The impact of government initiatives to digitalize the economy on Russia’s macroeconomic problems

Abstract

Authors review issues relating to modern Russian national economic policy in case of using digitalization to solve country’s macroeconomic problems such as lack of long-term investment, transforming savings to investments, bank nationalization. The article describes author’s view of major digital changes in Russian economy in past years and analyze which digital solutions state already use and can use in near future to overcome the problem of lack of long-term investment and the agency problem in Russian state-controlled companies. Based on described facts, authors make a conclusion about tendencies in situation, proposing most possible scenario.