As Moscow finally wakes up to the reality of climate change and the global energy transition, the prevailing attitude among the ruling class appears to be that there is enough oil and gas to keep the state coffers full, buy voters’ loyalty, and control civil society and the media for as long as the country’s current leaders are in power.
What comes after that does not concern them—to quote Madame de Pompadour: “After us, the deluge.” But the Russian political system faces many risks and challenges—political, social, economic, and even psychological—that could bring the deluge earlier than expected. In their latest research paper, “The Coming Deluge: Russia’s Looming Lost Decade of Unpaid Bills and Economic Stagnation,” Andrei Kolesnikov and Denis Volkov have compiled a catalog of the medium-and long-term economic challenges that Russia faces. — What are the key economic challenges for the Russian political system? — When will these risks materialize? — How likely are the Russian authorities to be able to overcome these challenges and crises within the framework of the current political regime?
A panel of experts will address these questions and many more. To submit a question for the event, please use the YouTube chat or tweet at us @CarnegieRussia.
Participants Oleg Buklemishev, director of the Center for Macroeconomic Analysis at the Economics Faculty of Lomonosov Moscow State University. Andrei Kolesnikov, senior fellow and the chair of the Russian Domestic Politics and Political Institutions Program at the Carnegie Moscow Center. Sergei Medvedev, professor at the Free University in Moscow. Elina Ribakova, deputy chief economist at the Institute of International Finance. Denis Volkov, director of the Levada Center in Moscow.
Nov 30, 2021