Social and economic development of Russia: Finding new dynamics

This paper addresses Russian economic development and economic policy in 2015-2016. The analysis focuses on external and domestic challenges as well as the anti-crisis policy of the Russian government. Special attention is paid to key elements of the new model of economic growth in Russia. The paper discusses economic policy priorities for sustain able growth that include budget efficiency, structural reforms and import substitution, the encouragement of entrepreneurship, the efficiency of public administration, and the moderni zation of the welfare state.