Swedish business sees Russia as having huge potential in various spheres and recognizes its strengths. Declaring a technological breakthrough as a top priority for Russias development is of utmost importance. Russia can rely on its outstanding human capital and quality technological education, and it has all the prerequisites to be a leading global economy. In this context, joint projects between Swedish investors and Russian partners are coming to the fore, allowing participants to boost ties and share experience in the field of innovation. The further intensification of the intergovernmental dialogue and removal of the existing obstacles to regular contacts in this sphere will be of strategic importance for developing economic ties between Russia and Sweden and ensuring a technological breakthrough. What measures are needed to support and accelerate the development of cooperation between Russia and Sweden? How can the federal government and regions further motivate Swedish companies to continue investing in Russia? How will Russia and Sweden find common growth points to enhance their cooperation?