Home  Journals  National Interests: Priorities and Security  4(421) - 2023 April

Innovative activity of the metallurgical industry in Russia: Problems and prospects

Received: 26 January 2023

Received in revised form: 13 February 2023

Accepted: 9 March 2023

Available online: 17 April 2023

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: O31, Q32

Pages: 682–705

https://doi.org/10.24891/ni.19.4.682

Subject. In this article, we consider the role of the metallurgical industry in the import substitution policy implementation.
Objectives. The purpose is to identify and analyze the specifics of innovative activity of iron and steel enterprises in Russia.
Methods. The study rests on methods of comparative analysis.
Results. The findings point to a significant negative impact of the coronavirus pandemic in 2020-2021 and the sanctions imposed against Russia in 2022, on the metallurgical industry.
Conclusions. The development of the metallurgical industry in the near future is primarily associated with improved efficiency of investments in technological innovation.

Keywords: innovative activity, metallurgical industry, investment efficiency, return on investment, innovative projects

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