Development of Approaches to the Implementation of Regional Policy in Russia

The article examines the issues of the formation of regional policy in Russia. The need for its consistent implementation in any socio-political and socio-economic conditions is substantiated. Comparisons are made between the practice of developing and implementing regional policy at the beginning of market transformations and modern conditions. The fundamentally important role of the state in solving the problems of eliminating imbalances in regional development is substantiated. The types and directions of Russian regional policy, as well as methods of its financial resource support, are considered. The characteristics of the most relevant measures of financial regulation of regional development processes related to ensuring the balanced development of territories, the implementation of large-scale projects, the possibility of attracting borrowed funds and involving the population in decision-making processes on the allocation of resources to solve socially significant problems of regional development are given.