The article gives a detailed statistical analysis of the development of industry in Russia. The main problems hindering the development of the mining industry in Russia and its transition to innovative development. The different views of the scientific community on fiscal policy. The hidden factors of economic braking of development of the countries inherent «a resource damnation». Recommendations for the development of the sector in the medium term.

Authors analyze dividend policy changes required to maintain global competitiveness by Russian oil and gas sector companies. Relationship between dividend policy and rate of return on corporate shares was scrutinized.