Aftermath of the Financial Crisis in Russia

Abstract

The Russian economy has a raw orientation. This fact affects features of financial crisis in Russia. While central banks worldwide decreased refinancing rates, the Bank of Russia, in contrast, increased it. In Russia budgetary expenses increase, despite of set of internal problems. In Russia we both the highest inflation and the deepest economic slump. An increase in retail prices and the some time declined wholesale prices. The rich Russian regions appeared among most suffered from crisis. At the same time the poor regions have not noticed the crisis, as their budgets exist due to grants from the federal budget, and their own revenue are little.