Author: Darya D. Shkuta

Abstract:

Economic sanctions introduced by some countries against Russia can be regarded as a challenge, on the one hand, stimulating the development and introduction of innovations in the country, but on the other hand, creating a risk of failure to implement some initiated and planned innovation projects because of the rejection of foreign partners to participate in them. In such context it is crucially important to develop a system of financial risk management of domestic innovative projects what is specifically discussed in the present paper.

Keywords: innovative project; financial risk management system; methods of financing risks.