The role of real sector entities in the formation of a new model of the Russian economy: Challenges and opportunities

Aim . The work aimed to reveal the nature of relations between entities of the real sector of the economy in the context of new challenges and opportunities for economic management from the standpoint of ensuring long-term interests of the development of the Russian economy and the formation of its new model. Objectives . The work seeks to analyze the challenges and opportunities that determine the current economic situation in Russia; to show the reaction of real sector entities to these processes; to reveal the nature of relations between the state and the economy private sector entities in the context of new challenges and economic opportunities. Methods . The authors employed logical and analytical approaches, abstraction, and theoretical generalization. Results . The challenges and opportunities that determine the current situation in the Russian economy are identified and systematized. The nature of relations between the state and the economy private sector entities is revealed in the implementation of the goal of achieving technological sovereignty in the context of new challenges and economic opportunities. The priority tasks set nowadays for the real sector in Russia are emphasized. Conclusions . The identified opportunities for the formation of a new model of the Russian economy from the standpoint of the active role of real sector entities are not fully fulfilled. The main reason for the underutilization of the existing potential for the formation of a new economic model consists in the imperfection of market mechanisms in times of crisis and mobilization economy. The application of the established experience of planning at the macro level demonstrates the insufficient effectiveness of the existing Russian planning system. Therefore, we can conclude that it is necessary to reinforce planning principles to achieve technological sovereignty in the Russian economy.