THE WAYS TO OVERCOME THE NEGATIVE PHENOMENA IN THE RUSSIAN ECONOMY

The article analyzes the slowdown in the industrial sector of the Russian economy. According to preliminary data of Federal State Statistics Service Russian GDP value in 2014 amounted to 70.975 billion rubles. Economic growth was 0.6 %, compared to the same period in 2013 of 1.3 %. The ruble devaluation has revived domestic demand and stabilized the situa- tion in budgetary sphere to some degree. However, the other side of the process is inflation rate accelerating and greater concentration of resources in the fuel-energy sector. The state programs supporting some particular sectors of economics that are in force nowadays do not function in full. A significant drawback is that elaboration and conducting of the programs occur in off-line mode, without taking into account the total demand for financial, material- and-technical, manpower and other limited resources. The uncertainty of the economic envi- ronment that promotes business activity decline, leads in its turn to profit decrease. Capital outflow does not encourage investment growth, at that the capital outflow in 2014 was mostly managed by non-banking sector, proving the reluctance of entrepreneurs to invest in the pro- duction development. Consequently, this means a reduction of capital investments at the ex- pense of enterprises' own funds