The last decade the Russian economic authorities have been trying to achieve two fundamental and independent goals – macroeconomic stabilization and economic restructuring. After the financial crisis of 1998 and because of the high oil prices which world markets had during the both Putin’s terms Russia had got excellent opportunities to realize the main reforms in economics. But instead of these the government spent budget surplus we had the last seven or eight years on current expenses, on support of different groups of the population and on support of some ineffective brunches of the national industry.

By experts estimate the necessary reforms have not been finished. And now Russia is face to face with new challenge – world financial and economic crisis.

It remained only to wait a new favorable economic situation for new attempt to carry out reforms.

President Dmitry Medvedev said it was not a time for “corporate selfishness” and also: “We can’t sacrifice the future of entire enterprises and the employment of many thousands of workers to satisfy the ambitions of individual lending institutions… It’s time to end corporate selfishness”.

So the Russian Federation demonstrates a state regulation of economics as other countries all over the world during the financial and economic crisis.