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The research objective is to identify key issues for and aspects of digital economy development in Russia. Both general scientific methods of cognition (combination of historical and logical unity, traditional analysis and synthesis methods) and specific evaluation methods served as a methodological basis for the research. The society development stages were examined. The role of digital economy as a new paradigm for development was substantiated. Goals and targets of digital economy were identified. Positive effects for and risks to economic development associated with implementation of digital technology were described. It has been established that digitalization paradigm has both positive and negative impacts. [ABSTRACT FROM AUTHOR]