ECONOMIC CRISIS IN THE RUSSIAN MACROECONOMY IN 2014: CAUSES, FINANCIAL CONSEQUENCES, PROSPECTS

Today, the Russian and foreign researchers list numerous causes of economic crisis in Russia in 2014. Most of these assertions are confirmed by expert opinions only. In this regard, the study of key macroeconomic indicators of 2007-2017 allowed comparing the apparent economic crises of 2008 and 2014 (it was found that the economic problems in 2014 were much less grave than those in 2008) and defining the main trends, problems and contradictions present in the studied data. The research allowed decreasing the significance of such causes of 2014 crisis as Western sanctions, low prices for fuel-energy goods, and structural, technological and other long-term problems of the Russian macroeconomy. The main causes of 2014 economic crisis are defined as the USA informational attack at Russia and the unprofessional reaction of the Russian authorities to the crisis. It was proved that the apparent economic crisis which started in 2014 was almost fully overcome by 2017, i.e. the authorities managed to return it to the hidden form. In the coming years, the Russian economy is expected to rise. At the same time, we should get prepared to a new large-scale informational attack at Russia from the USA and start struggling against the unsolved problems of the Russian economy (e.g., an extremely high dependence of the state income on the export of fuel-energy goods, as well as structural, technological and institutional problems). (c) 2019 Published by Future Academy www.FutureAcademy.org.UK