Current issues of management of enterprises transferred to the state ownership of the Russian Federation from foreign capital in the context of geopolitical tension

Relevance . The Russian economy is facing a wide range of challenges and threats under unprecedented sanctions pressure. It is necessary to make decisions on the further development of the Russian economy through the structural transformation of the economic system in the new realities. With the changing geopolitical situation, the problem of studying the process of alienation of foreign enterprises and their transfer to the management of the Russian state is becoming relevant. The purpose is to analyze the management mechanisms of enterprises that have become state property of the Russian Federation from foreign capital to ensure economic security. Objectives : identification of prerequisites for the implementation of retaliatory measures; consideration of the external administration for the management of the organization; critical analysis of the positive and negative aspects of external economic management used for foreign companies in the context of new challenges and threats to national security; systematization of regulatory support for the nationalization of enterprises; disclosure of the mechanism for the transfer of foreign capital under the Russian jurisdiction of federal authorities and the subsequent existence of in the new conditions; management analysis of companies whose assets have been temporarily managed, as well as their future development prospects. Methodology . The research is based on system information analysis, the use of logical research methods, methods of comparison, analysis and synthesis, forecasting and prediction. Results: a new management mechanism for enterprises that have been transferred to state ownership from foreign capital, which would be a kind of hybrid of the external management procedure provided for by the bankruptcy law, supplemented by an element of asset substitution. Conclusions . The methodological basis for the effective management of foreign enterprises that have become state-owned due to various reasons (bankruptcy, liquidation, political situation, money laundering and corruption, violation of the corporate code) is formulated. The development of modern approaches to the nationalization of property of foreign investors and the improvement of the external management mechanism are proposed. The alienation of property should take into account the specifics of the economy, the goals of import substitution and ensuring national security, primarily financial security.