topic of Russia’s interaction with representatives of industrial and private business. This aspect is of particular relevance in the conditions of localization of production. The article explores modern management mechanisms for the current market situation in Russia and methods for effectively influencing economic relations, creating conditions for mutually beneficial cooperation and stimulating the competitiveness of industrial enterprises. The process of globalization and rapidly changing market conditions exacerbate the need for new approaches to the fi nancial regulation of the industrial sector. Sanctions and restrictions in global markets create a need to develop flexible and adapted mechanisms that can ensure the sustainability of enterprises and ensure their successful functioning. To achieve effective development of mechanisms for state financial regulation, it is necessary to conduct a deep multifaceted analysis. An important area is the creation of incentives for the introduction of new technologies in regulatory mechanisms, as well as the introduction of sustainable production practices. Such an approach, in addition to economic advantages, contributes to the growth of the country’s competitiveness and strengthening its position on the world stage. Special incentives, tax breaks, investment loans can all be powerful tools to support innovative initiatives and stimulate their introduction into the industrial sector. It is also important to create mechanisms for monitoring and evaluating the effectiveness of these measures in order to ensure the optimal balance between public and economic interests. Additionally, the article presents various cases of regulation in countries such as Germany, Japan, Korea, China, Singapore as well as the effects of the implementation of policies in the field of regulation of industrial enterprises. The article proposes mechanisms for the implementation of policy in Russia, in terms of industrial regulation, which will more effectively receive an additional increase in economic growth in the country.