Russian Economy

Russia’s Lost Decade

The stunning collapse of Moscow’s client regime in Syria after a prolonged intervention in the country is a major blow to the Kremlin’s ability to influence global affairs. Yet even...

Ukraine and Russia’s Collapsing Home Front

Since February 24, 2022, when Russian forces poured into Ukraine, Western observers and governments have concentrated their attention on the fighting front. Intelligence agencies in Britain, Poland, the Baltic countries,...

Chinese Payment System Suspends Operations in Russia, Further Isolating Moscow

Russia’s RBC news outlet reported earlier this week that UnionPay, China’s largest payment processing service, ended its operations in Russia over concerns that continuing to work in the country could...

Russian Economy Collapses as Sanctions Hit Russian Central Bank

The Russian economy saw sharp contractions on Monday after the United States, the European Union, and other Western nations and international organizations imposed a raft of sanctions against Moscow for...

Here’s What Will Happen If Putin Rules Russia for 12 More Years

The Kremlin’s efforts to extend President Vladimir Putin’s 20-year presidency will enable Moscow to sustain the policies that have seen Russia reclaim its great power status, while postponing the political and socio-economic...

Coronavirus Is Coming for Russia

The current crisis caused by low oil prices and COVID-19 bolsters skeptical perceptions of Russia’s 2020 growth forecast. With no revenues entering the country’s National Wealth Fund at current oil...

Is Putin Getting Russia’s Spending and Economy All Wrong?

With 2021 parliamentary elections in mind, Russian President Vladimir Putin recently announced a package of broad social measures designed to boost consumer spending and, in turn, economic growth. But while...

The Truth About Sanctions Against Russia

The extension of sanctions against Russia by the EU and their expansion by the United States demonstrated that the restrictive measures will remain in place for the foreseeable future. However...

Russia’s Economy: What Do the Numbers Tell Us?

Before the Bolshevik revolution, Vladimir Lenin supposedly said “the worse the better.”  Essentially what he meant was that the more conditions deteriorated under the Russian czar (and in its aftermath)...