The development of the Russian economy under the influence of the Fourth Industrial Revolution and the use of the potential of the Arctic

Abstract

Abstract The article discusses the influence of the Fourth Industrial Revolution on the global and Russian economies through the changes occurring in the global energy market and the opportunities that open up in the development of the natural resources of the Arctic. As part of this, the trends introduced by new technological capabilities and global warming with their impact on the industrial development of the Arctic zone are identified and investigated. Of particular interest is associated with the extraction of natural gas and its delivery to consumers using the advantages of the Northern Sea Route. According to the authors, the expected increase in demand for energy, especially liquefied natural gas (LNG), is a consequence of the Fourth Industrial Revolution, which requires adequate action on the part of its suppliers. The authors indicate that strengthening Russian positions in the LNG market makes it possible to increase the stability of this global market. This meets the interests of all of its key actors, especially the countries that form the largest demand for this product. The article concludes that, along with increasing Russia’s global competitiveness, this will ensure the sustainability of the world market against the background of the advantages that the Fourth Industrial Revolution brings.