Conference e-mail

The Aleksanteri Institute

Unioninkatu 33 (P.O. Box 42)
00014 University of Helsinki

aleksanteri [at]

Past Aleksanteri Conferences

Professor Nataliya Zubarevich, Moscow State University (Russia)

Regional and Social Aspects of the Russia's Crisis

The new crisis in Russia started from 2013 differs from previous crises on the territorial projection and social risks. The geography of the crisis depends on the structure of the regional economy. The decline is stronger in the regions of automotive industries. Southern regions of food industry, eastern regions of oil and gas extracting industry as well as military industry regions maintain industrial growth. Regional labor markets poorly react to the crisis, the unemployment rate does not grow. The most acute social problems are significant household incomes and consumption decline as well as deficit and large debts of the regional budgets. Social expenditures dominating in regional budgets are reduced thereby diminishing the availability of social services for the population.