The Russian Economy in Focus: Recovery is Further Away than Some Might Think

This working paper looks at recent trends in the Russian economy after more than two years of recession. It analyses the fundamental reasons for the current economic crisis and argues against some of the mainstream views on ‘the end of the recession’ and the role of Western financial sanctions. The paper follows up the author's publication Russia's downfall: the worst economic crisis since the collapse of the USSR (published in December 2015).