Optimization Of Financing Sources For Russian Energy Corporations In The Modern Economy

Abstract

Modern Russian energy companies present a significant demand for financial resources to finance the development of the industry. The article focuses on the investment activities of energy companies. Due to the importance of this industry in the Russian economy, as well as due to the state of the industry itself, the investment activity of companies continues to grow. The article analyzes the financing system of energy companies in the industry, which developed by 2016 and its changes in the current period. The purpose of the article is to show how the financing system of energy companies is changing. In the paper, the features of the financing structure associated with the liberalization of the industry are investigated, and its changes in the current period are forecasted. The article analyzed the financing tools of energy companies: income from the placement of shares, bank loans received, budget subsidies and investments and bond loans. In recent years, in the non-profit and commercial energy sector, due to objective conditions, there have been changes in financing. The article focuses on the change in the ratio between loans and loans in favor of bond loans received by energy companies. A more active use of budget loans and green bonds in financing energy companies is proposed.