THE IMPACT OF SANCTIONS AND IMPORT SUBSTITUTION POLICIES ON THE CONSTRUCTION INDUSTRY IN RUSSIA

The study analyzes the degree of influence of the anti-Russian sanctions of the United States and European countries on the state and development of the domestic construction industry. In this article, it was concluded that the first packages of sanctions affected the industry more significantly than the subsequent ones. The Russian economy as a whole and individual industries in particular have gradually adapted to the new external economic conditions. The stabilization of the current state of the construction industry was largely facilitated by the state policy of import substitution, which includes the development and implementation of comprehensive strategies for the development of the state’s economy, as well as individual measures for the development of specific industries and enterprises.

In the analysis, the methodology and general scientific principles of conducting comprehensive research are applied, regulatory and legislative documents related to the regulation of foreign economic and construction activities in the Russian Federation are studied. Abstract-logical, monographic, sociological and economic and statistical research methods, methods of scientific abstraction, induction and deduction, grouping and comparison and expert assessments were used in the analysis of research materials and the development of methodological recommendations.

The purpose of the article is to assess the degree of negative impact of Western sanctions on the level of development of the construction industry in Russia, as well as to systematize domestic measures implemented within the framework of a comprehensive import substitution policy.

The article develops proposals to improve the effectiveness of reducing the impact of sanctions pressure on domestic construction and accelerate the processes of innovative development of the industry. The results obtained can be applied in the activities of Russian construction enterprises and state, regional and municipal government bodies.

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