Publication

This paper examines the impact of the economic crisis of 2008 on Russia and the Russian government’s response to it. The author outlines the scale of the crisis and its cost to the Russian economy before assessing the structure of the Russian corporate state. She then proceeds to analyze regional and international attempts to reform the international financial system and establish the rouble as a reserve currency. Eventually, the author evaluates the evolving political situation as the crisis has unfolded. She concludes that central power has continued to strengthen and that a Russian-style corporate state is taking shape.