Economic security

National Economic Security Strategy until 2030 approved

Vladimir Putin signed the Executive Order On the Russian Federation Economic Security Strategy until 2030.

The strategy defines the economic challenges and threats and also the goals, priority areas and tasks for state economic security policy.

The Strategy aims to counter economic security challenges and threats, prevent crisis situations in the raw materials, production, science and technology, and financial sectors, and maintain people’s living standards.

Among the main economic security threats and challenges the Strategy includes the developed countries’ desire to use their economic and high-tech development advantages as instruments in global competition, the use of discriminatory measures against key sectors of the Russian economy, the Russian financial system’s vulnerability to global risks, technology lag, imbalances in the national budget system, high levels of crime and corruption in economic life, and growing gaps in personal income, regional development levels, and pace of socioeconomic growth.