Alexandra Prokopenko

  • Why Is Russia Jeopardizing the Ukraine Grain Deal?

    • 16.09.2022
    Given Ukraine’s successful counterattack, the fighting there isn’t going Russia’s way. Nor is the gas supply situation in Europe nearly as grim as Russian propaganda makes out. In these circumstances, Putin finds he does not have so many ways of putting pressure on the West at his disposal. Threatening to torpedo the grain deal is one of his few remaining options.
  • Bartering, Cryptocurrencies, and Yuan: Russia Seeks Alternatives to Trading in Dollars

    • 05.09.2022
    It’s hard to imagine Moscow being able to convince the rest of the world that its attempts to reinvent the global monetary system are an improvement on the tried and tested convenience of reserve currencies. Accordingly, Russian companies will have to accept all the additional risks and expense inherent to dubious schemes to avoid using the dollar and euro.
  • What’s in the Ukraine Grain Deal for Russia?

    • 26.07.2022
    The easing in sanctions that Moscow obtained as an informal part of the Ukraine grain deal will enable it to address some critical vulnerabilities in Russia’s own food security, as well as to take advantage of the current high prices on the global market and ensure that agricultural holdings with ties to the Kremlin expand their export revenues.
  • Could Russia Move First to Halt Oil Exports to Europe?

    • 30.05.2022
    Ultimately, Russia has more to gain politically than Europe does from an embargo.
  • Upcoming Elections Mean New Economic Policy in Russia

    • 16.12.2019
    The president’s withdrawal from economic issues leaves politicians of a certain type with room to maneuver. Their hope is to formulate a new economic path that they may even be allowed to put into practice. If they are lucky, and if Putin decides to vacate the Kremlin in 2024, they will be implementing this path from the office of the president.
  • Investment in Russia Remains a Lottery, Despite Government Promises

    • 14.11.2019
    The Russian authorities’ attempts to improve conditions for entrepreneurs are not very predictable, and the new investment regime is constructed in such a way that state control over investment projects will grow, while most state support will go to state capitalists and companies close to them.
  • Last Chance Saloon: The Race to Grab Russia’s Reserves

    • 27.09.2019
    Spending the surplus in the National Wealth Fund (NWF) via government decrees is the last chance for the state capitalists to get large sums of money for practically nothing, without looking beyond 2024. Meanwhile, it is the government that will have to bear the political risks of dispensing the NWF to the chosen few in full view of a society that is irate and becoming poorer for the fifth year in a row.
  • What’s Behind Russia’s New Offensive Against the Internet Economy?

    • 12.08.2019
    In recent months, Russia has launched a new attack on web-based companies. Often, these measures are presented as efforts to combat terrorism. However, behind them lies a union of bureaucrats and security agents, the business aspirations of state capitalists, and the Russian authorities’ desire to control the internet.
  • Why the Russian Government Can’t Attain Economic Growth

    • 31.07.2019
    The obstacles hindering growth are well known, and it would seem that the government has every opportunity to tackle these problems. It could easily resist lobbying by state capitalists: both the law and regulations would allow that. Instead of embarking on a path of empowerment, however, the government has turned into a place of ceremonial meetings for people with influential positions who are manipulated by officials from the presidential administration and by state capitalists.
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