SANCTION PRESSURE INFLUENCE ON ENERGY SAVING PROCESSES AND INCREASE IN ENERGY EFFICIENCY

Sanctions pressure from western countries caused a significant damage to the economy of Russia and exerted a negative influence on socioeconomic and innovative development, as well as on processes of energy saving and increase in energy efficiency. Due to the high level of power consumption of products of Russian manufacturers, energy saving and increase in energy efficiency can be considered as the most important priority of innovative development that should have a strategic character and penetrate all other priorities of the technological upgrade. This article proves the statement that the activation of processes of energy saving and increase in energy efficiency due to widespread innovations will contribute to the development in the world market of competitive goods and technologies, at the same time exerting a considerable influence on solving the problems of import substitution and economic growth acceleration. As a result of the conducted research, various scenarios of development of the Russian economy under conditions of the continuous sanctions pressure from western countries were developed, and their impact on processes of energy saving and increase in energy efficiency was assessed. It is shown that the activation of processes of energy saving and increase in energy efficiency is necessary in case of any of the considered scenarios to enter a new level of the country development in the conditions of the pursued import substitution policy. (C) 2019 Published by Future Academy