what is the type of economy in russia
Economy of Russia Russia has an upper-middle income[25] mixed economy with state ownership in strategic areas of the economy. Market reforms in the 1990s privatized much of Russian industry and agriculture, with notable exceptions to this privatization occurring in the energy and defense-related sectors.
History of Soviet Russia and the Soviet Union (1917–27) During the Civil War (1917â€“21), the Bolsheviks adopted War communism, which entailed the breakup of the landed estates and the forcible seizure of agricultural surpluses. In the cities there were intense food shortages and a breakdown in the money system (at the time many Bolsheviks argued that ending money's role as a transmitter of "value" was a sign of the rapidly approaching communist epoch). Many city dwellers fled to the countryside - often to tend the land that the Bolshevik breakup of the landed estates had transferred to the peasants. Even small scale "capitalist" production was suppressed.