The second part of the scientific monograph contains the results of analyzis the effectiveness of corporate risk management and internal control systems. The scientific literature contains a fairly large number of methods that allow to evaluate the effectiveness of managerial decisions within the company, but most of them are designed to formally assess the functionality of a particular system of risk management in relation to the world wide "best practices". The monograph presents the recommendations on the organization of integrated risk management methodology and assess its effectiveness in accordance with modern trends in decision-making, such as short-termizm focus on short-term business profitability. The theoretical propositions supported by empirical calculations, analytical studies and practical recommendations. The emphasis is on managing business uncertainty, and as a result, growth in the discount rate and the reduction of investment attractiveness as a result of lack of transparency of administrative processes and the lack of clear criteria for evaluating the effectiveness of the processes. This monograph is intended for students, teachers and scientists, researchers, and professionals operating in the field of risk management.
The article discusses the problems encountered in the oil and gas industry due to sanctions and a decrease in oil prices. Analyzes the risks of oil and gas related to the prohibition of supply of imported equipment and technology, the deterioration of the resource base of hydrocarbons, reduced demand for mined materials. To exit from this situation is considered a range of measures, the most significant of which is the need to encourage the development of innovative production of domestic equipment, in line with best samples of the world, the development of modern technologies.