By madmin 
A raft of new government initiatives has been announced by the Russian government, aiming at the overhaul of the country’s economy and tackling various domestic issues. Prime Minister Mikhail Mishustin excogitated these plans at a recent strategic session, acknowledging the indispensability of innovation and the building up of the sectors by the national government.
The Russian government is making promoting domestic film industry one of the main activities of the new strategy. Mishustin highlighted that it is necessary to fill the gap in the production of Russian movies by making them consonant with the traditional spiritual and moral values of the country. This initiative is designed to produce original content that attracts the audience and, at the same time, it is fresh, informative, and creative.
Besides the cultural agenda, the government is implementing ways to protect people from financial fraud. A new program has been launched to avert phone and internet scams, which have been spreading rapidly in the past years. The measures may include robust cybersecurity measures and public awareness programs.
The agricultural sector is also being looked after, as new programs have been sanctioned that will support the farmers in the Kursk Region. The introduction of these projects is one of the national priorities aiming at the increases of food production locally and thus diminishes the food import orientation of the country, a direction of economic development which is even more crucial in the wake of international sanctions.
The government has also initiated some measures to boost economic development in the Far East by creating preferences for the investors. The purpose of these preferences is to give the Far East a short-term shot in the arm by leveraging both the funds from the domestic as well as the foreign sources, which will in its turn, be the engine of the region`s economic growth and infrastructure resuscitation.
Together with supporting mortgage payments for large families in the Far East, the housing sector remains untouched by government subsidies. The main goal of this measure is to attract a population to the region, which in turn will encourage the construction industry of the city.
Employment activities call for special attention and with this view, currently, the government is offering new procedures for helping evacuated workers. Besides this, there is a machinery unit specifically designed for the prediction of the economy’s demand for human capital, which will enable more efficient allotment of education and training programs so as to meet the more future job market needs.
In the radio electronics industry, the government has further extended the preferential profit tax rate for companies. This step is part of a comprehensive program aimed at encouraging industrial enterprises to develop new products and surging Russia’s indigenous capabilities.
Structurally, global collaboration is still very much in Russia’s water even though around Europe there are several tensions arising. Lately, the Russian Deputy Prime Minister Marat Khusnullin met with his Tajik counterpart, the country’s Minister of Economic Development and Trade to discuss the issues of cooperation, thus, emphasizing Russia’s position in the Central Asian area.
The establishment of the government’s initiatives takes place when the economy is suffering from international sanctions and conflict due to geopolitical tensions. On the other hand, Russia’s officials remain positive about the state’s economic future as they refer to signs of recovery coming from some areas of the economy.
Recent data illustrates that Russian holidaymakers who are willing to travel to Europe is a sure sign of the fact that life is getting back to normal, hence, people are starting to travel again. This shift, therefore, is expected to have the tourism sector to improve and also broader economic ties with European countries to be enhanced.
Nevertheless, there exist problems in specific sectors. In the retail sector, the business sector, in particular, has asked for the bring-back of Western fashion brands to Russia. The local companies that took the international brands place encountered difficulties in the market, which also shows that the corporations leavings are still being felt.
Russian Central Bank has left the 21% key interest rate unchanged, giving reasons for the large inflation pressures. This decision is a reflection of the constant necessity for a balance between fostering the economic growth and taming inflationary risks in the current economic environment.
However, in the energy segment, recent accidents have indicated weaknesses. Ukrainian drone bombings on a major pipeline in South Russia caused the problem with the oil deficit, exposing the continuous insecurity that is flowing from the Ukraine conflict to Russia.
Although these problems exist, the Russian government stays on course in the following directions for long-term development. Projects like the bill on ratification of the Russia-China deal to construct an International Lunar Research Station reflect Moscow’s interests in the domain of space investigation and the worldwide scientific partnership.
Just as Russia navigates among its intricate internal and external environment, the new programs of the government are a composite approach to economic development and social stability. The formative future needs some solid results about the extent of the success of these measures and their influence on Russia’s economic development path.