The OECD assessment and recommendations on the main economic challenges faced by the Russian Federation are available by clicking on each chapter heading below.
Executive Summary
What has driven growth since the 1998 crisis? Why is prudent fiscal policy critical for Russia? Is Russian industry competitive? What should be the main priorities for structural reform? How to reform the gas, electricity and banking sectors? Can the robust growth of recent years be sustained?
Sustaining Growth
How can the robust growth of recent years be sustained? Why is prudent fiscal policy so important for Russia? What are the risks of resource based development? How can they be mitigated? Can economic diversification be achieved rapidly? What can be done to reduce corruption and improve the performance of state institutions? What are the prospects for pension reform?
Of special interest: The challenge of sustaining growth
Of special interest: The sources of Russian economic growth
See also ECO Working Paper 404: Accounting for Russia's post-crisis growth
Industrial Competitiveness
Is Russian industry competitive? Will it withstand current cost pressures? Where is Russia’s revealed comparative advantage? Is ‘Dutch disease’ affecting Russia’s industrial structure? Does ownership matter in achieving productivity gains?
See also ECO Working Paper 408: Russian industrial restructuring: trends in productivity, competitiveness and comparative advantage
Natural Gas
Why is reform of the natural gas sector needed? What would be the consequences of failure to reform it? What should be the main priorities for reform? How can the sector be opened up to competition? Is Gazprom the main obstacle to reform?
Of special interest: Reforming the domestic natural gas market
See also ECO Working Paper 402: Russia's gas sector: the endless wait for reform
Electricity Restructuring
What are the aims of the recently launched reform of the electricity sector? What are the main pitfalls ahead as the electricity reform is implemented? Why are issues of both regulation and competition so central to power-sector reform?
See also ECO Working Paper 403: Restructuring Russia's electricity sector: towards effective competition of faux liberalisation?
Banking Reform
Why is banking reform in Russia an urgent priority? What is the relationship between deposit insurance and improved prudential regulation? Why is accounting reform important to the banking sector’s future? What is the future of state-owned banks?
Of special interest: Russia's deposit insurance law
See also ECO Working Paper 410: Banking reform in Russia: problems and prospects
The full edition of the OECD Economic Survey for the Russian Federation is available from:
