Subject. Prospects for the modernization of Russia's industry. Objectives. Identification of factors contributing to Russia's transition from a linear economic model to the implementation of the principles of Industry 5.0. Methods. Mathematical analysis tools were applied. Results. It has been shown that accelerating the process of digitalization and introducing technologies that form the basis of the circular economy contribute to increasing the resilience of Russian industry, the growth of innovation activity, and the transition to Industry 5.0. Conclusions. In general, there is a shift in the vector of industrial development towards a circular economy, based on reducing environmental costs and expanding the practice of resource reuse.
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