New Trends in Russia’s Development in the Context of Global Transformation

By analyzing current economic problems in Russia conditioned by numerous changes in the world economy, the authors attempt to form the general idea of Russian economy’s contemporary state, challenges and opportunities in the context of new geo-economic realities. The paper summarizes the outcomes of scientific research presented by the authors at All-Russian research and practice conference in Lipetsk held within Moscow Academic Economic Forum 2022 (MAEF). The scientists come to the conclusion that the ability to adapt to rapidly changing time challenges requires another speed of reaction and decision-making that are well-thought-out and oriented on strategic goals. In this respect the key threats (problems) and trends (opportunities) of the development of Russia are defined, such as: technological sovereignty, import substitution in the segment of high-tech products and consumer goods, the problem-solving of social issues — unemployment, preserving jobs and support of the underprivileged. All instruments and measures taken by the state defend the country’s economic and financial systems and improve the quality of life.