New directions of Russian export strategy

Nowadays a competent foreign trade policy has a great influence on achieving Russian economic sovereignty, national competitiveness and resilience to external challenges and risks. This paper considers Russian export strategy by analyzing state financial and non-financial support system of domestic exporters and the foresight of Russian export policy. It discusses the problem of export potential development. Namely, the article reveals new large stable areas of export specialization and draws special attention to non-primary non-energy exports. It analyzes the role of non-primary non-energy export sector in the overall structure of Russian exports of goods and services, identifies the most important industry export clusters to ensure the diversification of the export sector in the long term and proposes a step-by-step implementation method of new export directions. This paper also formulates a forecast of Russian export development based on promising companies activity. The authors conclude that an effective export strategy unites export state support system and competitive export sector, based on the modernization of fuel and raw materials specialization and the simultaneous development of non-energy non-energy exports.