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21. Decline, Not Collapse: The Bleak Prospects for Russia’s Economy

Author:
Andre Movchan
Publication Date:
02-2017
Content Type:
Research Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Russia faces bleak economic prospects for the next few years. It may be a case of managed decline in which the government appeases social and political demands by tapping the big reserves it accumulated during the boom years with oil and gas exports. But there is also a smaller possibility of a more serious economic breakdown or collapse. A proper analysis requires consideration of a number of key and often overlooked features of Russia’s post-Soviet economy.
Topic:
Economics, International Political Economy, and Economic structure
Political Geography:
Russia

22. Economic Constraints on Russian Foreign Policy

Author:
Christopher Smart
Publication Date:
11-2017
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The recent collapse in the U.S.-Russia relationship has roots that stretch back to fundamental misunderstandings at the end of the Cold War. Western democracies have watched with dismay as tightening political controls in Russia have throttled domestic pluralism, while Moscow’s roughshod foreign policy and military tactics have driven its neighbors into submission or open hostility. Russia has bemoaned what it sees as Western arrogance and a stubborn refusal to recognize its security concerns and great-power status. Today, Russia’s annexation of Crimea, support of Syrian repression, and, above all, meddling in the U.S. presidential election have shattered any desire in Washington—at least outside the Oval Office—to search for common ground. Indeed, amid congressional logjams on nearly every issue, overwhelming bipartisan majorities passed a stiffer sanctions regime. The narrative in Moscow, meanwhile, paints a consistent picture of Washington actively rallying Europeans to expand footholds around Russia’s borders with an ultimate goal of regime change in the Kremlin itself. In spite of President Donald J. Trump’s apparent eagerness to improve relations, deepening resistance across the political spectrum makes any progress fanciful at this stage.Whether either side understands how to get relations back on track remains uncertain. What is clear is that neither side wants to. Deep-seated U.S. mistrust and an unyielding Russian government seem likely to confine the bilateral relationship to a series of sour exchanges and blustery confrontations for now. Yet one persistent weakness will ultimately limit Russia’s foreign agenda: an economy that is likely to fall increasingly behind those of its major neighbors and partners. For now, Russia has largely learned to tolerate Western economic sanctions, and its companies have found ways to live with restricted access to finance. Without reform and economic integration with the West, however, Russian influence will drift toward the margins of global diplomacy. Russia’s economy will atrophy from a combination of hyperconcentrated decision-making, continuing dependence on hydrocarbons, and persistent financial isolation. Core goals of Russia’s foreign policy will steadily recede from view, including important elements of the economic agenda with its immediate neighbors, the European Union and China. Though a snapback of oil prices would undoubtedly delay any day of reckoning, even large new inflows of petro-profits will not fundamentally close the widening gap with major partners.
Topic:
Foreign Policy, Economics, International Cooperation, and Military Strategy
Political Geography:
Russia, United States, Europe, and North America

23. Regards sur l’Eurasie - L’année politique 2015

Author:
Anne De Tinguy, Bayram Balci, Isabelle Facon, Adrien Fauve, Thorniké Gordadze, Sergei Guriev, Raphaël Lefèvre, Gilles Lepesant, and Céline Marangé
Publication Date:
02-2016
Content Type:
Special Report
Institution:
Centre d'Etudes et de Recherches Internationales
Abstract:
"Looking into Eurasia" provides some keys to understand the events and phenomena that have left their imprint on a region that has undergone major mutation since the fall of the Soviet Union in 1991: the post-soviet space. With a cross-cutting approach that is no way claims to be exhaustive, this study seeks to identify the key drivers, the regional dynamics and the underlying issues at stake.
Topic:
Demographics, Economics, Energy Policy, Migration, Nationalism, Political Economy, Sovereignty, Terrorism, Natural Resources, Europeanization, Political Science, Regional Integration, and State
Political Geography:
Russia, Central Asia, Caucasus, Middle East, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Armenia, Azerbaijan, Turkmenistan, Georgia, Western Europe, and European Union

24. Russia's Economy under Putin: From Crony Capitalism to State Capitalism

Author:
Simeon Djankov
Publication Date:
09-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
In the 15 years of President Vladimir Putin's rule, state control over economic activity in Russia has increased and is greater today than in the immediate postcommunist era. The concentration of political and economic power in Putin's hands has led to an increasingly assertive foreign policy, using energy as a diplomatic tool, while plentiful revenues from extractive industries have obfuscated the need for structural reforms at home. The West's 2014 sanctions on Russia have brought about economic stagnation, and with few visible means of growth, the economy is likely to continue to struggle. Watching Europe struggle with its own growth, in part because of deficiencies in its economic model, Russia will not be convinced to divert from state capitalism without evidence of a different, successful economic model. Changing course can only be pursued in the presence of political competition; the current political landscape does not allow for such competition to flourish
Topic:
Economics and Politics
Political Geography:
Russia and Europe

25. Russia's Pivot to Asia: Myths and Realities

Author:
Daniele Fattibene
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Russia’s “pivot to Asia” has come to the fore in the wake of the crisis over Ukraine. Growing tensions with the West over the common neighbourhood, coupled with economic sanctions, have accelerated this trend, with China gaining in strength as both an economic and military partner to Moscow. The Kremlin’s propaganda has sought to convince the broader public that Russia’s strategies in Eastern Europe, Central Asia and the Arctic region are a complement to China’s new Silk Road Economic Belt. Nonetheless, behind the headlines huge potential problems jeopardise the emergence of a durable Sino-Russian consensus in Eurasia. Against this backdrop, the EU should opt for “strategic patience.” This would be a far more effective policy choice than finger pointing, which only deepens the mutual ideological clash between the EU and Russia.
Topic:
Diplomacy, Economics, International Trade and Finance, Bilateral Relations, and Sanctions
Political Geography:
Russia, China, and Asia
Publication Identifier:
978-88-98650-69-9
Publication Identifier Type:
DOI

