Crisis and Anti-crisis Package in Russia: Targets, Scale, Efficiency

Abstract

The Russian economy failed to demonstrate its sustainability during the global crisis of 2008—2009. Though Russian authorities have realized the huge anti-crisis package including monetary and fiscal measures, the economy seems to lose its momentum. The Russian anti-crisis package in its size was comparable with the programs implemented in other countries while its efficiency was not high enough. The authors try to explain the reasons for that.