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Purpose: The aim of this article is to present the processes of economic security of the Penitentiary system of the Russian Federation. Design/Methodology/Approach: Research methodology is based on the works of world known scientists (specialists in the sphere of penitentiary production, law and administration), systematic approach and dialectic method. Authors used a wide information base that consists of legislation and statistics of the Russian Federation. Findings: Authors justified separate spheres, within which the abstract isolated control functions of the prison industry are to be implemented (finance, personnel, technology). Authors analyzed the prerequisites of the Penitentiary system’s economic security provision. For this reason, several significant problems that have the character of contradictions were determined. Practical Implications: The research results may be implemented into Russian legal and socioeconomic framework to improve and increase the penitentiary systems’s economic security. Originality/Value: The main contribution of this study is the highlighted interconnections between Russia’s economic security and the development of the Russian Penitentiary system’s production sector.

international journal of economics and business administration

Production Projects under Public-Private Partnership in the Sphere of Economic Security of the Penitentiary System: Issues of Financial, Personnel and Operational Management