As the Kremlin prepares to manage the public health emergency and an economic slowdown, it’s coming to view the global disarray as affirmation of its ideology.
The current economic turbulence resembles a fire at an explosives warehouse during a flood and an earthquake, all at the same time.
Falling oil prices leave no chance Russia’s GDP will grow in 2020—a bleak prospect for both ordinary people and once optimistic investors.
Carnegie’s Alex Gabuev and The Financial Times’ Asia editor Jamil Anderlini discuss coronavirus, the ongoing U.S.-China trade war, and the geopolitical dynamics in Asia-Pacific.
The main task of Putin’s economic policy is to collect as much in taxes as possible. This is why the man who successfully transformed the Federal Tax Service is now head of the government.
Mikhail Mishustin is replacing Dmitry Medvedev as prime minister of Russia after nearly a decade as director of the Federal Tax Service (FNS). Russians can expect a shift in emphasis from taxation to the allocation of funds as Mishustin draws on his management skills to make government spending as orderly and transparent as taxation became under his leadership.
The president’s withdrawal from economic issues leaves politicians of a certain type with room to maneuver. Their hope is to formulate a new economic path that they may even be allowed to put into practice. If they are lucky, and if Putin decides to vacate the Kremlin in 2024, they will be implementing this path from the office of the president.
This podcast focuses on Russian trade since 2014, when the country started to turn away from the West and increase its exposure to China. Podcast host Alex Gabuev is joined by Tatiana Flegontova and Janis Kluge.
The Russian authorities’ attempts to improve conditions for entrepreneurs are not very predictable, and the new investment regime is constructed in such a way that state control over investment projects will grow, while most state support will go to state capitalists and companies close to them.
Spending the surplus in the National Wealth Fund (NWF) via government decrees is the last chance for the state capitalists to get large sums of money for practically nothing, without looking beyond 2024. Meanwhile, it is the government that will have to bear the political risks of dispensing the NWF to the chosen few in full view of a society that is irate and becoming poorer for the fifth year in a row.