CHALLENGES IN THE DEVELOPMENT OF VENTURE FINANCING UNDER ECONOMIC SANCTIONS

This article explores the theoretical and practical aspects of the venture capital market in Russia under economic sanctions. The key characteristics of venture financing are analyzed, including staged investment and project selection mechanisms. The structural transformation of venture investments in response to sanctions is examined. Major barriers to the development of venture financing are identified, along with the market’s adaptive mechanisms. Particular attention is paid to new deal structuring models and the geographic diversification of investment flows. The article presents statistical data illustrating the dynamics and current state of Russia’s venture market.