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Finance and Credit
 

Financial and economic dynamics of modern Russia

Vol. 28, Iss. 7, JULY 2022

Received: 16 May 2022

Received in revised form: 30 May 2022

Accepted: 13 June 2022

Available online: 28 July 2022

Subject Heading: Financial system

JEL Classification: E44, Е60, Е69

Pages: 1511–1533

https://doi.org/10.24891/fc.28.7.1511

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. The article discusses financial and economic dynamics of modern Russia.
Objectives. The focus is on identifying the problems related to financial and economic dynamics in contemporary Russia.
Methods. The study draws on the systems approach, using the method of statistical, neural network, and cluster analysis.
Results. The study revealed a stable increase in the balanced financial result for Mining economic activity, when the increase in expenses exceeds the income of Federal and consolidated budgets of the subjects of the Russian Federation. The paper highlights the volatility of foreign trade turnover and the volume of paid services to the population, with an exceeding increase in the subsistence minimum and low increase in real accrued wages. It establishes maximum values of growth of the key rate and inflation, as well as risks of falling Russian Government Bond Index and shares of PAO Gazprom, due to the fall of the US dollar to the Russian ruble and fixation of trend in the exchange rate and shares of PAO Sberbank of Russia.
Conclusions. The unveiled problems show the public authorities the possibility of maintaining the positive financial and economic dynamics of Russia in the context of the need to increase the financial result under the main type of economic activity, i.e. Mining.

Keywords: volatility, dynamics, development, growth rate

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