IS THERE THE WAY OUT OF THE DARK: THE FUTURE OF THE RUSSIAN ECONOMY

... loose its reserves. Taxes and retirement age will grow and the collapse of the economy is around the corner. At this time, structural revolutionary reforms in legislation, judicial system, tax system and foreign policy, should be implemented to restore Russian economy, regardless of ruble exchange rate. Many countries have best practices in such reforms. Such reforms could radically change the situation in Russia for the better. One possible solution for Russian economy to recover is to reduce its dependency on oil and switch from ...