This paper deals with interbudgetary relations and subnational finances in the Russian Federation. The authors focus on major trends in relations between budgets of different levels, measures taken by the federal government to mitigate the crisis impact on the regions

This paper deals with interbudgetary relations and subnational finances in the Russian Federation. The authors focus on the issue of subnational budgets during the financial crisis of 2008. They analyze financial aid from the federal budget to regional authorities