LARGE CORPORATIONS IN PROJECTS FOR THE DEVELOPMENT OF RESOURCES IN SIBERIA AND THE FAR EAST

Abstract

In modern Russia, large industrial corporations, some of which are the direct "heirs" of socialist factories, are traditionally the main initiators, operators and beneficiaries of projects to develop the resources of Siberia and the Far East. An approach to assessing the impact of large-scale natural resource development projects on the economic performance of individual regions through the performance of individual companies involved in these projects is proposed. Testing the approach based on the financial statements of 300 largest companies in the real sector of Siberia and the Far East for 2014-2019 showed that resource projects of large corporations are the main revenue generator, and their dynamics largely determine the trajectory of economic development of individual regions. Financial indicators of divisions of large corporations. the companies involved in these projects grew faster than the rest of the companies. At the same time, a significant part of the largest projects for the development of mineral resources has not yet reached the stage when a noticeable decline in volume and cost indicators begins, and therefore large corporations - operators of these projects will continue to play the role of key players determining the economic growth potential of Siberia and the Far East.