Publication

This paper presents a methodology for assessing and monitoring the measures taken by the government of the Russian Federation in response to the worldwide fiscal crisis. It is based on an analysis of about 100 measures initiated between October 2008 and March 2009 to support Russia’s real economy. The authors single out the main beneficiaries according to industry and enterprise scale and estimate the effects of the measures during the crisis and recovery phases. This paper also describes the major risks the Russian government will face as a result of implementing the aforementioned measures and identifies the key problems and inconsistencies of the anti-crisis program.