Publication

Jun 2015

This brief evaluates how Russia's economy has been run under “Putinomics,” which relies heavily on oil and gas for revenue. The text's author also discusses how international sanctions and a huge fall in oil prices in 2014 are likely to affect the Russian economy under the Putin system. Overall, the author argues that, assuming the price of oil remains at around $60 dollars a barrel, the Russian economy will not collapse in the near future; rather, it will start to sink into a gradual depression.

Download English (PDF, 10 pages, 288 KB)
Author Kirill Rogov
Series ECFR Policy Memos
Issue 134
Publisher European Council on Foreign Relations (ECFR)
Copyright © 2015 European Council on Foreign Relations (ECFR)
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