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

... 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 oil production to something more stable. Russian economy should adapt to low oil prices and could switch to a production of other goods and services, such as agriculture and tourism. Otherwise, Russia will be on the way back to socialism.