Mechanisms for supporting innovation in the Russian Federation

at the moment, innovation is the main key to the development of the state economy. Under sanctions, Russia is forced to develop domestic production, find new ways to develop import substitution. The best way to develop import-substituting goods is innovation, which helps not only to develop the domestic market, but also to produce competitive goods for foreign markets. To accelerate the process of innovation development, the involvement of the state, which will create preferential conditions for innovative companies, is necessary. In this article, the author considers the mechanisms for supporting innovation under sanctions. International sanctions have a significant impact on the Russian economy, highlight the causes and consequences of this policy. In this regard, Russia aims to develop innovative products in order to adapt to the sanctions pressure. The article also considers specific mechanisms for supporting innovation in Russia and an analysis of the effectiveness of some projects. Objective: to identify mechanisms of state support for innovation and analyze the innovative activities of Russia. Methods: when writing the work, the method of analyzing statistical data and scientific literature was used, thanks to which the impact of international sanctions on the Russian economy and the mechanisms of state support that minimize this impact were identified. Results: an analysis of Russia's innovative activities was conducted and effective mechanisms for supporting innovation were identified. Conclusion: based on the results of the study, an analysis of innovative projects of the Russian Federation was conducted depending on the support provided.

international sanctions, innovations, support mechanisms, state, innovative activity