The forest management system established in Russia in recent years is characterized by a number of problems, including economic ones. The article reveals conceptual theoretical and methodological provisions for the development of sustainable forest management based on the formation of an appropriate environmental and economic mechanism. The essence of sustainable forest management should be considered in the context of economic, environmental, social and international aspects, taking into account the formation of effective multipurpose use of forest resources, as well as the strengthening of the environmental component in the development of forestry. The ecological-economic mechanism of sustainable forest management is proposed to be considered as a set of resources and methods of their connection in the process of economic, environmental and social forest management through the effective management of forestry activities. The main principles of the formation of the ecological-economic mechanism of sustainable forest management are outlined. Thus, the scattered views on the environmental-economic mechanism of sustainable forest management determine the need to streamline the existing economic methods of forest management, improve the efficiency of forestry activities and develop tools to obtain different types of effects: economic, environmental and social.