The value of the financial mechanism in the formation of intraeconomic relations of the Russian economy

In the article the authors substantiate the gap between the real and financial sectors, the secondary nature of real production, the growth of speculative finance capital in the world economy, and in the national economy of Russia. The predominance of unproductive motivation of business entities led to the destruction of an effective mechanism for financing the activities of entities in the real sector, including on an innovative basis. Partially, the roots of the crisis lie in the level of loan interest and reinforce the contradiction between the credit and corporate subsectors of the Russian economy and the inaccessibility of credit for small businesses. This necessitates of the development of a strategy focused on the formation of interconnections between the real and financial sectors, the innovative potential and a powerful financial system based on endogenous credit sources, firstly, on using the loan fund of the Bank of Russia, and, secondly, developing the use of targeted refinancing mechanisms for banks. For the formation of interrelations of the considered sectors for the purpose of innovative development, direct state financing is also effective, including on a returnable basis, as well as a mechanism of public-private partnership.