Problems of innovative development of the fuel and energy industry in Russia

Abstract

The fuel and energy industry in Russia is the basis for the functioning of the national economy, on the one hand, providing energy and energy resources for all types of economic activities, as well as for the nonmaterial sphere, on the other hand, forming the greater part of budget revenues from energy exports. In modern economic conditions, and also taking into account the stage of the economic cycle, these problems can be solved through innovations. The prerequisites for the implementation of innovative activities in the fuel and energy industry in Russia are considered. The authors described the level of innovative development at the enterprises of fuel and energy sector giving reasons for its relatively low importance. Based on the technical and economic characteristics of the products and production processes of the companies of the fuel and energy industry, specific features of the organization and implementation of innovative activities in it are determined. Studying the experience of implementing innovative ideas in the Russian fuel and energy sector allowed the factors hampering the success in this direction to be formulated. To implement innovation activities effectively in the Russian fuel and energy industry, it is necessary to carry out a number of transformations both at the level of industries and in individual enterprises in order to reduce the negative impact of the identified factors.