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Russia In Conditions Of Financial Turbulence And Cumulating Chaos

Table 4: Russia’s capabilities and potential in confronting modern crises and cataclysms

No. Indicator Characteristic
1 Gold and foreign exchange reserves As of April 3, 2020, USD 564.6 billion – 5th place in the world.
2 National Wealth Fund USD 150 billion, according to some economists will be enough for 10 years.
3 Government debt RUR 15 734 billion at the end of 2019 or 14.9 % of the GDP. The world average is 80 % of the GDP.
4 Export-generated income from driver industries Defense industry – USD 10-16 billion.Agriculture – USD 25 billion.IT – USD 10 billion.
5 Creation of a powerful material and technical base Following the withdrawal of the Baltic States, 4 ports were built in the Leningrad Region, whereas the high-tech industries remaining in Ukraine were recreated. There was a reunification with the Crimea, where the first investment projects are being implemented. A network of car factories has been created, the Northern Sea Route has been opened, the Nord Stream, Turkish Stream and Power of Siberia gas pipelines have been commissioned. The high-speed highway Moscow – St. Petersburg was launched. The Vostochny cosmodrome was constructed.
6 Substantial reinforcement of financial system The share of budget revenues from hydrocarbons has been reduced from 60 % to 40 %. There have been created: the Deposit Insurance Agency, the Mega-Regulator, the Banking Sector Consolidation Fund, etc. Too-big-to-fail banks have been separated. The number of public ownership banks has been increased. The capitalization of commercial banks has been increased. The size of the authorized capital in banks has been increased. The digitalization of the banking sector is being actively pursued.
7 Large reserves of natural resources Russia accounts for 40 % of the world’s mineral reserves
8 Consolidation of Russian society is in place As a response towards sanctions: Immortal Regiment social movements, volunteers, etc.
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