Russia Submit

Russia has to overcome the global crisis and quickly turned to positive growth is in the year 2010. How effective is the Russian government to implement anti-crisis strategies and what has actually been the Russian economy back to life?

Russia's economy fell into recession in 2009, when the economy shrank by about 8.5% of markets and the Russian stock markets shed as one trillion U.S. dollars at more value. Besides the price of Urals crude oil heavy, the main source of incomefor Russia, lost value more than 70% since its record high of $ 147 in July 2008 and Russia's foreign exchange reserves fell from their high of $ from 210.000.000.000 386.000.000.000 $.

To promote the economic growth of the Russian government allocated over $ 200,000,000,000 dollars, or 14% of GDP, for companies and banks weather the economic storm. " The result of Russia's economy emerged from recession in the third quarter of 2009 and Russian stocks were the best performing in theWorld. Russia's MICEX index has doubled in value in 2009 and again in 2008 half of its losses.

Perhaps one of the reasons for the dramatic turnaround is the result of limited exposure to Russian banks, financial institutions and the general population, the risky loans and debt that has plagued the United States or the European Union. The other reason is simply the fact that in 2009 the price of oil rose to a level that is sufficient for the stabilization of the RussianEconomy.

This year the Russian government plans to spend $ 1210000000 reactive labor, massive restructuring of company debt, Russian companies are expensive and lower credit lines for companies and individuals. The Russian government has also provided money for social projects and to minimize the social security to social unrest in 2010.

Despite the positive results for the Russian economy in 2009, questions remain. How effective is the Russian government inAllocation and monitoring of the use of funds for the economy? Modern History of the widespread corruption of the Russian government officials suggests that the effective use of anti-crisis fund are not as successful as in the U.S. and Europe.

What will the government do in 2010, growing inflation and the dependence on oil to slow? Investing in nanotechnology, clean energy, and small to medium-sized enterprises must begin to realistically show some real progress on RussiaMove away from a commodity-based economy. This will contribute to creating new jobs, also to create an issue of importance for the Russian government.

How can the government run the banks to resume lending, and with more reasonable interest rates? Russian government banks need to cut their way into the commercial and private loans to finance private banks, the interest and create a new wave of credit for business growth and consumer spending.

It is clear thatRussia is heavily dependent on the growth of world economy and stable oil and other commodity prices. If the world economy will see a second wave of financial crisis, the Russian economy could collapse is subject to another.

Perhaps the most positive results for the Russian economy have done very little with the Russian government and its anti-crisis plan and more to do with global commodity prices? Unfortunately for Russia and the Russian economy, "such as oilgo, go Russia. "