Subject. The article focuses on contemporary trends in the industrial and socio-economic development of Russia during the technological transformation of its sectors. Objectives. The study is an attempt to analyze what opportunities and difficulties may arise for the development of the industrial sectors in Russia. We also examine the dynamics of key development indicators of the industrial sectors, point out inhibitors of their competitiveness. Methods. The methodological framework comprises general methods of systems, structural-functional and comprehensive approaches to analyzing economic phenomena. We applied graphic, economic-statistical methods of research, conventional methods of grouping, comparison and generalization, and the logic, systems and statistical analysis. Results. We display how industrial sectors develop over time by type of economic activities. The article provides the rationale for structural rearrangements and further innovation-driven development of the industries. We display that the Russian industries technologically depend om imported production technologies. We substantiate the renewal of assets and technologies at industrial enterprises, and retain and develop human capital. Conclusions and Relevance. Primarily, the Russian economy should be digitalized as a source of the long-term economic growth. Notably, industrial enterprises should replace their linear production method with that of the circular economy and implement resource-saving innovative technologies. The State evidently acts as the leading driver of technological retrofitting of the industrial sector. If the State holds the reasonable and appropriate industrial policy at the federal and regional levels and configure its tools to ensure the modern approach to developing the industries in a competitive fashion, the industrial complex will successfully transform into the innovative economy.
Akberdina V.V. [Transformation of the Russian industrial complex iunder digitalization]. Izvestiya Ural'skogo gosudarstvennogo ekonomicheskogo universiteta = Journal of Ural State University of Economics, 2018, vol. 19, no. 3, pp. 82–99. (In Russ.)
Babkin A.V., Burkal'tseva D.D., Kosten' D.G., Vorob'ev Yu.N. [Formation of digital economy in Russia: Essence, features, technical normalization, development problems]. Nauchno-tekhnicheskie vedomosti Sankt-Peterburgskogo gosudarstvennogo politekhnicheskogo universiteta. Ekonomicheskie nauki= St. Petersburg State Polytechnic University Journal. Economics, 2017, vol. 10, no. 3, pp. 9–25. (In Russ.)
Plotnikov V.A. [Digitalization of production: The theoretical essence and development prospects in the Russian economy]. Izvestiya Sankt-Peterburgskoso gosudarstvennogo ekonomicheskogo universiteta = News of the St. Petersburg State University of Economics, 2018, no. 4, pp. 16–24. URL: Link (In Russ.)
Kapranova L.D. [The digital economy in Russia: Its state and prospects of development]. Ekonomika. Nalogi. Pravo = Economics, Taxes & Law, 2018, vol. 11, no. 2, pp. 58–69. URL: Link (In Russ.)
Pan'shin B.N. [Digital economy: Features and development trends]. Nauka i innovatsii = Science and Innovations, 2016, no. 3, pp. 17–20. (In Russ.) URL: Link (In Russ.)
Kaufman N.Yu. [Transformation of knowledge management in the context of digital economy development]. Kreativnaya ekonomika = Creative Economy, 2018, vol. 12, no. 3, pp. 261–270. URL: Link (In Russ.)
Tolstoguzov O.V. [The transformation of the economic space and the structure of the regional economy]. Regional'naya ekonomika i upravlenie: elektronnyi nauchnyi zhurnal, 2016, no. 4, pp. 91–106. (In Russ.) URL: Link
Ermolovskaya O.Yu. [Digital transformation in sectors of the economy: Evaluation and prospects]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2018, vol. 4, no. 4, p. 73. (In Russ.)
Afanas'ev M., Mislikova L. [Time of globalization]. Mirovaya ekonomika i mezhdunarodnye otnosheniya = World Economy and International Relations, 2005, no. 10, pp. 1–11. (In Russ.)
Chuev D.A. [National Security of Russia: Global Challenges and Exhaustion of the Resource of the Export-Raw Material Model of the Economy of the Country]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2010, vol. 6, iss. 8, pp. 63–68. URL: Link (In Russ.)
Ponomareva S.I. [Macroeconomic prerequisites for implementation of a new model of Russian economy]. Izvestiya Ural'skogo gosudarstvennogo ekonomicheskogo universiteta =Journal of New Economy, 2014, no. 5, pp. 19–25. URL: Link (In Russ.)
Saradzheva O.V. [Advantages and shortcomings of raw economy of Russia]. Vestnik Moskovskogo universiteta MVD Rossii= Vestnik of Moscow University of Ministry of Internal Affairs, 2015, no. 8, pp. 233–239. URL: Link (In Russ.)
Simachev Yu., Kuzyk M., Kuznetsov B., Pogrebnyak E. [Russia on the path towards a new technology-industrial policy: Exciting prospects and fatal traps]. Forsait = Foresight and STI Governance, 2014, vol. 8, no. 4, pp. 6–23. URL: Link (In Russ.)
Dezhina I., Ponomarev A. [Approaches to the formulation of Russia's technological priorities]. Forsait = Foresight and STI Governance, 2016, vol. 10, no. 1, pp. 7–15. URL: Link (In Russ.)
Dezhina I., Ponomarev A. [Advanced manufacturing: New emphasis in industrial development]. Forsait = Foresight and STI Governance, 2014, vol. 8, no. 2, p. 17. URL: Link (In Russ.)
Kirchherr J., Reike D., Hekkert M. Conceptualizing the Circular Economy: An Analysis of 114 Definitions. Resources, Conservation & Recycling, 2017, vol. 127, pp. 221–232. URL: Link
Alpenberg J., Wnuk-Pel T., Henebäck A. Environmental Orientation in Swedish Local Governments. Sustainability, 2018, vol. 10, iss. 2, p. 459. URL: Link
Heshmati А. A Review of the Circular Economy and its Implementation. IZA Discussion Paper, 2015, no. 9611. URL: Link
