Torbjörn Becker is the Director of the Stockholm Institute of Transition Economics (SITE) at the Stockholm School of Economics.

Susanne Oxenstierna is a Deputy Research Director at the Swedish Defence Research Institute (FOI).

List of figures

List of tables

List of contributors

Foreword

Abbreviations and acronyms

Chapter 1 Introduction

Torbjörn Becker & Susanne Oxenstierna

Part I: Russia in the world economy

Chapter 2 Russia's economy under Putin and its impact on the CIS region

Torbjörn Becker

Chapter 3 Western sanctions and Russian responses: effects after three years

Evsey Gurvich & Ilya Prilepskiy

Chapter 4 The Impact of the Russian crisis on the Belarusian economy: the trade channel

Kateryna Bornukova & Igor Livshits

Chapter 5 Regional economic integration as a gateway to economic modernization

Yaroslav Lissovolik & Aleksey Kuznetsov

Part II: Russia's internal challenges

Chapter 6 A new trend in Russia's defence spending

Susanne Oxenstierna

Chapter 7 Institutions, allocation of human capital, and economic growth in Russia

Michael Alexeev

Chapter 8 Age and education in the Russian labour market

Vladimir Gimpelson & Rostislav Kapeliushnikov

Chapter 9 Regional impact of the Russian energy sector

Chloé Le Coq, Elena Paltseva & Natalia Volchkova

Part III: Reforming Russia

Chapter 10 Limitations of Putin's economic model

Sergey Aleksashenko

Chapter 11 Russia's crony capitalism: stagnant but stable

Anders Åslund

Chapter 12 The political economy of Russia: is it changing?

Stephen Fortescue

Index