Russian Economy in the New Geoeconomic Reality

Abstract

The geopolitical crisis in Ukraine and the economic blockade of Russia deployed by the collective West lead to a qualitative change in the Russian economy and its positioning in the world economy. The economy of high trade surpluses and excessive government savings is losing its meaning. National economic and technological sovereignty requires not just the restoration of broken supply and logistics chains, but the restructuring of the economy and an accelerated transition to a new economy of knowledge and health. Within the framework of the ESG agenda, the importance of the social component and the coordination of various areas of state policy and business strategies is increasing.