Import substitution as a factor affecting the financial stability of an enterprise in an unstable economic environment

The financial stability of an enterprise is one of the key indicators of its effective functioning, as well as the basis for making decisions on improvement and development. Currently, in an unstable political and economic situation, the issue of maintaining financial stability at an acceptable level is particularly acute, since changes occurring in the external environment, which is a certain combination of a number of factors and conditions, have a significant impact on the activities of an economic entity and may negatively affect its financial stability. Import substitution is a striking example of an environmental factor that significantly affects the financial stability of an enterprise in the light of recent events at the beginning of 2022. Due to the fact that economic entities depend on sanctions the suspension of supplies from abroad can negatively affect domestic production, and in some cases lead to bankruptcy in a number of industries. Therefore, the government now faces the most important task of solving the problem of import substitution.