Importance In modern conditions, sustainable economic development is impossible without creating conditions for its expanded reproduction. The key issue for any economic system reproduction is its equilibrium, i.e. building the structure of the economy on the ground of observance of certain proportions in the social production. Commercial banks play an important role in this process. Objectives The aim of the article is to research the impact of credit activity of commercial banks on reproductive processes in the Russian economy. Methods Based on the analysis and processing the relevant statistical data, I have highlighted some specifics of the existing structure of economy and negative trends in its dynamics during recent years. Results I provide a rationale for the major problems related to banks' participation in the modernization of the Russian economy structure. These problems include insufficient lending to the industrial sector, high interest rates, and low share of bank loans in investments. To solve these problems, I propose strategic and tactical measures. In particular, the strategic measures involve substantiation of the selection and building a hierarchy of priority sectors and projects as objects of credit and financial support; expanding the range of potential investors. The tactical measures are as follows: to improve the refinancing procedure of the Bank of Russia; to strengthen the targeted lending of banks based on special loan programs' development; to expand areas and volumes of syndicated loans, including those with the involvement of banks from the Common Economic Space countries. Conclusionsand Relevance The proposed set of strategic and tactical measures may contribute to strengthening the role of commercial banks in ensuring the process of expanded reproduction through impacting the structure of the Russian economy.
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