Energy Sector of the Russian Federation in the Context of Macroeconomic Instability

Oksana V. Savchina, Olga V. Savchina, Anastasia V. Asinovich, Maksim A. Kosyakov and Alexander L. Bobkov
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Oksana V. Savchina: Department of Finance and Credit, Economic Faculty, Peoples Friendship University of Russia (RUDN University), Moscow, Russian Federation,
Olga V. Savchina: Department of Accounting, Audit and Statistics, Economic Faculty, Peoples Friendship University of Russia (RUDN University), Moscow, Russian Federation,
Anastasia V. Asinovich: Master Degree Program s Student, Economic Faculty, Peoples Friendship University of Russia (RUDN University), Moscow, Russian Federation,
Maksim A. Kosyakov: Department of Marketing, Economic Faculty, Peoples Friendship University of Russia (RUDN University), Moscow, Russian Federation
Alexander L. Bobkov: Deputy Head of Academic office, Associate Professor of the Department of Industrial Economics, Plekhanov Russian University of Economics(PRUE), Moscow, Russian Federation

International Journal of Energy Economics and Policy, 2017, vol. 7, issue 5, 28-33

Abstract: Electric power is one of the leading industries in the modern economy: It has a direct impact on all vital systems of the society, as well as on the formation of the social climate and on the economic development of any state. The current economic crisis and sanctions on behalf the US and the EU have significantly complicated the activities of Russian energy enterprises, thus, the government plays a key role in combating the crisis in this industry. Based on official statistical data, the article presents the results of complex analysis of the industry and defines the basic tendencies of its development. According to the results of the conducted research, it is revealed that in the past 3 years the performance indicators for electricity and heat production have deteriorated, the manageability of the functioning of energy systems has decreased, and the need for new technologies has increased.

Keywords: state regulation; market failure; macroeconomic indicators; energy; sanctions; crisis; electricity; state support (search for similar items in EconPapers)
JEL-codes: O25 Q43 Q48 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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