DEVELOPMENT OF LEASING AS A TOOL FOR FINANCING ENTERPRISES IN THE RUSSIAN FEDERATION

Abstract

The relevance of the study is due to the fact that leasing financing plays a key role in updating the material and technical base and increasing the competitiveness of Russian enterprises, which is especially important in modern conditions. The article is devoted to the practice of developing leasing financing of Russian enterprises in the context of external challenges in 2020-2024. The object of the study is leasing relations in the Russian Federation. The subject of the study is the indicators of leasing development in financing the activities of enterprises in the Russian Federation. The purpose of the study is to identify problems that are relevant for the leasing market in the context of high interest rates, as well as to search for possible ways to solve them. To achieve the goal of the study, the following tasks are solved: reflect the theoretical aspects of the development of leasing as a tool for financing the activities of enterprises in Russia; analyze the practice of developing corporate segments of the leasing market in Russia and identify current problems; develop recommendations to partially mitigate the negative impact of external restrictions on the development of leasing in Russia. Research methods: economic and statistical methods, financial and economic methods, comparative analysis method. Research results: the study showed that in 2022 and 2024 there was a decline in new leasing business, which in 2022 was due to the introduction of sanctions, and in 2024 - to an increase in the key rate of the Bank of Russia. The problems of development of leasing financing of Russian enterprises related to insufficient digital transformation of the leasing business, weak development of ESG leasing, rapid growth in the volume of property seized from lessees were identified, and the prospects for the development of leasing financing of enterprises in 2025 were assessed.