The crisis in the context of the present and the future of the Russian economy

Resumo

This paper investigates the decline in imports of most important types of investment and consumer goods in 2012–2015 and the changes in the geography of imports, which affect the innovation potential of investments. The impact of these changes on the current standard of living of the population and the future modernization of the economy has been shown. The quantitative assessment of the impact of sanctions has been provided. Directions of competitive import substitution have been formulated.