“Putinomics: How the Kremlin Damages the Russian Economy”

The conflict in Ukraine resulted in a significant set of sanctions on Russia. Somewhere around the world, there is speculation about how the Russian economy will deal with the impact of these sanctions on its economy.

“Putinomics: How the Kremlin Damages the Russian Economy”, book by Albrecht Rothacher, published in 2021, makes a very in-depth analysis of Vladimir Putin’s Russian economy, dedicating several chapters to specific sectors such as Oil, Agriculture, Industry and an interesting analysis of the dynamics of external relations with the EU and China.

The eBook is fully available through the library catalogue.

This book sheds new light on the political economy of Russia under Putin’s rule. The author, a former EU diplomat, presents a historical review of the Russian economy and 60 years of state-communist mismanagement, followed by oligarchic privatization.

The book offers profound insights into Putin’s rule and the power mechanics of the state-dominated management of the Russian economy. It identifies and assesses the lack of rule of law, together with an arbitrary and often corrupt administration that systematically discourages entrepreneurship and the emergence of an independent middle class. Furthermore, the book discusses Russia’s budgetary policy, its dependence on the export of natural resources, state-owned enterprises and their privileges, and Russia’s external trade.

This hard-hitting, substantial analysis debunks the myth of Russia’s economic might and is a must read for anyone seeking to understand the economic realities of the Eurasian continent, or considering doing business with Russia