Regional economic policy under sanctions pressure: mechanisms for stimulating investments

Abstract

Under sanction pressure, mechanisms for stimulating investment activity implemented at the regional level are of particular importance. The purpose of this study is to analyze the tools of Russia’s regional economic policy and to identify their effectiveness in ensuring socio-economic resilience. The materials include Rosstat statistical data, official strategic planning documents, as well as results of domestic and foreign research. The methodological basis comprises a systemic approach, comparative and economic-statistical analysis, and the case study method.

The results of the study demonstrated that the most effective investment stimulation tools are tax incentives, budget subsidies, and public-private partnership mechanisms. Their combined application contributes to capital investment growth and mitigates the negative effects of sanctions. At the same time, significant interregional differentiation in policy effectiveness was revealed, highlighting the need for targeted support measures that account for the socio-economic specifics of Russian regions.

A comparison with international studies confirmed the heterogeneous impact of sanctions, which reinforces disparities among regions. It is concluded that a flexible regional policy focused on growth diversification and institutional environment improvement is required.