It by all means is nearly twofold devaluation of the national currency amid falling crude oil prices that was the key event in the period under review, which determined Russia’s economic development vector.

Russia’s government began to implement its anticrisis plan for 2015 by adopting specifi c documents in the period under review. Despite its pro-market rhetorical statements, the government has so far taken no substantial steps towards economic reforms and enhancing the business environment in...

It’s worth noting that administrative bodies in the period under review made active eff orts in rule-making regarding the issues within the scope of their competence. Considering the challenging situation faced by Russia due to western sanctions, there are two reasons that might cause such an...

The period of October–November 2014 was very unstable economically. The rapid slide of crude oil prices, below $80 per barrel, was followed by a nearly 40% depreciation of the ruble against world currencies. Having lifted li mits on the ruble exchange rate fluctuations and imposed limits on...

The following developments marked the period under review: the Gaidar Forum 2015 was held in Moscow on January 14–16, the World Economic Forum’s Annual Meeting was held in Davos (Switzerland) on January 21–23, 2015, as well as a draft document of anti -crisis measures aimed at tackling the...

Over the period under consideration, Russia continued to be faced with uncertainty in the sphere of fi nancial policy. The anti -crisis package put forth by the RF Government was the focus of attention.

Russia’s tax and fiscal policy during the period under consideration was extremely contradictory. On the one hand, the shortage of budget revenues resulting from the stagnant state of the Russian economy compelled the authorities to make an emphasis on forceful methods in their fight against...

During the period under review, November-December 2013, fiscal policy guidelines were formulated in the Presi¬dent’s Address to the Federal Assembly on 12.12.2013 and his speech at the 9th Annual Press Conference on 19.12.2013. In particular, new tax schemes and allowances were announced. In...

The political events that took place in the period under review, concerning the declaration of independence of the Crimea from Ukraine, the referendum in the Crimea which gave rise to signing an agreement on the accession of the Republic of Crimea and the city of Sevastopol to the Russian...

The most noteworthy developments over the period under consideration, against the backdrop of ever growing economic sanctions being imposed by the West and the resulting capital outlow from Russia, are the assertion, by Russian authorities, of lack of any intention on their part to further...