After Moscow’s full-scale invasion of Ukraine in 2022, Western nations imposed comprehensive sanctions on Russia. Yet, Russia’s economy has exhibited remarkable resilience in the face of these punitive measures. This resilience is not only due to oil revenues, as sometimes stated in public debates. The Russian authorities’ readiness for large-scale sanctions can mainly be attributed to a mix of the high profits received by the Russian treasury in the first half of 2022 and a special type of economic management.

In a new ZOiS report, Alexandra Prokopenko scrutinises the responses of Russia’s financial leadership to four distinct crises over the past 15 years. The country’s constant preparedness for shocks and the succession of crises faced by the Russian economy have, she concludes, produced a habit of adopting ad hoc management practices. In this online event, Alexandra Prokopenko will present key insights from her analysis and discuss their implications.

Participants:

• Alexandra Prokopenko is a researcher at ZOiS, a nonresident scholar at the Carnegie Russia Eurasia Center and a visiting fellow at the German Council on Foreign Relations (DGAP).
• Chair: Julia Langbein is a senior researcher at ZOiS and head of the research cluster Political Economy and Integration