Russian Industry: Major Trends under the Crisis

Abstract

The paper contains an in-depth analysis of basic trends in Russian industrial production during the mid-2008 - 2009 crisis. Dramatic changes in output and profits by sector are considered, as well as companies' reaction to these challenges. Certain aspects of recent government anti-crisis policy are discussed. The paper outlines short- and mid-term industrial production perspectives. Special attention is drawn to methodological and statistical aspects of analyzing current industrial trends.Russian industry trends under the crisis; industrial sectors; output volumes and profits; quality of statistics, import substitution