In the end of 1991 dissociation of the Soviet Union and formation of new independent states out of its former republics took place. As an independent state, Russia exists since 1992. This event defined the period under consideration in our study: 1991-1994. Only starting from 1992 the Russian...

The model of the Russian economy that was formed in the 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields under its direct control, i.e. the budgetary and monetary policies. In the...