Development of the Republic of Tuva as a mountain region: a concept of the economic policy
G.F. Balakina1 , N.V. Koloskova2, R.M. Shakhnovich2
1 Tuvinian Institute for Exploration of Natural Resources of Siberian Branch of the Russian Academy of Sciences, Kyzyl, Russian Federation
2 Siberian University of Consumer Cooperation, Novosibirsk, Russian Federation
Russian Mining Industry №5 / 2025 p. 131-136
Abstract: Based on the analysis of social and economic processes in the Republic of Tuva, this article defines specific features of the region's development and the tasks that need to be solved by 2030, including the development prospects for the mining industry. The purpose of the study is to analyze and systematize trends in the development of the economy and social sphere in the Republic of Tuva both in recent years in a short-term forecast period, and to determine the directions to enhance the development of the republic. Considerable attention is paid to studying the financial component, i.e. the opportunities and ways to reduce the subsidies for the regional budget. The directions for the investment activity and ensuring the growth of the investment attractiveness of the region are proposed. The conclusion is made that a dynamic and effective development of the Republic of Tuva as a mountainous region needs a conceptual approach that would include strategic decisions at the state level, i.e. a vision of the future for the region as an agricultural, or raw materials, or tourist region. The use of new instruments is recommended to regulate the regional development at the present stage.
Keywords: region, Republic of Tuva, development trends, mining industry, subsidy budget, development concept
For citation: Balakina G.F., Koloskova N.V., Shakhnovich R.M. Development of the Republic of Tuva as a mountain region: a concept of the economic policy. Russian Mining Industry. 2025;(5):131–136. (In Russ.) https://doi.org/10.30686/1609-9192-2025-5-131-136
Article info
Received: 02.06.2025
Revised: 09.07.2025
Accepted: 12.07.2025
Information about the authors
Galina F. Balakina – Dr. Sci. (Econ.), Tuvinian Institute for Exploration of Natural Resources of Siberian Branch of the Russian Academy of Sciences, Kyzyl, Russian Federation; https://orcid.org/0000-0003-2387-7190; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Natalia V. Koloskova – Cand. Sci. (Econ.), Associate Professor of the Department of Financial Markets and Insurance, Siberian University of Consumer Cooperation, Novosibirsk, Russian Federation; https://orcid.org/0000-0002-1821-4256; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ruvim M. Shakhnovich – Dr. Sci. (Econ.), Professor, Department of Theoretical and Applied Economics, Siberian University of Consumer Cooperation, Novosibirsk, Russian Federation; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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