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9 January 2018

The Kremlin’s Lack of New Year’s Resolutions

After failing to meet pledges made before Vladimir Putin’s  2012 election, Russia’s authorities are not promising much this time around

27 December 2017

Russia’s Economy in 2017: Stable But Troubled

Higher oil prices, state investment and Central Bank activism have maintained surface stability in the Russian economy this year, but there are still significant undercurrents that could serve to accelerate political reforms in 2018.

6 December 2017

Two Lean Years: Russia’s Budget for 2018-20

A worrying few years lie ahead for Russia’s economy. The Russian government is cash-strapped at both national and regional levels, and it will be education, health, wages and welfare that take the hit. High military spending is set to continue.

10 November 2017

Russia’s Regional Debt Spiral

Russia’s regional governments owe vast sums to commercial banks and the federal government in Moscow. Those debts are spiralling out of control and need repaying. But where will those repayments come from?

27 September 2017

Danger and Dysfunction in Russia’s Private Banking Sector

Russia’s Central Bank launched a recent clean-up operation to stop Russia’s largest private bank Otkritie from going bankrupt. A one trillion-rouble “hole” had been discovered in Otkritie’s assets. Almost immediately after that, the Central Bank had to bailout another – BinBank, Russia’s 12th largest. Where does this leave the country’s private banking sector?