ASSESSMENTS

Russia's Redesigned Economic Plans

Feb 20, 2012 | 13:13 GMT

Russian President Dmitri Medvedev at the EU Headquarters in Brussels on Dec. 15

GEORGES GOBET/AFP/Getty Images

Summary

Members of the Kremlin elite had forged two plans meant to modernize and strengthen the Russian economy for the future. The twin modernization and privatization programs were to depend largely on foreign expertise and investment, particularly investment from the Europeans, who are Russia's most important trade partners. However, the European economic crisis and political instability inside Russia have complicated matters, making investment less likely. Thus, the Kremlin is reformulating its plans to better suit the current circumstances.

Economic and political considerations have forced Russia to rethink its modernization and privatization programs. ...

Keep Reading

Register to read three free articles

Proceed to sign up

Register Now

Already have an account?

Sign In