Energy Projects in the Arctic: Strategic Priorities of Technological Independence

Author:

Fadeev Aleksey12

Affiliation:

1. the Luzin Institute for Economic Studies – Subdivision of the Federal Research Centre «Kola Science Centre of the Russian Academy of Sciences»

2. Institute of Industrial Management, Economics and Trade of the Peter the Great St. Petersburg Polytechnic University

Abstract

In the recent past, the open market policy of Russian economy encouraged a close cooperation between domestic and foreign companies. As a result, some Russian companies became technologically dependant on foreign technologies. As the foreign policy situation grew more and more complicated, the Russian oil and gas complex had to face the problem of import substitution. The technological support of the Russian Arctic energy complex has become one of the most relevant state issues as Russia strives to overcome the economic and technological sanctions imposed by the US and the European Union.

Publisher

Kemerovo State University

Reference21 articles.

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