The economy of Russia has experienced great changes throughout the history of the country. In the Soviet period it was centrally planned. In other words it was totally directed by the government of the state but after the dissolution of the USSR the economy became a free market one. However several branches are still partially subordinated to the governmental directions but this is necessary step in the economy of Russia development. - Read more

The economy of Russia has overcome great changes during the history of the state. Initially it was centrally planned. It means the government during the Soviet period of time directed it but after the split of the Soviet Union the changes made in the economy of Russia let it develop as a free market economy. However several branches are still partially subordinated to the governmental directions but this is inevitable step on the way to market economy. - Read more