Russia's Economic Model Near Exhaustion, Experts Say
Experts from the state analytical center 'Third Rome' warn that Russia's current economic model based on resource mobilization is nearing exhaustion, calling for a shift to a new strategy focused on technology, productivity, and private investment starting in 2027.
Consensus
- Russia's current economic model based on resource mobilization and expansion through new resources is nearing exhaustion.
- Experts from the analytical center 'Third Rome' have concluded that the existing economic model has reached its limits.
- A transition to a new economic model is needed, starting from 2027.
- The new model should focus on increasing labor and capital efficiency, technology, infrastructure, and private investment.
- The recommendations were prepared for a meeting of the Presidential Council on Strategic Development and National Projects.
- The current model has shown resilience to external shocks and progress in technological sovereignty.
Points of divergence
- The new economic strategy is structured around seven pillars: regional development and domestic tourism, automation and AI, platformization of economy and social sphere, infrastructure for the new economy, restructuring of workforce training, economic purification, and improved access to capital for the private sector. — vesti
- The main reasons for the model's exhaustion are the near absence of available workers, underutilized capacities, and the unsustainable reliance on state demand to maintain growth. — tg_govorit_nemoskva
Coverage (2 sources)
- Seven pillars of Russia's future economy named — Вести
- Russian economic model has reached its limit — state analytical center — Говорит НеМосква
Key entities
- Russian Presidential Academy of National Economy and Public Administration
- Third Rome
- Moscow
- Russia
- Vladimir Putin
- RBC
- Russian Academy of National Economy and State Service
- Withdrawal