DOI: 10.33917/es-2.200.2025.54-61

The study was carried out within the framework of D. North’s concept of the institutional framework of interactions. The article presents the author’s periodization of the stages of institutionalization in the process of business valuation formation. The author provides an analysis of the development stages and transformation of the institutional framework of the process of business value formation, based on dominant beliefs. Analysis covers the stages from the “pre-cost” of business in early historical periods to specifics of the cost of business in the context of digital technologies.

References: 

1. Gorodetskiy A. Ob osnovakh institutsional’noy transformatsii (teoreticheskiy aspekt) [On the Foundations of Institutional Transformation (Theoretical Aspect)]. Voprosy ekonomiki, 2000, no 10, pp. 118–133.

2. Loginova L.V. Institutsionalizatsiya ekonomicheskikh interesov: metodologicheskiy aspect: Formirovanie rossiyskoy modeli rynochnoy ekonomiki: protivorechiya i perspektivy [Institutionalization of Economic Interests: Methodological Aspect: Formation of the Russian Model of Market Economy: Contradictions and Prospects]. Pod red. K.A. Khubieva. Part 2. Moscow, Ekonomicheskiy fakul’tet, TEIS, 2003, pp. 259–265.

3. Oleynik A.N. Institutsional’nye aspekty sotsial’no-ekonomicheskikh transformatsiy [Institutional Aspects of Socio-economic Transformations]. Moscow, TEIS, 2000, 158 p.

4. Nort D.K. Pyat’ tezisov ob institutsional’nykh izmeneniyakh: Kvartal’nyy byulleten’ kluba ekonomistov [Five Theses on Institutional Change: Quarterly Bulletin of the Economists’ Club]. Minsk, Institut privatizatsii i menedzhmenta, 1998, pp. 3–15.

5. Nort D.K. Avtobiografiya. Lektsiya pamyati Al’freda Nobelya: Laureaty Nobelevskoy premii po ekonomike: avtobiografii, lektsii, kommentarii [Autobiography. Lecture in Memory of Alfred Nobel: Nobel Prize Laureates in Economics: Autobiographies, Lectures, Commentaries]. Pod red. V.V. Okrepilova. Vol. 2, Saint Petersburg, Nauka, 2009, pp. 297–315.

6. Adno Yu.L., Aleksandrova I.I., Baykov N.M., et al. Mirovaya ekonomika: global’nye tendentsii za 100 let [World Economy: Global Trends Over 100 Years]. Pod red. I.S. Koroleva. Moscow, Yurist”, 2003, 604 p.

7. Maddison А. The World Economy: a Millennial Perspective. Paris, Development Center of the OECD, 2001, 388 p.

8. North D.C., Thomas R.P. The rise of the Western world: a new economic history. Cambridge, Cambridge University Press, 1999, 171 p.

9. Gloveli G.D. Geopoliticheskaya ekonomiya v Rossii: ot diskussiy o samobytnosti k global’nym modelyam (XIX v. — pervaya tret’ XX v.) [Geopolitical Economy in Russia: From Discussions of Identity to Global Models (19th Century — First Third of the 20th Century)]. Saint Petersburg, Aleteyya, 2009, 204 p.

10. Nort D.K. Ponimanie protsessa ekonomicheskikh izmeneniy [Understanding the Process of Economics Change]. Moscow, ID GU — VShE, 2010, 256 p.

11. Novaya postindustrial’naya volna na Zapade: Antologiya [The New Post-Industrial Wave in the West: An Anthology]. Pod red. V.L. Inozemtseva. Moscow, Academia, 1999, 640 p.

DOI: 10.33917/es-2.200.2025.48-53

The article presents distribution of the largest Russian banks by the size of the loan portfolio, which made it possible to substantiate the fact that in the Russian credit system there is a high level of differentiation in interest rates and conditions for attracting loans, which has an ambiguous effect on the quality of the credit process. The author identifies a modern problem of interaction between banking market entities and clients – the presence of high debt on loans, which will allow in the future to develop and apply, within the framework of banks’ credit policy, the most rational repayment scheme.

References: 

1. Frygin A.V., Vorob’ev D.R., Prokof’ev M.N. Kreditovanie publichno-pravovykh obrazovaniy kak instrument dolgovoy politiki gosudarstva [Crediting of Public Legal Entities as an Instrument of State Debt Policy]. Bankovskoe delo, 2022, no 7(341), pp. 28–32.

