Shipbuilding Industry: Ensuring Economic Security under Conditions of Sanctions and Import Substitution Programs

Abstract

In the article, the authors examined the trends of shipbuilding industry development and the necessity to ensure its economic security. The Russian Federation is a major leader in ship transportation, both within the country and between different continents. It is worth noting that the need for modern vessels for various purposes, ranging from fuel-filling barges to container ships, is constantly growing. This is due not only to the development of te freight transportation industry, but also to the growing physical and moral deterioration of shipping transport in the Russian Federation. And under conditions of external economic restrictive sanctions, the growth of negative impact on the development of shipbuilding industry is undeniable. Worsening of economic condition of shipbuilding enterprises leads to the necessity to develop measures to increase the level of economic security of this type of organization. The purpose of the study is to analyze the situation and determine the role of effective management in the field of economic security of shipbuilding industry enterprises. Methods of economic and financial analysis, comparison, correlation, factor and coefficient analysis should be noted among the research methods defining its methodology. The authors used a wide range of data concerning the state of the industry at the current stage of economic development in the Russian Federation for the study. As a result, the management theories of shipbuilding enterprises in the Russian Federation are considered, which are used in the process of developing effective methods to ensure economic security of relevant business entities. The authors emphasize the importance of adaption process of shipbuilding enterprise management to negative phenomena in the form of restrictive economic sanctions and creation of effective risk management system.