Abstract
The attracting of foreign investment is a strategic goal of the Russian economy’s development. Direct investment plays a special role in this process providing an access to financial resources, modern technologies, management skills, innovative goods and services as well as contributing to increase of economic competitiveness, sustained growth and improvements in living standards. In this connection, creation of an enabling environment for foreign investors is a priority sector of public investment policy. Based on the analysis of federal and regional forms of supporting investment activities, it can be concluded that the forms associated with budget injections into the economy are dominant. Co-financing of investment projects, government programs to support exports, create infrastructure (technology parks, SEZ infrastructure, TAD), create support centers for entrepreneurs, all this can be called financial stimulation of economic activity and, in particular, investment activity. The study suggest that the state has to go to these costs in connection with the reduction of the investment potential of the private sector, as a result of the economic crisis and international sanctions.
Highlights
Investment has become a fairly common modern form of earnings in Russia and abroad
The attraction of foreign investment was a priority of the Russian government from the moment when the country took the first steps towards developing a market economy in 1991
The public investment policy methods have become the main concern within the context of shrinking opportunities for foreign financing and crises in Russian economy
Summary
Investment has become a fairly common modern form of earnings in Russia and abroad. Almost every person thought about investing their savings in a project. Over the past few decades, consistent legislative and administrative measures have been taken to improve the investment climate and provide guarantees and protection for foreign companies doing business in Russia. This trend is still effective and supported by the government during the period of mutual economic sanctions, since investments in Russia are encouraged and supported, despite the political alienation between Russia and European countries. Public resources supporting investors become more relevant considering the form and methods of state support for attracting investment at the federal and regional level. The public investment policy methods have become the main concern within the context of shrinking opportunities for foreign financing and crises in Russian economy
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