The rouble depreciation in H2 2014 and in 2015 led to a substantial rise of prices in the Russian economy amid sanctions. Those and related changes (e.g., foreign trade shocks and related updates of importers' strategies) also influenced price sensitivity (rigidity) to rouble exchange rate...

The monetary policy priority for the coming years is to maintain the inflation rate at 4%, according to the Draft Guidelines for the Single State Monetary Policy in 2018 and for 2019 and 2020. Monetary authorities will continue to pursue a moderately tight monetary policy, but the objective of...

Material changes in the Russian tax administration have boosted tax revenues on the back of improved tax collection performance, without raising the tax burden. Tax service informatization allows for automatic detection of fly-by-night companies, thereby contributing to the formation of a fair...

The second half of 2017 was a tough period for Russian enterprises; in particular, in the middle of the year industrial enterprises saw the demand for their products expand at slower pace. In November, however, a representative indicator set of Gaidar Institute's business survey statistics...

The characteristic feature of mid-2017 is a slowdown in the production growth pattern that emerged earlier this year, and its downward slide towards stagnation. The majority of manufacturing industries continue to display a zero or negative dynamic, the only exception being those that are linked...