The Russian Economy under Putin  book cover
1st Edition

The Russian Economy under Putin

ISBN 9780367587758
Published June 30, 2020 by Routledge
242 Pages

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Book Description

This book presents a comprehensive view of the state of the Russian economy under President Putin. It considers the extent of Russia’s integration in the world economy, where Russia’s exports of oil and gas are a key factor, discusses Russia’s internal challenges, including changing demographics, declining government revenue, the need to counter over-reliance on the oil and gas sector and the consequences of high military spending, and assesses the prospects for economic reform, highlighting especially the power struggles between different vested interests. Overall, the book provides a basis for understanding what has been going on in the Russian economy under President Putin and what the future may look like given the external environment, internal challenges and reform processes.

Table of Contents

List of figures

List of tables

List of contributors


Abbreviations and acronyms

Chapter 1 Introduction

Torbjörn Becker & Susanne Oxenstierna

Part I: Russia in the world economy

Chapter 2 Russia’s economy under Putin and its impact on the CIS region

Torbjörn Becker

Chapter 3 Western sanctions and Russian responses: effects after three years

Evsey Gurvich & Ilya Prilepskiy

Chapter 4 The Impact of the Russian crisis on the Belarusian economy: the trade channel

Kateryna Bornukova & Igor Livshits

Chapter 5 Regional economic integration as a gateway to economic modernization

Yaroslav Lissovolik & Aleksey Kuznetsov

Part II: Russia’s internal challenges

Chapter 6 A new trend in Russia’s defence spending

Susanne Oxenstierna

Chapter 7 Institutions, allocation of human capital, and economic growth in Russia

Michael Alexeev

Chapter 8 Age and education in the Russian labour market

Vladimir Gimpelson & Rostislav Kapeliushnikov

Chapter 9 Regional impact of the Russian energy sector

Chloé Le Coq, Elena Paltseva & Natalia Volchkova

Part III: Reforming Russia

Chapter 10 Limitations of Putin's economic model

Sergey Aleksashenko

Chapter 11 Russia’s crony capitalism: stagnant but stable

Anders Åslund

Chapter 12 The political economy of Russia: is it changing?

Stephen Fortescue



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Torbjörn Becker is the Director of the Stockholm Institute of Transition Economics (SITE) at the Stockholm School of Economics.

Susanne Oxenstierna is a Deputy Research Director at the Swedish Defence Research Institute (FOI).