No. 180: Economic Crisis

Author(s): Peter Rutland, Jeronim Perović
Editor(s): Stephen Aris, Matthias Neumann, Robert Orttung, Jeronim Perović, Heiko Pleines, Hans-Henning Schröder, Aglaya Snetkov
Series: Russian Analytical Digest (RAD)
Issue: 180
Publisher(s): Center for Security Studies (CSS), ETH Zurich; Research Centre for East European Studies, University of Bremen; Institute for European, Russian and Eurasian Studies, George Washington University
Publication Year: 2016

This edition considers the current economic crisis in Russia, and asks what the political implication might be? Firstly, Peter Rutland provides an overview of the economic situation, concluding that the negative growth is not likely to lead to political change in the country. Secondly, Jeronim Perović argues that the distribution of earnings from the oil industry remains a key instrument for the Kremlin in ensuring the continuing loyalty of the elite, and asks if petrodollars are now going to be in short supply will the “Putin system” start to falter? Thirdly, there is a variety of statistics detailing the current economic situation in Russia.

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