Is there economic growth in Russia?

The article examines the availability and quality of economic growth in Russia. It shows that the economy has shrunk in absolute terms over the past decade. A dead-end raw material model of predominantly extensive type, aimed at extracting natural rents in the interests of a narrow circle of power elites, has been formed. It is argued that the political will to replace extractive political and economic institutions with inclusive ones is necessary for the transition to an innovative and competitive model based on human capital and high-tech business.