Project: Russia and Eurasia Programme, Russia’s Domestic Politics24 February 2015
Dr Richard ConnollyAssociate Fellow, Russia and Eurasia Programme
While Russia may have ‘won’ Crimea, and may even succeed in ensuring that Ukraine is not ‘won’ by the West, the price of victory may be a deterioration in long-term prospects for socio-economic development.
Photo: Yuri Kadobnov / AFP / Getty Images.
Russia’s economic performance has been weakening for several years. The simultaneous fall in the price of oil and the Ukraine crisis have merely exacerbated pre-existing tendencies.The combination of stagnant GDP growth and lower oil prices threatens …read more
Source: Chatham House