2. Krichevets E.A., Fedosyuk M.Yu. Sravnitel’nyy analiz bankovskogo i obligatsionnogo kreditovaniya predpriyatiy v Rossiyskoy Federatsii [Comparative Analysis of Banking and Bond Lending to Enterprises in the Russian Federation]. Nauka bez granits, 2021, no 2(54), pp. 82–89.

3. Galuzin L.A., Mel’nichenko T.Yu. Analiz kreditnogo portfelya fizicheskikh lits kommercheskogo banka [Analysis of the Loan Portfolio of Individuals of a Commercial Bank]. Vestnik nauki, 2024, vol. 2, no 1(70), pp. 50–58.

4. Nikonov N.V., Sirotkin A.S. Rost roznichnogo kreditovaniya v rossiyskikh regionakh [The Growth of Retail Lending in Russian Regions]. Finansovyy zhurnal, 2019, no 1, pp. 56–65.

5. Bernadina E.E. Upravlenie kachestvom kreditnogo portfelya [Credit Portfolio Quality Management]. Vestnik nauki i tvorchestva, 2021, no 5(65), pp. 14–20.

6. Kuznetsov D.M. Upravlenie kreditnym portfelem banka v usloviyakh sovremennoy ekonomiki [Management the Bank’s Loan Portfolio in the Modern Economy]. Benefitsiar, 2020, no 72, pp. 3–7.

7. Moldabekova A.Sh. Kreditnyy portfel’ kommercheskikh bankov i problemy vozvrata kredita [Loan Portfolio of Commercial Banks and Problems of Loan Repayment]. Forum, 2021, no 1(24), pp. 37–42.

8. Bagaeva N.Yu., Popova L.V. Otsenka kachestva formirovaniya kreditnogo portfelya kommercheskogo banka [Assessment of the Quality of the Formation of the Loan Portfolio of a Commercial Bank]. Aktual’nye voprosy sovremennoy ekonomiki, 2023, no 12, pp. 239–247.

9. Krupneyshie banki po summe kreditov fizlits v 2024 godu [The Largest Banks in Terms of the Amount of Loans to Individuals in 2024]. BROBANK, available at: https://brobank.ru/krupnejshie-banki-po-summe-kreditov-fizlic-v-2024-godu/

10. Myagkova M.V., Kuznetsova E.G., Shilkina T.E. Formirovanie kreditnogo portfelya kommercheskogo banka [Formation of the Loan Portfolio of a Commercial

Bank]. Upravlencheskiy uchet, 2021, no 3, pp. 508–517.

11. Ryabinina E.V. Sovremennoe sostoyanie korporativnogo kreditnogo portfelya rossiyskikh kommercheskikh bankov [The current State of the Corporate Loan Portfolio of Russian Commercial Banks]. Journal of Economy and Business, 2018, vol. 5, part 2, pp. 34–42.

DOI: 10.33917/es-2.200.2025.42-47

Changing of a conjuncture index of “Economic strategy” (CIES) for 2024 is considered. The contribution of indicators of supply and demand in CIES is estimated. The analysis of industrial production is carried out.

References: 

1. Sotsial’no-ekonomicheskoe polozhenie Rossii. Yanvar’ — dekabr’ 2024 goda [Socioeconomic Situation in Russia. January — December 2024]. Federal’naya sluzhba gosudarstvennoy statistiki, available at: https://rosstat.gov.ru/storage/mediabank/osn-12-2024.pdf

2. Vystuplenie Prezidenta RF na 34-m ezhegodnom s”ezde Rossiyskogo soyuza promyshlennikov i predprinimateley 18 marta 2025 g. [Speech by the President of the Russian Federation at the 34th Annual Congress of the Russian Union of Industrialists and Entrepreneurs, March 18, 2025]. Ofitsial’nyy sayt Prezidenta RF, available at: http://kremlin.ru/events/president/news/76474

3. Informatsiya ob otchete Pravitel’stva RF v Gosudarstvennoy dume 26 marta 2025 g. o rezul’tatakh raboty v 2024 g. [Information on the Report of the Government of the Russian Federation to the State Duma on March 26, 2025 on the Results of Work in 2024]. Ofitsial’nyy sayt Pravitel’stva RF, available at: http://government.ru/news/54597/

