DOI: 10.33917/mic-6.95.2020.94-99

In an unstable environment of sharp declines in world oil prices associated with a decrease in demand for their consumption mainly due to COVID-19, studies on the formation, distribution and assessment of the effectiveness of the use of funds from sovereign wealth funds of states are timely and relevant. A comparative assessment of the approaches of various states on the use of the funds of their sovereign wealth funds is carried out, an analysis of the sources of allocation of funds of the National Welfare Fund of the Russian Federation for 2015-2019 is carried out, a method for assessing the economic efficiency of using the funds of the national welfare Fund of the Russian Federation, based on a comparative assessment of its profitability with the level of profitability of foreign sovereign funds, is proposed.

The article is devoted to the development of the mining industry in the territory of the Murmansk region, which is part of the Arctic zone of the Russian Federation. The importance of mining enterprises in the volume of industrial production of the Murmansk region is analyzed, the largest enterprises to grow and their role in the socio-economic development of the region are identified. Using the example of the largest mining enterprise in the Murmansk Region (Kovdor Mining and Processing Plant), an analysis of the use of the enterprise’s working capital was carried out, the degree of efficiency of the enterprise and the industry as a whole was determined, and prospects for attracting investors from other regions were evaluated.

Just net income is a source of industrial, scientific, technological and social development.