Strategic objectives of international and legal regulation of companies constructing power facilities in foreign countries

Saint-Petersburg State University of Economics, Sadovaya Street, 21, 191023 Saint-Petersburg, Russia

Abstract

The article is considered with strategic objectives of regulating activities of Russian companies abroad. It is emphasized that the construction of Russian facilities in the energy sector abroad is a significant area of attraction for a whole range of geopolitical and economic interests of both our country and other countries interested in cooperation with Russia. The issue of preventing cross-border threats from the construction of such facilities, creating a common legal platform for countries, ensuring an orderly system of the international legal framework for investment activities is considered. The conclusion is made about a kind of “renaissance of protectionism” and a certain “rollback” in the development of liberal international trade and global energy. It is concluded that today energy security of entire regions of the planet and individual countries is becoming a hostage to geopolitical competition, as a result of which obstacles and risks arise for the implementation of large energy projects. Meanwhile, energy security becomes one of the dominant strategic objectives ensuring the sustainable development of mankind in the context of rapid economic development and climate instability on the planet.