Recovery from the current crisis and development paths of the Russian economy

Abstract

The report contains proposals of VEO of Russia experts on the restoration of Russian economy and the transition to a dynamic and sustainable socioeconomic development. According to experts it is necessary to double the government’s anti-crisis measures in 2021 and maintain them at this level in the period 2022–2023. An increase of the anti-crisis program could be based on increased borrowing, and partly on the use of funds from the National welfare fund. The report contains measures for restoration of incomes of Russians, first to the level of 2019, and then to the level of 2012–2013 — that is 17% more than in 2020. The necessary structural reforms are listed. The implementation should be started in 2022, when a steady rise in the country’s economy is expected.