Social and economic development of Russia: finding new dynamics

Abstract

The paper deals with Russian economic development and economic policy in2015-2016. The analysis is focused on external and domestic challenges as well as on anti-crisis policy of the Russian government. Special attention is paid to key elements of a new model of economic growth in Russia. The paper discusses priorities of economic policy of sustainable growth including: budget efficiency, structural reforms and import substitution, stimulation of entrepreneurship, efficiency of public administration, modernization of welfare state.