Energy sector of the Russian Federation in the context of macroeconomic instability

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. © 2017, Econjournals. All rights reserved.

Authors
Savchina O.V. 1, 2 , Savchina O.V. 1, 2 , Asinovich A.V. 3 , Kosyakov M.A. 1, 3 , Bobkov A.L.5
Publisher
Econjournals
Number of issue
5
Language
English
Pages
28-33
Status
Published
Volume
7
Year
2017
Organizations
  • 1 Department of Finance and Credit, Economic Faculty, Peoples’ Friendship University of Russia (RUDN University), Moscow, Russian Federation
  • 2 Department of Accounting, Audit and Statistics, Economic Faculty, Peoples’ Friendship University of Russia (RUDN University), Moscow, Russian Federation
  • 3 Economic Faculty, Peoples’ Friendship University of Russia (RUDN University), Moscow, Russian Federation
  • 4 Department of Marketing, Economic Faculty, Peoples’ Friendship University of Russia (RUDN University), Moscow, Russian Federation
  • 5 Department of Industrial Economics, Plekhanov Russian University of Economics(PRUE), Moscow, Russian Federation
Keywords
Crisis; Electricity; Energy; Macroeconomic indicators; Market failure; Sanctions; State regulation; State support
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