MECHANICAL ENGINEERING
Original Paper
UDC 621:338.363:338.28 © P.V. Simonin, I.Yu. Litvin, N.A. Cherepovskaya, A.A. Kuzmina, 2023
ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2023, № 2, pp. 65-71
DOI: http://dx.doi.org/10.18796/0041-5790-2023-2-65-71
Title
Mechanical engineering industry: strategic development priorities in conditions of the sanctions
Author
Simonin P.V.1, Litvin I.Yu.1, Cherepovskaya N.A.1, Kuzmina A.A.2
1 Financial University under the Government of the Russian Federation, Moscow, 125993, Russian Federation
21 National University of Science and Technology “MISIS” (NUST “MISIS”), Moscow, 119049, Russian Federation
Authors Information
Simonin P.V., Phd (Economic), Associate Professor, Chair of Management and Innovation, Faculty of Higher School of Management, e-mail: pvsimonin@fa.ru; e-mail: simoninp-v@mail.ru
Litvin I.Yu., Phd (Economic), Associate Professor, Deputy Head for Educational and Methodological Work Faculty of Higher School of Management, e-mail: IYLitvin@fa.ru
Cherepovskaya N.A., Phd (Economic), Associate Professor, Chair of Management and Innovation, Faculty of Higher School of Management, e-mail: nacherepovskaya@fa.ru
Kuzmina A.A., Phd (Economic), Associate Professor, senior Lecturer of the Department of Economics University of Science and Technology, e-mail: kuzmina.aa@misis.ru
Abstract
The article discusses the strategic priorities of the development of industry and, in particular, mechanical engineering in the face of unprecedented sanctions. The authors substantiate that the development of the machine-building industry is the key to the strategy of economic development of the whole country, despite the fact that enterprises have faced a complex of systemic problems: insufficient investment, capital outflow, the formation of an unstable export-import trade flow and loss of market share. The article substantiates the further strengthening of development problems and difficulties in creating new jobs, income growth, innovation and emerging multiplier effects in view of the ongoing tax burden, political-institutional and unfavorable sanctions conditions for the machine-building industry and the inflation of interest rates. The analysis showed that the main factors limiting the development of mechanical engineering and the industry as a whole are not the existence of sanctions as such, but the uncertainty of the economic situation, insufficient demand for products, lack of financial resources, despite the fact that the industry will experience significant growth in the forecast period. The authors propose to use a matrix of prospects for the development of the machine-building industry, taking into account social and environmental responsibility, based on which it is possible to determine strategic priorities and ensure long-term industrial growth under sanctions.
Keywords
Strategic priorities, Industry, Mechanical engineering, Sanctions, Industrialization, Industrial growth, Trade flow, Market, Social and environmental responsibility.
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For citation
Simonin P.V., Litvin I.Yu., Cherepovskaya N.A. & Kuzmina A.A. Mechanical engineering industry: strategic development priorities in conditions of the sanctions. Ugol’, 2023, (2), pp. 65-71. (In Russ.). DOI: 10.18796/0041-5790-2023-2-65-71.
Paper info
ReceivedDecember 1, 2022
Reviewed December 15, 2022
Accepted January 26, 2023
