Evaluation of the impact of covid crisis on Russian Regional economies

Internal and external shocks and stresses have adverse impacts on the country’s economy, hinder its development, and provoke stagnation. The global Covid Crisis of 2020 is no exception to this. However, one can assume that the kind of impacts and the consequences of the crisis can differ depending on the state and the development stage of national and regional economies. For instance, transition economies feel greater effects of the crisis in question due to the instability of their systems. Social and economic differences within a country may also affect the ability of regional economies to overcome crises. The authors believe that studying the impacts of the Covid Crisis on the economies of the Russian regions is a promising research area. The purpose of this research work is to identify the regions of Russia that suffered the most from the current crisis and describe the current trends and patterns of changes in the Russian economy. Besides, this article compares the effects of two crises, the Covid Crisis, and the 2008 Crisis, on the general trends in the Russian economy. Throughout the research, we used mathematical and statistical tools, such as dynamics analysis and cluster analysis methods. As a result, the authors make conclusions about the nature of differences in the effects of the crises in question and the observed trends in their impacts on regional economies.