Why Russia's Economy Is Headed for Trouble
Michael Rubin
Economics, Europe
A lack of real reforms and a hyper-dependence on oil has prevented the emergence of a healthy, diverse economy.
Vladimir Putin will soon begin his third decade at Russia’s helm. When he took the reins of power from Boris Yeltsin, Russia was a nascent democracy but was just emerging from years of economic recession. Putin, a former KGB officer, exuded strength. He ended the Chechen war decisively and with brutality. He presided over a surge in the Russian economy. Читать дальше...
