Grigory Gritsenko: industrial decline and consumer boom
Grigory Gritsenko After several years of high rates of economic growth, the industrial sector of the Russian economy begins to fall into a state of sluggish depression, well familiar in the 1995V1998 period. The production of almost all types of industrial goods was either stabilized or reduced. First of all, this applies to the production/extraction of primary resources of v natural gas, oil, coal, electricity and grain.