Implementation of large-scale investment projects with state participation under sanctions

Abstract

The article conducts a study on the basis of which it is established that, according to a sample of thirty randomly selected subjects of the Russian Federation, in 23.33% of cases the behavior of regional financial models demonstrated a pronounced narrowing of the public sector. This circumstance confirms the presence of different economic models among the constituent entities of the Russian Federation, not all of which, during the period from 2011 to 2021, retained the effective ability of state participation in co-investment of large-scale investment projects. Using the example of one of the constituent entities of the Russian Federation (the Republic of Bashkortostan), in the analyzed period, a decrease in the state role was recorded in terms of opportunities for co-investment in large-scale investment projects in comparison with the increased financing of the economy at a lower rate from the regional budget.