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Russia: Business and State

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Russie.Eurasie.Visions
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Business in Russia today is closely intertwined with the political sphere. But the forms of business’s involvement in politics have differed radically at different stages in history. Initially, business played an active role, displacing the government from its position due to its vigorous expansion. Subsequently, the state began to regroup, reinforcing its positions not just in politics but in the market too. Despite increased economic uncertainty and enormous changes in Russia’s foreign policy positions, the government currently remains the central actor in both Russian politics and the economy.

Corps analyses

That state of affairs is unlikely to change significantly in the short term.

Given the domestic economic crisis and tensions in relations with the West, the Russian business community is currently falling back on the development of its own individual strategies. These are aimed not so much at growth as at survival in the new conditions. At the same time, Russian experience shows that private initiative is capable of survival in the most unfavorable of circumstances. A new “leap forward” of the kind seen in the 1980s and 1990s is unlikely thanks to the fact that the main players are older than they once were, the underlying economic structures have ossified in the meantime and there is no longer the same drive (though this has not disappeared altogether). Nevertheless, the possibility of private enterprise being reenergized should not be ruled out.

Dr Igor Bunin is the president of the Center for Political Technologies and director of the <Politcom.ru> website.

Alexei Makarkin is first deputy director of the Center for Political Technologies.

 

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978-2-36567-475-1

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Russia: Business and State

Decoration
Author(s)
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Russie, Eurasie, Carte
Russia/Eurasia Center
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Founded in 2005 within Ifri, the Russia/Eurasia Center conducts research and organizes debates on Russia, Eastern Europe, Central Asia, and the South Caucasus. Its goal is to understand and anticipate the evolution of this complex and rapidly changing geographical area in order to enrich public discourse in France and Europe and to assist in strategic, political, and economic decision-making.

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War as Social Elevator: The Socioeconomic Impact of Russian Military Keynesianism

Date de publication
19 June 2025
Accroche

In order to finance its war effort, the Russian state has spent substantial sums of money and implemented a form of “military Keynesianism” that is transforming society at both the socioeconomic and cultural levels. This has partially rebalanced the wide disparities in wealth, levels of consumption, and social prestige in Russian society by granting significant financial and symbolic advantages to peripheral Russia, which has long been overlooked by the central government. 

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The Contradictory Impacts of Western Sanctions on Economic Relations between Russia and Sub-Saharan Africa

Date de publication
28 May 2025
Accroche

How does Russia maintain economic ties with Africa despite Western sanctions? An analysis of investments, trade, and the circumvention strategies deployed by Moscow.

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The Caspian Sea as an Emerging Energy Hub : Potentials and Limitations

Date de publication
07 February 2025
Accroche

This report analyzes the prospects of the Caspian Sea region — and its key actors except for Russia and Iran — becoming an important energy hub serving the needs of the European Union (EU). 

Sergey SUKHANKIN
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The European Union's Strategic Test in Georgia

Date de publication
27 January 2025
Accroche

The political crisis brewing in Georgia is of an existential nature for the country. What is at stake is Georgia's future as a democratic and sovereign European nation (EU).

Teona GIUASHVILI

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Russia: Business and State