The Russian economy and financial market are facing a wide range of challenges amid unprecedented sanctions pressure. The anti-crisis measures promptly taken by the Bank of Russia and the Government of the Russian Federation stabilised the situation. Now the recovery and further development of the Russian economy and financial market in the new realities are on the agenda. Considering that the extraordinary change of circumstances is likely to be long lasting and will have structural implications, systemic solutions for the development of the Russian economy and financial market are required.