Abstract

The paper studies new features of Coronavirus pandemic – the third wave, increased mortality, uncertainty of future due to new strains. An unexpected trend is a rapid recovery of sharply reduced oil and gas prices and significant, therefore, increase of exports. Attention is also paid to new conditions (electrification, carbon footprint, possibility of hydrogen energy and etc.), that determine the prospects. The article focuses on demographic drama in connection with birth rate decrease, catastrophic increase of all cause mortality during pandemic, life expectancy decrease, human health deterioration, country’s population drop, that undermines the Russian people savings. Various consequences of the crisis in Russia are analyzed – a slight economy decrease and finances increase and, as a consequence of insufficient funding, record increase in total mortality in Russia and income and consumption decrease by 10–15% during the period of stagnation and crisis. The possibility of conditions and factors of sustainable socio-economic growth resumption are investigated. It is proposed to carry out a financial boost on investments in fixed and human capital, housing construction and foreign trade rise – as the main drivers of future development. The stake is placed on technological breakthrough and economic efficiency indicators increase. The necessity of structural reforms of property, financial system, regional management, transition to strategic planning following the example of China and social system is substantiated.

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