Our website uses cookies. By continuing to use this site, you agree to our use of cookies in accordance with this notice and the Terms of Use.
For authors Editor Contacts News Announcement
Submit manuscript
JOURNAL OF MONETARY ECONOMICS AND MANAGEMENT
Journals / JOURNAL OF MONETARY ECONOMICS AND MANAGEMENT / Issue 8 / MECHANISM OF EXPORT REVENUE RECIRCULATION IN THE MONETARY PROVISION OF INVESTMENT SUSTAINABILITY FOR THE ELECTRIC POWER COMPLEX OF HARD-TO-REACH AND NORTHERN TERRITORIES
UDC 339.137.2

MECHANISM OF EXPORT REVENUE RECIRCULATION IN THE MONETARY PROVISION OF INVESTMENT SUSTAINABILITY FOR THE ELECTRIC POWER COMPLEX OF HARD-TO-REACH AND NORTHERN TERRITORIES

Published in JOURNAL OF MONETARY ECONOMICS AND MANAGEMENT · Issue 8 · Pages 178–183 · Rubric: SCIENTIFIC ARTICLES
DOI: https://doi.org/10.26118/2782-4586-2026-178-183 · EDN: FEJIRH
Received: 14.05.2026 Accepted: 11.06.2026 Published: 31.08.2026
Authors
AN
Anna V. Gorbenko
ABSTRACT
The article examines the organizational and economic mechanism of recirculating a portion of export revenues from high-tech energy solutions as a key monetary instrument for ensuring the investment sustainability of the electric power complex in hard-to-reach and northern territories. The relevance is driven by the chronic underfunding of energy infrastructure in the Arctic zone of the Russian Federation and the Far East, a high share of diesel generation, critical equipment depreciation, and the absence of closed extra-budgetary sources of investment. The author proposes a four-phase recirculation model, including technology localization, patent protection, export monetization, and targeted reinvestment of a portion of export revenues into a specialized development fund. In contrast to traditional budget and credit financing, the proposed mechanism forms a self-sustaining ecosystem of technological development, reduces the time required to move down the learning curve, accelerates the achievement of serial production, and lowers the levelized cost of electricity for end consumers.
KEYWORDS
export, monetary provision, investment sustainability, electric power complex, hard-to-reach territories, technological sovereignty
Text References
Text
Text (PDF)
Read Download

1. Decree of the Government of the Russian Federation No. 1210 of August 14, 2025 "On Amending Decree of the Government of the Russian Federation No. 698 of May 22, 2025".

2. Directive of the Government of the Russian Federation No. 1-r of January 8, 2009 (as amended on May 29, 2025) "On the Main Directions of State Policy in the Field of Improving the Energy Efficiency of the Electric Power Industry Based on the Use of Renewable Energy Sources for the Period up to 2035".

3. Directive of the Government of the Russian Federation No. 908-r of April 12, 2025 "On Approval of the Energy Strategy of the Russian Federation for the Period up to 2050".

4. Gorbenko, A.V., & Gorbenko, A.O. (2024). Global value chains and digital sovereignization: Increasing the competitiveness of nuclear industry enterprises for the development of electric power industry in northern regions. Natural Sciences and Humanities Research, (6), 233–238.

5. Gorbenko, A.V., Lozenko, V.K., & Khromov, E.E. (2025). Economics of scaling nuclear technologies for energy supply to hard-to-reach territories. Bulletin of the Academy of Knowledge, (6), 165–170.

6. Kryukov, V.A., & Gorlov, A.A. (2019). Forecasting the development of wind energy in the North Sea basin based on learning curves. Problems of Forecasting, (2), 93–103. DOI: https://doi.org/10.1134/S1075700719020084

7. Smolyakov, A.S., Gorbenko, A.V., & Karpov, V.E. (2025). Methodology for comparative analysis of the levelized cost of electricity generation to justify the modernization of energy systems in the Far East. Natural Sciences and Humanities Research, (2), 425–428.

8. Mazzucato, M. (2017). Wealth creation and the entrepreneurial state. In National wealth: What is missing, why it matters (pp. 205–220). DOI: https://doi.org/10.1093/oso/9780198803720.003.0009

9. Perez, C. (2010). Technological revolutions and techno-economic paradigms. Cambridge Journal of Economics, 34(1), 185–202. DOI: https://doi.org/10.1093/cje/bep051

10. Rodrik, D. (2022). An industrial policy for good jobs. Hamilton Project—Policy proposal. Washington, DC: Brookings Institution.

PDF JATS XML
The contact persons
Editor-in-Chief, editorial board chair
Kivarina Maria Valentinovna, Doctor of Economics, Professor of the Department of Digital Economics and Management of Yaroslav the Wise Novgorod State University.
154
downloads
Crossref RINC RINC Science Index
© jomeam.ru
Agreement Personal data protection and processing policy Support Powered by Editorum, 2026 Instructions
Login or Create
* Forgot your password?