Abstract
This article suggests a deeper insight into the basic trends in Russian economy and national leasing market in view of acute shortage of investment and slumping oil prices. The Russian macroeconomic situation is not favorable for the leasing market development. A key attention is dedicated to leasing market which is a key indicator of the Russian economy. Leasing is looked upon as an effective means of business support and a powerful tool of sustainable development, as well as a way of acquiring credit income and renewing main capital. At this stage of Russian economy development, it is essential to work out the proper order of transactions and the Central Bank suggests that the leasing business should draw amendments to the existing regulations in order to create new control standards for leasing operations. It appears to be critical to enable a lessor to make flexible and effective administrative decisions and enjoy the possibility of managing the risks and profits of leasing transactions. The article also explains the correlations between external and internal economic factors, between financial and operative forms of leasing, between the amount of leasing investments and their contribution to the socio-economic revival of Russia.
Highlights
The downward trend in Russian economy started in June 2014 and deepened in 2015
The falling domestic demand, acute shortage of investment, slumping oil prices, weakening rouble – all these factors had a negative impact on the Russian economy
The preliminary report of the Central Bank (CB) indicates that the investments into the main capital within January-March 2016 amounted to 16, 6 billion roubles, the 0,7% drop compared to the same period of 2015
Summary
The falling domestic demand, acute shortage of investment, slumping oil prices, weakening rouble – all these factors had a negative impact on the Russian economy. The Russian economy has stagnated for the last 8 years, with average GDP growth at 0.2% from 2009 to 2016. The Finance Ministry has used the Reserve Fund three times this year to keep the economy afloat. In a single month of August 2016 Russia spent 18.4% of its Reserve Fund to plug deficits in Federal Budget, Finance Ministry revealed on September 6, 2016. Behind such sharp increase in quantity of means in 2016, their not less sharp recession has followed [1]
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