The Present and Future of Russia's Economy and Energy Sector
The past two years have seen the Russian economy placed under immense strain. The combination of persistently low energy prices and Western sanctions tied to the conflict in Ukraine led to a substantial devaluation of the ruble and significant fiscal problems, heightening already serious concerns about the long-term viability of Russia’s economic model. However, this period also saw official pronouncements of a Russian economic rebalance towards the vibrant, rapidly-developing, and energy-hungry countries of the Asia-Pacific, foremost among them China, with which Russia signed billions of dollars worth of energy supply agreements.
Director and Senior Adviser, Russia and Eurasia Program, CSIS