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Russian economy: challenges and reaction

Author

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  • L. A. Akhmetov
  • M. A. Bulavina

Abstract

The article examines and analyzes the problems and dynamics of economic growth in 2024 under the influence of external and internal factors and conditions, the dynamics of the key interest rate and inflation, and ways to reduce the volatility of the Russian ruble. The new rules for calculating the official exchange rate of the Russian ruble against the dollar and euro, introduced on June 13, 2024, based on data from credit institutions based on the results of interbank conversion operations on the over–the–counter foreign exchange market, and the currency exchange rate calculation system changed at the very end of December 2024 based on combined data from exchange and over–the counter market segments to ensure a more representative exchange rate are analyzed the Russian ruble. Suggestions and recommendations are given for the successful functioning of the country’s economy in the context of geopolitical tensions and sanctions restrictions.

Suggested Citation

  • L. A. Akhmetov & M. A. Bulavina, 2025. "Russian economy: challenges and reaction," Entrepreneur’s Guide, JSC “Publishing Agency “Science and Educationâ€, vol. 18(1).
  • Handle: RePEc:ahc:journl:y:2025:id:2068
    DOI: 10.24182/2073-9885-2025-18-1-81-92
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