Russia. Regional economy in terms of sanctions

The purpose of the study is the research of economic situation in region-al aspect. Research problems are analysis of alternatives of development and forecast for the near-term outlook. Foreign economic relations at the moment on a global scale are characterized by unstable condition. Sanctions on the import into Russia of agricultural products, raw materials and food for countries such as Australia, Canada, Norway, the US and the EU, seri-ously affect the development of the economies of the countries which joined anti-Russian sanctions. Reindustrialization of the economy which has to be directed on the protection of investors, fight against corruption, improve-ment of business climate can become the answer of Russia to sanctions, in our opinion. Change of the international ratings does not threaten Russian banks and the enterprises with momentary losses. However, it is not exclud-ed that the change of ratings will be used for rise in price of credit trenches, but not for their full blocking. To reduce the risks of Russian economy from possible forced reduction of foreign investment, the Ministry of Finance and Ministry of economic development promised both to banks and non-financial companies to implement a number of measures of the state sup-port. About what it was only told constantly from a year in go, the decrease in fuel and raw dependence, the development of the high technological in-dustry, the production of import-substituting goods became the only condi-tion of the solution of modern problems and pledge of further development of Russia today. And it is necessary to solve these problems not thinking about the remote prospect, but in specifically visible terms, within the next 3-4 years.