Actual Problems of the Russian Economy

Abstract

The urgency of researching the problems of the Russian economy is beyond doubt. It is determined by the scale and complexity of the tasks set by President V. Putin in 7the May 2018 decree. The purpose of the study is to study the current problems of the Russian economy and, on this basis, offer recommendations for their elimination in order to achieve the indicators indicated by the head of state and above all enter the TOP-5 largest economies of the world. The main objectives of the study were: 1. To identify the main problems of the Russian economy. 2. To analyze the current shortcomings policy. 3. To show the conditions under which the economy can develop at a pace. When studying the main issues of the topic, the authors use the following methods: dialectic, system-functional, economic-statistical, and formal-logical methods; the method of comparative analysis was used by the authors for comparison with the economies of other countries, for example, with the economy of China. In this article, the authors attempted to analyze the main current problems of the Russian economy in order to show which “baggage” should be eliminated in the near future, which priority tasks should be solved in order to make a planned breakthrough in socio-economic development and get into the TOP-5 largest economies in the world.