4. Frenkel’ A.A., Tikhomirov B.I., Surkov A.A. Itogi strategicheskogo razvitiya Rossii za pervye tri kvartala 2024 goda: strukturnaya perestroyka ekonomiki prodolzhaetsya [Results of Russia’s Strategic Development for the First Three Quarters of 2024: Structural Transformation of the Economy Continues]. Ekonomicheskie strategii, 2024, no 6(198), pp. 84–89, DOI: https://doi.org/10.33917/es-6.198.2024.84-89

5. Edinyy plan po dostizheniyu natsional’nykh tseley razvitiya do 2030 goda i na perspektivu do 2036 goda (utv. Predsedatelem Pravitel’stva RF 30 dekabrya 2024 g.) [Unified Plan for Achieving National Development Goals up to 2030 and for the Future up to 2036 (approved by the Chairman of the Government of the Russian Federation on December 30, 2024)]. Ofitsial’nyy sayt Pravitel’stva RF, available at: ht tp://government.ru/news/53927

6. Strategiya prostranstvennogo razvitiya Rossiyskoy Federatsii na period do 2030 goda s prognozom do 2036 goda (utv. rasporyazheniem Pravitel’stva RF ot 28 dekabrya 2024 g. N 4146-r) [Strategy for Spatial Development of the Russian Federation for the Period up to 2030 with a Forecast up to 2036 (approved by the Order of the Government of the Russian Federation of December 28, 2024 No. 4146-r)]. Ofitsial’nyy sayt Pravitel’stva RF, available at: http://government.ru/docs/53917

DOI: 10.33917/es-2.200.2025.30-41

The article examines the problem of ensuring Russia’s economic growth in the context of a rigid monetary policy and a high key interest rate through implementation of the “supply-side economics” doctrine. The aim of the study is to demonstrate the emerging limitations for the “supply-side economy” when raising the key interest rate and the impossibility of intensifying economic growth in a sustainable and balanced format with such macroeconomic policy. Methodology is based on the modern theory of economic growth and the macroeconomic policy that stimulates it, the «supply-side economics» doctrine.

The information base of the study is formed by data from Rosstat and the Bank of Russia, scientific works on «supply-side economy». The overall result is that the article shows the effect of rigidity of the aggregate demand decline with an increase in the key interest rate, difficulty in balancing supply and demand. Increase in the interest rate in the area of its high values may cause greater decrease in supply than in demand, which is determined by sensibility of these parameters to the interest rate and other policy instruments. Such an effect can neutralize the policy of extinguishing inflation by strongly increasing the key interest rate and lead to a significant slowdown in economic growth. It is shown that negative impact of the key interest rate on aggregate supply and the search for a new point of economic equilibrium with lower price dynamics, but also relatively lower GDP, since the magnitude of its growth will be lower, favor significant limitation for implementing the “supply-side economics” doctrine in modern Russia. Moreover, the “supply-side economy” in the Reagan’s version, based on the monetarism theory, will also experience structural limitations, which, together with such a policy, can sharply weaken the competitive prospects of the Russian economy.

References: 

1. Barro R.Dzh., Sala-i-Martin Kh. Ekonomicheskiy rost [Economic Growth]. Moscow, BINOM, Laboratoriya znaniy, 2014, 824 p.

2. Drobyshevskiy S. Obzor sovremennoy teorii vremennoy struktury protsentnykh stavok. Osnovnye gipotezy i modeli [Review of the Modern Theory of the Term Structure of Interest Rates. Main Hypotheses and Models]. Moscow, Institut ekonomiki perekhonogo perioda ANKh, 1999, 133 p.

3. Khelpman E. Zagadka ekonomicheskogo rosta [The Riddle of Economic Growth]. Moscow, Izd-vo Instituta Gaydara, 2011.

4. Aghion P., Akcigit U., Howitt P. Lessons from Schumpeterian Growth Theory. The American Economic Review, 2015, vol. 105, no 5, pp. 94–99.

5. Barro R. Economic Growth in a Cross Section of Countries. Quarterly Journal of Economics, 1991, vol. 106, no 2, pp. 407–443.

