TRANSFORMATION OF INVESTMENT ACTIVITY VECTOR OF THE RUSSIAN ENGINEERING ENTERPRISES IN THE CONTEXT OF THE CRISIS SITUATION IN 2022
The beginning of 2022 has become a certain test for the engineering industry due to the aggravation of the geopolitical situation. Economic isolation as a result of sanctions processes has multidirectional consequences for the Russian machine-building complex. On the one hand, prospects are opening up in the domestic market, including in terms of the development of import substitution. On the other hand, today global economic relations are disrupted and external sales markets are significantly reduced, which cannot but have a negative impact on production volumes and the investment potential of organizations, at least in the short term. The purpose of the study is to assess the investment activity of Russian engineering enterprises in order to determine the directions and possibilities for overcoming the emerging crisis situation. To achieve this goal, an analysis was made of the level of industrial production and the share of investments in fixed capital by sub-sectors of engineering.. The results of the study made it possible to draw a conclusion about a significant drop in investment volumes after the February events, which, among other things, was facilitated by increased inflation. Under the current conditions, the intensification of investment activity is an important component in solving existing structural problems and sustainable development of the economy. The scientific novelty lies in the identification and evaluation of the vector of investment activity of Russian engineering enterprises, as well as the identification of factors contributing to the exit from the crisis situation in 2022.