ANALYSIS OF INNOVATION AND TECHNOLOGICAL OF THE RUSSIAN FEDERATION

The subject of the article is research of the trends of innovative and technological development of the Russian Federation taking into account the impact of the foreign policy environment. The aim of this paper is to perform analysis of the real state of innovative and technological capacity taking into account the parameters of technological effectiveness of the national economy. Methodology – common econometric approach is applied, analysis and synthesis methods are used. Result and area of application – the level and dynamics of technological development and innovative activity of organizations of domestic economy for 2012-2015 are analyzed. The conclusion is that in 2014 and 2015 the pressure of Western sanctions has not been reflected on the pace of technological development of the country. Obtained results can be used to determine prospects for development of innovative activity in the Russian Federation. Conclusions - Foreign policy factors have no significant impact on the development of the Russian economy. The main challenges are caused by internal factors such as underinvestment in fixed capital, aimed at reconstruction and modernization, high economic risk of innovations etc. However, there is enough economic capacity for further development in the Russian Federation.