Strengthening the technological sovereignty of the Russian oil and gas industry in the context of turbulent geopolitics in the world

Every year, the energy sector of the Russian Federation (hereinafter referred to as RF) is faced with the emergence of new restrictions from other states that hinder its strengthening. After the introduction of a number of regular packages of sanctions by Western countries and the United States of America against the RF, implying a ban on a large number of supplies of equipment and technologies to the oil and gas industry, it becomes obvious that there is a need for domestic developments. In the current geopolitical situation, domestic oil and gas companies have the opportunity to expand their markets, create new areas of activity in the form of production of their own equipment and technologies in the field of drilling oil and gas wells on land and at sea, extraction of hydrocarbon resources, information technologies with the prospect of reaching the international level. The purposes of this study are to analyse the policy of strengthening the sovereignty of the Russian oil and gas industry over the past 10 years and identify key areas for its further development. Also, within the framework of this article, the main domestic companies that have succeeded in developing their own technologies and equipment are identified, possible threats hindering the implementation of import substitution policy are found, and possible solutions are proposed.