26. Lessons from Russia and the Future of Sanctions

Author:
Peter Harrell
Publication Date:
09-2015
Content Type:
Policy Brief
Institution:
Center for a New American Security
Abstract:
U.S. and European sanctions on Russia mark a significant evolution in the sanctions toolkit. Officials deployed novel types of financial and energy sanctions to create a regime that imposed significant costs on Russia while minimizing collateral impacts on the U.S. and European economies. The U.S. and European decision to create these new tools was driven by the need to take an innovative approach to sanctions against an economy twice the size of the combined gross domestic products (GDPs) of all other countries subject to significant U.S. economic sanctions and on Russian companies that play an important role in global markets. These developments, while tailored to Russia’s unique circumstances, hold important lessons for the future of sanctions policy.
Topic:
Foreign Policy, Cold War, Economics, International Trade and Finance, and Sanctions
Political Geography:
Russia

27. Where the Lions Are: Gazprom's "Energetic Pliers" and Aspirations of a Eurasian Archipelago: The Geopolitics of Russia's Networked Energy Infrastructure

Author:
John Haines
Publication Date:
08-2015
Content Type:
Book
Abstract:
In a recent essay, George Friedman wrote with admirable clarity about an intelligence truism that is at one and the same time elemental and frequently overlooked: “The entire principle of strategic intelligence is to ruthlessly discard the subcritical noise that is being collected in order to identify the center of gravity of events. A tiny hint may sometimes draw attention to a major process, particularly in military affairs. Finding that tiny hint, however, requires huge amounts of time and effort, and little time is left to understand the meaning. Moreover, in many cases, the process is in plain sight. The trick is to see it, and the even harder trick is to believe it.” With that charge, the objective of this essay is to look at Russia’s network of natural gas pipelines and ethnic enclaves in its near abroad in the interest of exploring whether and how the two intersect. The initial hypothesis is that ethnic separatism is instrumental to the former in two fundamental ways. First, these enclaves are located geographically along major energy pipeline routes, often at key junctures in pipeline networks. Second, they sit atop substantial shale gas reserves, the determined exploitation of which would decisively undercut Russia's natural gas oligopoly. They constitute specific, identifiable “spheres of privileged interests” in Russian foreign policy. The idea for this essay began with a conversation with a Moldovan diplomat about Transnistria, a separatist region of his country that has amassed a staggering debt—in excess of $5 billion—for the purchase of Russian natural gas. Russia's use of this debt to exert political pressure on Moldova is a story broadly understood.[4]
Topic:
Foreign Policy, Debt, Economics, Energy Policy, and Natural Resources
Political Geography:
Russia

28. We Are Relevant, Influential and Respected

Author:
Sergey Ryabkov and Armen Oganesyan
Publication Date:
04-2015
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
To get down to the facts, in April, Russia’s BrICs presidency got off to a flying start. Within two and a half months, a number of major BrICs related events took place in Russia. Furthermore, a major nonproliferation forum took place, a review conference in new York from late April until late May. this event is held once every five years. and I should also mention perhaps a series of very important, intense and constructive contacts at the top and other levels with the leaders of Latin american countries. This sets the current year apart from the previous year and the year 2013.
Topic:
Economics, Human Welfare, International Security, and Financial Markets
Political Geography:
Russia

29. Relations Between Russia and Europe: No Simple Solutions in Sight

Author:
S. Karaganov
Publication Date:
06-2015
Content Type:
Working Paper
Abstract:
The Crisis between Russia and the West is associated with Crimea and Russia’s actions in Donbass and Ukraine; in fact, it has deeper roots while its long-term repercussions might prove to be much graver than expected. a large-scale armed clash cannot be excluded even if this possibility is gradually reducing; we should be ready to political confrontation and contracted economic ties. Today, Europe is facing an even greater threat: a civilizational divorce with Russia.
Topic:
Political Violence, Economics, Armed Struggle, and Geopolitics
Political Geography:
Russia, Europe, Ukraine, and Crimea

30. The Hour of Truth: The Conflict in Ukraine–Implications for Europe’s Energy Security and the Lessons for the U.S. Army

Author:
Dr. Ariel Cohen and Ivan Benovic
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
The Strategic Studies Institute of the U.S. Army War College
Abstract:
Since the breakup of the Soviet Union, a number of gas disputes between Russia and Central and Eastern European countries have unveiled the strategic dependence of Europe on Russian piped gas. The recent Ukrainian crisis demonstrated that Europe has a desperate need to improve the security of its gas supply. The United States is interested in the economic stability and growth of Europe, because the European Union (EU) is its principal and largest economic partner. The United States and the EU enjoy the largest trade and investment relationship in the world, which should not be jeopardized by disruptive, anti-status-quo powers. Europe’s energy independence is not only an economic interest of America, but also a political and security one. Europe’s dependence on Russian natural gas undermines European unity and weakens the primary U.S. allies in their relations with Russia. U.S. Armed Forces in Europe and the U.S. Army in particular can and should play an important role in promoting energy security. This involvement includes: increased situational awareness; deployment to the sensitive areas; and enhanced training activities, including with the allies of the U.S. military in Central and Eastern Europe.
Topic:
Security, Economics, Energy Policy, Natural Resources, Military Affairs, and Gas
Political Geography:
Russia, Europe, Eastern Europe, and Soviet Union