Development of Russian Economy’s Self-sufficiency in the Face of Global Challenges

Self-sufficiency of the national economy is one of its main characteristics in case of introducing financial and technological restrictions against the country. The aim of this work is to develop algorithms to increase the Russian economy’s self-sufficiency in conditions of sanctions restrictions. On the basis of the retrospective analysis of self-sufficiency indicators, the branches of the national economy, the most affected by sanctions and changes in the world market, including trade, hotels and restaurants, education, have been singled out. At the same time the best practices of self-sufficiency management are analyzed. Models and schemes to improve the competitiveness and self-sufficiency of the Russian economy are developed. The basis of the proposed models is the coordination of economic interests of all market entities. The result of the work is the organizational-economic model for the development of the Russian economy’s self-sufficiency. The scheme is designed for use by state authorities at the federal and regional levels in order to make scientifically sound management decisions in the formulation of long-term socio-economic development programs, improve competitiveness and ensure the self-sufficiency of the Russian economy. The recommendations can be used to modify Russian economic policy, programs of increasing the competitiveness of regions and domestic producers, for scientific and educational purposes.