Russia’s Transportation Industry

Russian Economy in 2020. Trends and Outlooks. Issue 42. Moscow. IEP. 2021. P. 12

16 Pages Posted: 16 Aug 2021

See all articles by Kseniia Borzykh

Kseniia Borzykh

Russian Presidential Academy of National Economy and Public Administration

Yuriy Ponomarev

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus; Gaidar Institute for Economic Policy

Date Written: August 12, 2021

Abstract

The transportation industry is not only a key sector of the economy, but also its indispensable glue. The development of transport infrastructure is a major factor of economic growth and a key driver of exit from the economic crisis. In the past few years, the transportation industry demonstrated upturn dynamic both in terms of the development of infrastructure and the volumes of transportation. In 2020, the COVID-19 pandemic and the relevant restrictions aimed at fighting the spread thereof led to substantial changes in the supply and demand situation on numerous markets, not only affecting directly freight and passenger traffic, but also making a sizable portion of the population revise their views on the need and required parameters of the infrastructure (not only transport infrastructure, but also social-information and communication ones).

Keywords: Russian economy, transportation industry, foreign trade, customs regulation

JEL Classification: L91, L92, L93, L99

Suggested Citation

Borzykh, Kseniia and Ponomarev, Yuriy, Russia’s Transportation Industry (August 12, 2021). Russian Economy in 2020. Trends and Outlooks. Issue 42. Moscow. IEP. 2021. P. 12, Available at SSRN: https://ssrn.com/abstract=3904836 or http://dx.doi.org/10.2139/ssrn.3904836

Kseniia Borzykh

Russian Presidential Academy of National Economy and Public Administration ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

Yuriy Ponomarev (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus ( email )

Moscow
Russia

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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