Support for Industry and Business in Russia During the COVID-19 Pandemic

   The article presents a study of forms of state support for industry and business in Russia, as well as their methodological and organizational and practical support.

   The aim of the study is the evaluation of modern mechanisms for implementing measures to support industrial development during the COVID-19 pandemic.

   An essential element of the national recovery plan for both investment and aggregate consumption is the identification of industry segments that should launch activities in their associated business areas, including the small and medium-sized businesses that are most affected by the COVID-19 pandemic. The analysis of the forms of state support for sectors of the manufacturing industry being at the same time the drivers of economic growth in the interpretation of the Government of the Russian Federation (forecasts of economic development) showed that almost all known areas are used to implement such efforts to ensure the growth and development of these subjects. The authors concluded that the reasons for the low efficiency of implemented measures are both shortcomings in the economic assessment of the state of industries, their micro-economic entities and factors affecting them, and management shortcomings, including errors in determining the goals of the activities/programs/strategies, their planning and organization, implementation and control as well.

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