6. Koopmans T.C. On the Concept of Optimal Economic Growth. Econometric Approach to Development Planning. Amsterdam, North-Holland Publishing Company, 1965, pp. 225–287.

7. Kuznets S. Economic growth and Income Inequality. The American Economic Review, 1955, pp. 1–28.

DOI: 10.33917/es-1.199.2025.88-95

The state and municipal property management system is a set of agreed methods and means of targeted influence on the subjects of management process in order to achieve specified goals. The principle of maximizing the income received cannot be used as the basis for assessing the management of state and municipal proper ty objects due to the public nature of this category. In addition to the general principles of managing state and municipal proper ty inherent in the existing mixed economy, it is also necessary to take into account specific ones that meet the requirements of the transition period.

These include: compliance of the content and methods of management with the nature of reforms and, first and foremost, with ensuring progressive institutional shifts in the economy; focus of management on overcoming the systemic crisis of the economy and implementing its restructuring; compliance of organizational elements of management with the tasks of implementing industrial, investment, innovation and other policy areas.

References:

1. Rozhkov E.V. Ispol’zovanie zemli v granitsakh munitsipal’nogo obrazovaniya kak polozhitel’nyy opyt upravleniya krupnym gorodom [Use of Land within the Boundaries of a Municipality as a Positive Experience in Managing a Large City]. Vestnik soveta molodykh uchenykh i spetsialistov Chelyabinskoy oblasti, 2022, vol. 1, no 1(36), pp. 69–75.

2. Bagaeva L.E., Kondratenko Z.K. Stanovlenie i reformirovanie zakonodatel’stva o privatizatsii munitsipal’nogo imushchestva [Formation and Reform of Legislation on the Privatization of Municipal Property]. Vestnik Mariyskogo gosudarstvennogo universiteta. Seriya: Istoricheskie nauki. Yuridicheskie nauki, 2019, vol. 5, no 2, pp. 166–172, DOI: 10.30914/2411-3522-20195-2-166-172.

3. Akhmatova A.M., Lushinkova T.Yu. Bol’shaya privatizatsiya: tseli, zadachi, osobennosti realizatsii v rossiyskoy ekonomike [Large-scale Privatization: Goals, Objectives, Implementation Features in the Russian Economy]. Obshchestvo, ekonomika, upravlenie, 2018, vol. 3, no 1, pp. 10–16.

4. Mal’ginov G.N., Radygin A.D. Pervye itogi privatizatsionnoy programmy 2017–2019 gg. i osnovnye voprosy upravleniya gosudarstvennym imushchestvom [The First Results of the Privatization Program 2017–2019 and the Main Issues of State Property Management]. Ekonomicheskoe razvitie Rossii, 2018, vol. 25, no 6, Iyun’ — iyul’, pp. 42–55.

5. Grigor’ev L.M., Kurdin A.A. Nereshennyy vopros legitimnosti chastnoy sobstvennosti v Rossii [The Unresolved Question of the Legitimacy of Private Property in Russia]. Voprosy ekonomiki, 2016, no 1, pp. 36–62.

6. Gengut Yu.L. Metodologiya statisticheskogo issledovaniya protsessov privatizatsii gosudarstvennogo i munitsipal’nogo imushchestva na territorii Rossiyskoy Federatsii [Methodology of Statistical Research of Privatization Processes of State and Municipal Property on the Territory of the Russian Federation]. Regional’noe razvitie: elektronnyy nauchno-prakticheskiy zhurnal, 2014, no 2, pp. 112–119.

DOI: 10.33917/es-1.199.2025.80-87

The article dwells on the issues of implementing the strategy of sustainable innovative development of Russian regions as a basis for creating competitive advantages of territories and improving the quality of the population life. The work, in relation to the regions of Russia bordering China, describes the concept of “smart specialization” — a strategy for identifying priority areas for the regions development and enhancing specific types of economic activity, which involves exploiting the potential of their innovative growth, choosing a unique path with a focus on future development. The authors focus on the industry specialization of regions as a basis for determining directions of «smart specialization». As a result of the study, the authors propose the models of crossborder cooperation for the regions of Russia and China based on the «smart specialization» of the above regions.

