Opportunities and Prospects for the Transformation of the Russian Economy Based on the Sustainable Development Goals
Year: 2025
Type: article
Abstract: The aim of this article is to identify key directions for the transformation of the Russian economy and to develop policy recommendations for implementing the sustainable development agenda. The author employs methods of comparison, deduction, induction, analysis, synthesis, and analogy. The study identifies essential factors for the successful transformation of the economy and proposes financial instruments and mechanisms to advance the sustainable development agenda. Recommendations are formulated to ensure the long-term sustainability of the Russian economy through the development of creative industries, the expansion of sustainable finance markets, the use of public financial policy instruments, and the strengthening of cooperation between the state and business sectors. Promising areas of cooperation with BRICS countries in the field of sustainable development are also outlined. The theoretical and practical significance of the research lies in its identification of key success factors for economic development under new conditions and the proposed recommendations for transforming the Russian economy in line with the principles of sustainable development. Future research will focus on assessing the role of social and environmental capital in shaping a sustainable development economy.
Source: The world of new economy
Author: D. M. Sakharov
Institution: Financial University
Language: English
Subfield: Development
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4414256284