ANALYSIS OF THE RELATIONSHIP BETWEEN RUSSIAN ECONOMIC GROWTH AND TECHNOLOGICAL INNOVATION IN THE ENERGY INDUSTRY
Keywords:
Russia; economic growth; energy industry; technological innovation; relationshipAbstract
Affected by economic sanctions in Europe and the United States, Russia’s original economic development model that relied on the export of primary energy products exposed many problems. To achieve stable economic growth, it is necessary to quickly promote the transformation of the economic structure. The energy industry can be appropriately adjusted to reduce production costs and increase industrial productivity through corresponding technological innovation activities, and then promote the evolution and upgrade of the energy industry. In fact, Russia has always attached great importance to the development and evolution of the energy industry, such as the exploration and development of the marine continental shelf in the Arctic in recent years. The implementation of these projects requires the support of advanced technology. This article analyzes the relationship between Russia's economic growth and technological innovation in the energy industry, hoping to learn from Russia's experience and provide a reference for the development of my country's energy industry and economy.
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