References:

1. Voronov A.S. Upravlenie ustoychivym innovatsionnym razvitiem regional’nykh sotsial’no-ekonomicheskikh sistem: Monografiya [Management of Sustainable Innovative Development of Regional Socio-Economic Systems]. Monograph. Moscow, YuNITI-DANA, 2022, 287 p.

2. Aver’yanov M.A., Evtushenko S.N., Zhivaykin A.L., Kochetova E.Yu. Strategicheskoe planirovanie v usloviyakh vyzovov tsifrovoy transformatsii [Strategic Planning in the Face of Digital Transformation Challenges]. Ekonomicheskie strategii, 2024, no 1, pp. 54–61, DOI: https://doi.org/10.33917/es-1.193.2024.54-61

3. Orlova L.N. Osnovnye printsipy i podkhody k upravleniyu ustoychivym innovatsionnym razvitiem ekonomicheskikh system [Basic Principles and Approaches to Managing Sustainable Innovative Development of Economic Systems]. Menedzhment v Rossii i za rubezhom, 2016, no 3, pp. 3–9.

4. Alekseev A.V. Vyyavlenie klyuchevykh spetsializatsiy regionov i klasternykh struktur v usloviyakh perekhoda k kontseptsii “umnoy spetsializatsii” (na primere Baykal’skogo makroregiona) [Identification of Key Specializations of Regions and Cluster Structures in the Context of the Transition to the Concept of “Smart Specialization” (using the Example of the Baikal Macroregion)]. Estestvenno-gumanitarnye issledovaniya, 2021, no 38(6), pp. 34–39.

5. Tagirov K.T., Glushchenko A.V., Dovgan’ E.A. Strategiya “umnoy spetsializatsii” regionov kak faktor innovatsionnogo razvitiya [The Strategy of “Smart Specialization” of Regions as a Factor of Innovative Development]. Gosudarstvennoe i munitsipal’noe upravlenie. Uchenye zapiski, 2023, no 1, pp. 152–156.

6. Kroll H. Efforts to implement smart specialization in practice — Leading unlike horses to the water. European Planning Studies, 2015, no 23(10), pp. 2079–2098, DOI: 10.1080/09654313.2014.1003036

7. Sotarauta M. Smart specialization and place leadership: Dreaming about shared visions, falling into policy traps? Regional Studies, Regional Science, 2018, no 5(1), pp. 190–203, DOI: 10.1080/21681376.2018.1480902

DOI: 10.33917/es-6.198.2024.90-97

A special feature of the use of expert networks in public administration is the need to involve collective intelligence technologies based on a competence-based approach. The article proposes a scheme for organizing such use of expert communities with the help of national, sectoral and departmental competency frameworks. Introduction of expert networks in public administration can become a driver for their implementation in all spheres of the economy and public life of Russia, a tool for involving citizens in self-government.

References:

1. The Yankee Group. Knowledge Management. People and the Process. Boston, 1997, 89 p.

2. Friberg M. Expert network market size. Inex One, 2024, available at: https://inex.one/blog/expert-network-market-size

3. Slavin B. Sovremennye ekspertnye seti [Modern Expert Networks]. Otkrytye sistemy, 2014, no 7, pp. 30–33.

4. Noveck B.S. Wiki Government: How Technology Can Make Government Better, Democracy Stronger, and Citizens More Powerful. Washington DC, Brookings Institution Press, 2009, 224 p.

5. Dutton W.H. Networking Distributed Public Expertise: Strategies for Citizen Sourcing Advice to Government. Washington D.C., One of a Series of Occasional Papers in Science and Technology Policy, Science and Technology Policy Institute, Institute for Defense Analyses, 2010. 40 p.

6. EonD top talent accross policy lifecycle. EonD, available at: https://eond.eu/for-clients/government/

7. The OECD Network of Behavioural Insights Experts in Government. The OECD Observatory of Public Sector Innovation, 2024, available at: https://oecd-opsi.org/bi-network/

8. Australian Government Consulting. AGC, available at: https://agc.gov.au/

9. Perechen’ ekspertnykh sovetov pri FAS Rossii [List of Expert Councils under the FAS Russia]. FAS Rossii, available at: https://fas.gov.ru/pages/vazhnayainformacziya/otkryitoe-vedomstvo/ekspertnye_sovety

10. Federal’nyy reestr ekspertov nauchno-tekhnicheskoy sfery [Federal Register of Experts in the Scientific and Technical Sphere]. FGBNU NII RINKTsE, available at: https://reestr.extech.ru/experty/index.php

11. Slavin B.B. Tekhnologii kollektivnogo intellekta [Collective Intelligence Technologies]. Problemy upravleniya, 2016, no 5, pp. 2–9.

