Transformation of The Economic Policy of The Russian Federation in The Context of Geopolitical Turbulence: From A Liberal Model to Sovereign Industrialization

Abstract

This article analyzes the key directions of the transformation of the economic policy of the Russian Federation in the period 2022–2025, due to the changing geopolitical situation and the need to move from a liberal model to sovereign industrialization for the national security of the state. The issues of economic diversification, energy security, monetary and fiscal policy, as well as demographic policy as elements of national security, military might of the state and long-term economic growth are considered. Special attention is paid to military security and military-economic stability of the Russian Federation; strategic planning of the use of economic resources and preparation of the economy and the territory of the country for defense. Systemic problems related to high credit rates, fiscal burden on the real sector, raw materials and unequal export structure, as well as bureaucratic barriers for innovative producers in the defense industry are analyzed. The challenges related to import substitution, recycling, inflation measurement, migration policy, and the introduction of digital currencies are explored.