Introduction. In modern conditions the great value is got by neo-industrial modernization of economy of Russia. It is necessary to analyse problems, restrictions and effects of modernization. Relevance of research is defined by it. Theoretical analysis. Neoindustrialnny modernization is complex process of restructuring and creation of the integrated economy making competitive production. As its restrictions act: weakening of a role of the state in economy, inequality deepening, raw model of economy, corruption. Discussion of results.