Subject. The article addresses the transformation of the Russian economic model. Objectives. The aim is to study signs and indicators of changes in the Russian economic model. Methods. The methodology rests on general scientific principles and research methods, like abstraction, generalization of approaches of domestic and foreign authors on economic policy and industry analysis. Results. I analyzed prerequisites and signs of the transition from the raw materials export-oriented model of the Russian economy to the growth model through the assessment of development results of the country's economy and its two branches, i.e. metallurgy and electronics, for three quarters of 2022. The paper investigates problems of assessing the impact of sanctions on the economy and the effectiveness of the State policy to dampen them. Conclusions. The calculations are based on the data from Rosstat, the Bank of Russia, and metallurgy and electronics companies. They show an increase in investment, production in certain manufacturing industries, and positive wage dynamics. At the same time, the profitability of electronic industry enterprises remains at a level that prevents raising capital on market terms. The State policy that at the present stage implies the rejection of principles of free trade and open market and shift towards protection of domestic producers, especially those of the new technological wave, should ensure the flow of capital to these industries and transition from a raw export-oriented model to a growth model.
Grinberg R.S., Belozerov S.A., Sokolovskaya E.V. [Effectiveness of economic sanctions: Assessment by means of a systematic literature review]. Ekonomika regiona = Economy of Region, 2021, vol. 17, iss. 2, pp. 354–374. (In Russ.) URL: Link
Reinert E.S. Kak bogatye strany stali bogatymi, i pochemu bednye strany ostayutsya bednymi [How Rich Countries Got Rich… And Why Poor Countries Stay Poor]. Moscow, SU HSE Publ., 2011, 384 p.
Grinberg R.S. [Economy of modern Russia: State, issues, prospects]. Vestnik Instituta ekonomiki Rossiiskoi akademii nauk = Bulletin of Institute of Economics of Russian Academy of Sciences, 2015, no. 1, pp. 10–29. URL: Link (In Russ.)
Bodrunov S.D., Grinberg R.S., Sorokin D.E. [Reindustrialization of the Russian economy: Imperatives, potential, risks]. Ekonomicheskoe vozrozhdenie Rossii =Economic Revival of Russia, 2013, no. 1, pp. 19–49. URL: Link (In Russ.)
Glaz'ev S.Yu. [Economic strategy of Russia in the context of Ukrainian events: Once again to the proposed alternative]. Rossiiskii ekonomicheskii zhurnal = Russian Economics Journal, 2014, no. 4, pp. 3–17. URL: Link (In Russ.)
Glaz'ev S.Yu. [Alternative government policy of modernization and national economy development (suggestions of scientists from economics section of RAS social sciences branch)]. Rossiiskii ekonomicheskii zhurnal = Russian Economics Journal, 2011, no. 4, pp. 68–85. URL: Link (In Russ.)
Glaz'ev S.Yu., Fetisov G.G. [On the strategy of sustainable development of Russia’s economy]. Ekonomicheskie i sotsial'nye peremeny: fakty, tendentsii, prognoz = Economic and Social Changes: Facts, Trends, Forecast, 2013, no. 1, pp. 23–35. URL: Link (In Russ.)
Glaz'ev S.Yu., Ivanter V.V., Makarov V.L. et al. [Development Strategy of the Russian Economy]. Ekonomicheskaya nauka sovremennoi Rossii = Economics of Contemporary Russia, 2011, no. 3, pp. 7–31. URL: Link (In Russ.)
Glaz'ev S.Yu. [Global Transformations from the Perspective of Technological and Economic World Order Change]. AlterEconomics, 2022, vol. 19, no. 1, pp. 93–115. (In Russ.) URL: Link
Ivanter V.V., Govtvan' O.D., Gusev M.S. et al. [System of measures to restore economic growth in Russia]. Problemy prognozirovaniya = Problems of Forecasting, 2018, no. 1, pp. 3–9. URL: Link (In Russ.)
Ivanter V.V. [On the opportunities for the acceleration of economic growth in Russia]. Obshchestvo i ekonomika = Society and Economics, 2019, no. 7, pp. 5–11. URL: Link (In Russ.)
Ivanter V.V. (Ed.). Strukturno-investitsionnaya politika v tselyakh obespecheniya ekonomicheskogo rosta v Rossii: monografiya [Structural and investment policy in order to ensure economic growth in Russia: a monograph]. Moscow, Nauchnyi konsul'tant Publ., 2017, 196 p.
Delyagin M.G. [Anti-crisis program for the modernization of the country]. Rossiiskii ekonomicheskii zhurnal = Russian Economic Journal, 2008, no. 9-10, pp. 25–34. URL: Link (In Russ.)
Lyubushin N.P., Babicheva N.E., Kozinova A.T., Kupryushina O.M. [The impact of capital investment, number of people employed in the economy and hydrocarbon extraction on sustainable development of industrial production in Russia]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2016, no. 11, pp. 4–19. URL: Link (In Russ.)
Sukharev O.S. [Economic policy reindustrialization of Russia: Possibilities and limitations]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2013, no. 24, pp. 2–24. URL: Link (In Russ.)
Sukharev O.S. [The Economic Attack on Russia and the Policy of Counteraction]. Ekonomicheskie strategii = Economic Strategies, 2022, no. 2, pp. 40–47. (In Russ.) URL: Link
Kogdenko V.G. [Analyzing the current state of the Russian economy at the macro-, meso- and micro-levels]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2022, vol. 21, iss. 11, pp. 2006–2040. (In Russ.) URL: Link
Kogdenko V.G. Upravlenie finansami i riskami: monografiya [Financial and risk management: a monograph]. Moscow, YUNITI-DANA Publ., 2019, 527 p.
Kogdenko V.G. [A methodology for sectoral analysis of the economy]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2022, vol. 21, iss. 2, pp. 200–227. (In Russ.) URL: Link
