Risk formation and sustainable development of the fuel and energy industry of Russia are considered. Special attention is paid to their geodynamic causes. The mathematical model presented is unique and has not been presented, although others outside of Russia have discussed geodynamic risks of petroleum. Fuel and energy is presented as a territory allocated system that implements the strategic goals of ensuring the safety of the Russian Federation. Risk management strategies are shown, their structure and relationships are described. As an example, the risks of the oil and gas complex are described. It is concluded that the geodynamic. risks require taking into account their implementation specific in relation to the country's fuel and energy industry, which is one of the main its innovative developments. © 2025 Elsevier B.V., All rights reserved.