The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 6/2025. Economics and Management.

Nikolay Yu. Akhapkin

Cand. Sci. (Econ.), Associate Professor, Leading Researcher, Institute of Economics of the RAS, Moscow, Russia

ORCID: 0000-0002-6571-1618

INDUSTRIAL PRODUCTION DYNAMICS IN RUSSIA: EFFECTS OF SANCTIONS RESTRICTIONS AND CHANGES IN THE INDUSTRY STRUCTURE

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The dynamics of industrial production in the period 2022–2025 was undulating. This led to drastic changes in the conditions of the Russian economy’s development, a change in its priorities, and an expansion of measures and tools to stimulate economic activity. There have been noticeable changes in the structure of the industry. In terms of growth rates, the manufacturing industry has come to the fore since 2023, and a stable group of leading industries has emerged. At the same time, a structural imbalance appeared and began to grow, when the increase in output in certain manufacturing industries is many times greater than in most others. The potential for increasing the growth rate of industrial production by the end of 2024 has been almost exhausted. At the same time, the factors limiting growth, on the contrary, re- main, and, moreover, their strengthening cannot be excluded. In the context of a reduction in the resource base of economic development, the most likely scenario for the medium term is the transition of Russian industry to growth rates significantly below the levels of 2023–2024.

Keywords: industry, economic growth, business cycle, structure, structural changes, economic dynamics.

JEL: E3, L60, O11

EDN: EFVMJG

DOI: https://doi.org/10.52180/2073-6487_2025_6_7_23

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Manuscript submission date: 01.10.2025

Manuscript acceptance date: 18.11.2025

For citation:

Akhapkin N.Yu. Industrial production dynamics in Russia: effects of sanctions restrictions and changes in the industry structure // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2025. № 6. Pp. 7-23. (In Russ.). https://doi.org/10.52180/2073-6487_2025_6_7_23 EDN: EFVMJG

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