The policy, known as “inflation tracking” implies complete freedom of the exchange rate, however the Central bank has always declared its desire to exercise regulation and control.

The crisis has revealed the existence of strategic contradiction in the Russian government, which leads to the fact that ministers of the different “blocks” act in the worst case independently of one another, at best — uncoordinated.

Russia has suffered from the falling levels of the most important part of exports — in ferrous metallurgy, chemical industry, nonferrous metallurgy.