FEATURES OF THE MODERN ECONOMIC CRISIS IN RUSSIA

Abstract

The impact of the global financial crisis on Russia’s economy was already observable in the summer of 2008. With most of the necroeconomic enterprises being concentrated in the industry sector, it should not surprise us that the decrease herein is the most significant as a result of the economic crisis. The economic crisis which developed in Russia is not so much due to foreign factors but, rather, to the unsolved problems which have accumulated and which are characteristic for Russia’s industry and for the economy as a whole. The technological backwardness of Russia is a key factor due to which the share of energy resources in Russia’s export structure of industry is significant. In order to provide real support, the Government of Russia started to carry out measures characteristic for the process of zombie-ing the economy. As for the application of the Law on Bankruptcy in Russia, it is beneath criticism. It is apparent that the anti-crisis measures carried out by the Government of Russia facilitate the retaining the enterprises with obsolete technologies which can only negatively affect the economic development of Russia in the post-crisis period. The anti-crisis programme of the Government is directed towards a comprehensive zombie-ing of the Russia’s economy. Due to the large-scale of the necroeconomy in Russia, the zombie-ing process extends to the necroeconomic enterprises.