Abstract
The article analyzes the trend of deterioration of the investment climate in Russia, which manifests itself in the low growth rates of the Russian economy, a decrease in the flow of foreign direct investment in the country, and a constant outflow of capital abroad. The aim of the study was to analyze the systemic causes of this phenomenon. In the course of solving the posed problem, the key factors of reducing the investment attractiveness of the Russian economy were determined by the state's tight monetary policy, tax rates, high regulatory burden on business, intensity and unpredictability of changes in the regulatory framework, and low efficiency of the judicial system. On the example of a special state investment policy pursued in the Far Eastern Federal District, the positive impact on the investment climate of measures to reduce the effects of these factors was shown. The above recommendations can be used by authorities to improve the investment conditions of enterprises at the local, regional and federal levels.