Subject. Institutional conditions and mechanisms for the safe implementation and scaling of partnership financing in Russia under external constraints, including an assessment of its contribution to the country’s economic security. Objectives. To determine the institutional significance of partnership financing for Russia’s economic security, as well as to substantiate a risk?oriented model for its safe implementation and scaling within the framework of an experimental legal regime. Methods. Systems and institutional approaches were applied, along with theoretical?applied, comparative, and risk?oriented analyses, as well as structuring and comparison. Results. It has been established that the contribution of partnership financing to economic security does not manifest automatically but only upon meeting threshold conditions. The applied potential of partnership financing instruments has been demonstrated; a four?circuit risk?oriented model for its implementation has been proposed (legal and tax circuit, supervisory and prudential circuit, infrastructure and market circuit, unified compliance circuit), and metrics for monitoring the effects have been outlined (funding terms, indicators of the stability of project cash flows, quality of disclosure, frequency of compliance incidents). Conclusions. The results advance the institutional approach to assessing partnership financing as a tool for financial sovereignty and the sustainability of the investment cycle under sanctions and compliance constraints. The practical significance lies in establishing a framework for the safe scaling of partnership instruments in Russia.
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