12. Boucher S., Hallin C.A., Paulson L., editors. The Routledge Handbook of Collective Intelligence for Democracy and Governance. Abingdon, Taylor & Francis Group, 2023, 522 p.

13. Lepskiy V.E. Metodologicheskiy i filosofskiy analiz razvitiya problematiki upravleniya [Methodological and Philosophical Analysis of the Development of Management Issues]. Moscow, Kogito-Tsentr, 2019, 340 p.

14. Sungurov A. Ekcpertnye soobshchestva i vlast’ [Expert Communities and Authorities]. Moscow, Politicheskaya entsiklopediya, 2020, 231 p.

15. Avdeeva Z.K., Baryshnikov P.Yu., Slavin B.B. Strategicheskoe tselepolaganie v situatsionnykh tsentrakh razvitiya [Strategic Goal Setting in Situational Development Centers]. Moscow, Kogito-Tsentr, 2018, 320 p.

DOI: 10.33917/es-6.198.2024.84-89

The article dwells on the change in the market index of the “Economic Strategies” (MIES) for the first nine months of 2024.

Contribution of supply and demand indicators to the MIES is assessed. Industrial production is analyzed.

References:

1. Informatsiya o XIII s”ezde Federatsii nezavisimykh profsoyuzov Rossii ot 29 oktyabrya 2024 g. [Information about the XIII Congress of the Federation of Independent Trade Unions of Russia dated October 29, 2024]. Ofitsial’nyy sayt Prezidenta RF, available at: http://kremlin.ru/events/president/news/75434

2. Sotsial’no-ekonomicheskoe polozhenie Rossii v yanvare — sentyabre 2024 goda [Socio-economic Situation in Russia in January — September 2024]. Federal’naya sluzhba gosudarstvennoy statistiki, available at: https://rosstat.gov.ru/storage/mediabank/osn-09-2024.pdf

3. Informatsiya o strategicheskoy sessii Pravitel’stva Rossiyskoy Federatsii o formirovanii edinogo plana po dostizheniyu natsional’nykh tseley razvitiya na period do 2030 goda i na perspektivu do 2036 goda ot 12 noyabrya 2024 g. [Information on the Strategic Session of the Government of the Russian Federation on the Formation of a Unified Plan for Achieving National Development Goals for the Period up to 2030 and for the Future up to 2036 dated November 12, 2024]. Ofitsial’nyy sayt Pravitelstva RF, available at: http://government.ru/news/53282/

4. Prognoz sotsial’no-ekonomicheskogo razvitiya Rossiyskoy Federatsii na 2025 god i na planovyy period 2026 i 2027 godov [Forecast of Socio-economic Development of the Russian Federation for 2025 and for the Planning Period of 2026 and 2027], available at: file:///C:/Users/%D0%BF%D0%BA/Desktop/prognoz_socialno_ekonomicheskogo_razvitiya_rf_2025-2027.pdf

5. Frenkel’ A.A., Tikhomirov B.I., Surkov A.A. Sotsial’no-ekonomicheskoe razvitie Rossii v I kvartale 2024 g. — ekonomicheskiy rost uskoryaetsya [Socioeconomic Development of Russia in the First Quarter of 2024 — Economic Growth is Accelerating]. Ekonomicheskie strategii, 2024, no 3(195), pp. 120–125, DOI: https://doi.org/10.33917/es-2.195.2024.120-125

6. Ukaz Prezidenta RF ot 7 maya 2024 g. “O natsional’nykh tselyakh razvitiya Rossiyskoy Federatsii na period do 2030 goda i na perspektivu do 2036 goda” [Decree of the President of the Russian Federation of May 7, 2024 “On the national development goals of the Russian Federation for the period up to 2030 and for the perspective up to 2036”]. Ofitsial’nyy sayt Prezidenta RF, available at: http://kremlin.ru/events/president/news/73986

DOI: 10.33917/es-6.198.2024.72-83

The author presents conceptual restructuring of the real essence of reforming economic and investment activities in late 1991 — early 1992, associated with the introduction of international accounting and reporting standards. Особое и преимущественно разрушительное влияние имело изменение правил реновации основных средств. Changing the rules for renovation of fixed assets had a particular and predominantly destructive impact. Actual destruction of the “depreciation fund” balance sheet in “liberalized” accounting became a trigger for undermining the factors of reproducing industrial potential, reducing the profits of enterprises and the revenues of the consolidated state budget.

