Author: Natalya I. Zysman, Jr. lecturer of Political Economy Dept; Vladimir V. Ilyashenko, Dr. Sc. (Ec.), Prof. of Political Economy Dept.

Abstract: The article examines the specifics of the market relationships that are being introduced more and more actively into the economy of modern Russia. The paper scrutinizes one of the negative aspects of the country’s transition to market economy – greater than in planned economy dependence of the national economy on foreign economic factors. The authors study the impact of foreign economic factors on inflation processes in Russia.

Key words: foreign economic factors; inflation; exchange rate; net capital outflow; import; export; correlation; Pearson correlation coefficient.