THE DEVELOPMENT OF THE RUSSIAN ECONOMY IN THE CONDITIONS OF INSTITUTIONAL CHANGES OF THE GLOBAL FINANCIAL SYSTEM
The strategic objectives presented in the article could be achieved by Russia through modernization of its financial infrastructure. As a result, Russia could become a regional financial center which will be able to compete in globalization. It brings the author to the conclusion that the further development of globalization makes Russia transform its model from exporting of raw materials to the fully-fledged cooperation model which let Russia overcome the crisis and strength its positions in the world.