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Russia ResurrectedIts Power and Purpose in a New Global Order$
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Kathryn E. Stoner

Print publication date: 2021

Print ISBN-13: 9780190860714

Published to Oxford Scholarship Online: February 2021

DOI: 10.1093/oso/9780190860714.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 September 2021

The Unsteady Economic Basis of Russian Power

The Unsteady Economic Basis of Russian Power

(p.119) 4 The Unsteady Economic Basis of Russian Power
Russia Resurrected

Kathryn E. Stoner

Oxford University Press

This chapter looks at the Russian economy as a means of international power projection. It refutes the idea that it is a clear brake on Russia under Putin’s global ambitions. Although the Russian economy is still far too dependent on oil and gas revenues, there has been some modest diversification, and it has grown slowly even under sanctions imposed since 2014 by the United States and Europe. Still, there has been too little investment in the development of new technologies and in Russian higher education, and too often state enterprises are used as instruments in Russian foreign policy under Putin’s autocracy.

Keywords:   Russian economy, foreign direct investment, Russian Central Bank, Russian business, higher education, corruption, rule of law, property rights

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