Russia’s Financial Sector: How to Build a Forecast

Alexey L. Vedev – Head of Center of Structural Research of the Russian Presidential Academy of National Economy and Public Administration; Leading Researcher of the Gaidar Institute, Doctor of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The issue of long-term forecasting for the Russian financial sector has come to the fore after the economy and the financial system have suffered substantial shocks in recent years. It is extremely important for economic agents to understand what the Russian financial system would be on the horizon. The effect of non-economic (“geopolitics”) and technology (digital technologies) factors on the financial sector must be factored in when making forecast scenarios.

Key words: financial sector, scenarios for financial sector development, GDP, bank assets, banking passives, bank loans, bank deposits, exchange rate, debt instruments.