Sergey Aleksashenko
Economics, Eurasia
Putin must undertake serious reforms to keep the country competitive.
“Russia is isolated with its economy in tatters,” said President Obama in his State of the Union address on January 20, 2015. At that time, many thought it was true: the Russian currency was in free fall, while the federal budget was losing its revenues and beginning to extensively rely on reserves accumulated in previous years, and so many experts predicted the collapse of the Russian economy—an economic decline of 10 percent or more, comparable to the 2008–09 crisis. But though the Russian economy plunged into a crisis …read more
Source: The National Interest