References:

1. Ageev A.I., Galushkina M.V., Kopkova E.S., Smirnova V.A., Shtukel’berger K. Integrirovannaya otchetnost’: vyzov menedzhmentu [Integrated Reporting: A Management Challenge]. Moscow, Institut ekonomicheskikh strategiy, Natsional’nyy tsentr nauchno-tekhnicheskoy informatsii, 2017, 212 p.

2. Mervin King: “My dolzhny povernut’ za ugol i vyyti na prospekt stabil’nogo kapitalizma” [Mervyn King: “We Need to Turn the Corner and Walk Out at the Avenue of Stable Capitalism”]. Ekonomicheskie strategii, 2014, no 2, pp. 6–13.

3. Ageev A.I., Ovchinnikov V.V. Sistemnye konstruktsii global’nogo rynka nefti i nefteproduktov [System Designs of the Global Oil and Oil Products Market]. Ekonomicheskie strategii, 2016, no 4, pp. 122–133.

4. Ovchinnikov V.V. Regulirovanie raznykh vidov ekonomicheskoy deyatel’nosti v epokhu shestoy tekhnologicheskoy revolyutsii [Regulation of Various

Economic Activities in the Sixth Technological Revolution Era]. Ekonomicheskie strategii, 2014, no 10, pp. 112–123.

5. Ageev A.I., Met’yuz R., Bol’shakov Z.A. Giperkonkurentsiya [Hypercompetition]. Ekonomicheskie strategii, 2002, no 4, pp. 50–53.

6. Efremov I.A., Igumnov Yu.S. Bukhgalterskiy uchet v ugol’noy promyshlennosti [Accounting in the Coal Industry]. Moscow, Nedra, 1974, 296 p.

7. Sokolov Ya.V., Sokolov V.Ya. Istoriya bukhgalterskogo ucheta [History of Accounting]. Moscow, Finansy i statistika, 2004, 272 p.

8. Fedorovich V.A., Muravnik V.B., Bochkarev O.I. SShA: voennaya ekonomika (organizatsiya i upravlenie) [USA: War Economy (Organization and Management)]. Moscow, Mezhdunarodnye otnosheniya, 2013, 616 p.

9. Sokolov Ya.V. Osnovy teorii bukhgalterskogo ucheta [Fundamentals of Accounting Theory]. Moscow, Finansy i statistika, 2000, 496 p.

10. Radina V.A., Yakutin Yu.V. Novye finansovye tekhnologii sistemy upravleniya ekonomicheskoy deyatel’nost’yu [New Financial Technologies for Economic Activity Management Systems]. Finansovaya zhizn’, 2024, no 2, pp. 108–146.

11. Strel’tsov A.V., Yakovlev G.I. Soderzhatel’naya otsenka roli amortizatsii kak istochnika investitsiy dlya modernizatsii predpriyatiy [Substantial Assessment of the Role of Depreciation as an Investment Source for the Enterprises Modernization]. Vestnik Samarskogo gosudarstvennogo ekonomicheskogo universiteta, 2021, no 3, pp. 53–60.

DOI: 10.33917/es-6.198.2024.64-71

Special investment contracts are bilaterally binding agreements that can be amended or terminated at the initiative of either party. Thus, about 10% of special investment contracts concluded with the par ticipation of the Russian Federation under the SPIC 1.0 and SPIC 2.0 models from 2017 to September 2024 were cancelled or terminated. Provisions of more than 25% of concluded special investment contracts were changed at the initiative of the private par ty to the contract, some of them were modified several times. The ar ticle examines the issues of parties’ liability to a special investment contract for non-fulfillment or improper fulfillment of contractual obligations, analyzes dynamics of changes and terminations of concluded SPICs and assesses such phenomena from the point of view of their impact on achieving the goals of public legal entities.

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