Economic Crisis

16.10.2015

Frozen Russia

Russian consumers are increasingly unhappy, but their discontent is being frozen in depression rather than manifested in social protest.
15.10.2015

Grab and Share: New Tax Proposals for Russia's Oil Industry

Changing and burdensome tax regulations for the Russian oil industry are deterring foreign investors and causing problems with attracting financing for long-term growth. New proposals by the Finance Ministry, if implemented, would only make things worse.
2.10.2015

Lessons For Russia’s Future From Argentina’s Past

The parallels between the late Soviet era and contemporary Russia are indeed striking. But is this analogy applicable? Not entirely. To assess Russia’s future we should look not to its own recent history, but to the developments in countries that experienced similar transitions.
29.09.2015

A Reality Check for Russia’s China Pivot

The recent decline in the Chinese stock exchange reveals economic weaknesses that Russia had been trying to ignore. Russia’s relationship to China has too many emotional mood swings and needs to be more pragmatic.
17.09.2015

Russia’s Long-Term Oil Blues

Russia’s oil and gas industry faces long-term systemic problems, even in the unlikely scenario that the price of oil rises sharply again. This has severe implications for the country’s economic prospects.
15.09.2015

Glazyev’s Economic Policy of the Absurd

A new set of economic proposals by Sergei Glazyev defy generally accepted economic theories and historical experience and would probably ruin the Russian economy if accepted. Is there a political rather than an economic rationale to them?
14.09.2015

Just an Oil Company? The True Extent of Russia’s Dependency on Oil and Gas

Official statistics suggest that Russia’s oil and gas industry accounts for only a quarter of the country’s GDP. However, when other factors are factored in, the economy is seen to be much more heavily dependent on hydrocarbons. With oil prices looking set to stay low for a long time, this is bad news for the Russian economy.
11.09.2015

Sino-Russian Trade After a Year of Sanctions

Putin's visit to China is his first since the West's introduction of sectoral sanctions against Russia. Moscow’s hopes for greater engagement with China have gone unfulfilled. Due to falling commodity prices, sanctions, the volatility of the ruble and the economic crisis in Russia, trade and investments continue to decline, while agreeing on new deals is becoming increasingly difficult.
13.08.2015

Myths and Realities of Sanctions in Russia

The Russian elite and public are propagating certain myths that Western sanctions are not hurting or are even helping Russia's economy. The reality is much bleaker: sanctions are here to stay for a long time and there can be no healthy economic development while they are in place.
16.07.2015

Why Moscow Opposed Grexit

Putin phoned IMF chief, asking the Europeans to support Athens in any way possible. It is likely that Obama asked to do the same thing: there is no indication that Greece was ever a point of contention between Russia and the United States—despite Greece’s position on the Ukrainian crisis, its anti-Western rhetoric, and Tsipras’ friendship with Putin
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