Importance The paper discourses upon the influence of debt, monetary and industrial policy of Russia on the rate of capital growth. It also studies the causes of capital growth in the Russian economy. Objectives I purpose to determine the conditions of the capital growth in the Russian economy despite the growth rate of public external debt. Methods The research is based on the theory and methodology of the systems analysis and the results of scientific research in the field of monetary policy. Results The article reveals the effect of Russia's monetary policy on the increase of capital in the Russian economy. It is expedient to use the research results in the process of formation and improvement of the mechanism of public debt realization. Conclusions and Relevance The main reasons for the capital growth in the Russian economy are fuel and energy complex and monetary policies. In reality, the exporters of hydrocarbons lobby debt policy, increasing structural changes in the Public Economies.
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