Effective development of Russian economy: obstacles and ways to overcome them

The prevalence of financial stabilization measures in the Russian economic policy over measures to stimulate economic development slows down Russian economy structure transformation and withdrawal from raw material orientation, exacerbates regional and social imbalances, and slows down productive forces development. Focusing on the key issues that impede effective development of the Russian economy, authors discuss measures to overcome them. According to authors, effective sustainable development of the Russian economy is possible with the following conditions: priority of stimulating economic development over financial stabilization; correction of imbalances in Russian economy structure in favor of real sector; implementation of large-scale state-building projects with private capital involvement; introduction of modern management methods and tools; focus on the digital economy and optimal development of labor resources; Russia's participation in world economic processes with a focus on economic independence.