Fuel and energy sector in Russia in the structure of industrial modernization

Abstract

The article deals with the problems of structural modernization of the Russian economy in the context of using the potential of the fuel and energy sector. The authors reveal the structural modernization regularities and the role of the fuel and energy sector as the most important component in the development of the country's productive forces. Generating a sustainable economic growth trajectory requires increasing the efficiency of using the potential of the energy sector. It is proved that the low technical and technological level of the extractive and processing industries of the fuel and energy sector, price imbalances, and the devaluation of the ruble do not meet the strategic goals of industrial development and achieving economic security.