Reflections

The Russian Economic Revolution That Never Was

May 26, 2016 | 02:54 GMT
Russia's Race to Reform
Russian President Vladimir Putin called to convene the Presidium of the Economic Council on Wednesday. The group, which has not met in two years, will try to come up with a plan to solve Russia's economic problems.
(SERGEI KARPUKHIN/AFP/Getty Images)

Russia's economic strategy is in disarray. The government has already cut its federal budget for 2016 twice, and the Kremlin has still not made a final decision on this year's spending. After muddling through two years of economic hardship, government members, silovarchs and technocrats are squabbling over how to escape a prolonged crisis. On Wednesday, Russian President Vladimir Putin resurrected his Presidium of the Economic Council to come up with a plan for the next three years. ...

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