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Deathonomics: The Social, Political, and Economic Costs of War in Russia

Date de publication
09 February 2026
Accroche

The report attempts to outline and examine a truly new phenomenon in Russian society, dubbed “deathonomics”—the making of a mercenary army against the backdrop of the Kremlin’s war in Ukraine, eventually replacing both the Soviet (conscript) and early new Russian (contract) armies. It notes that, by the end of 2023, this trend had turned the military service into one of the highest-paying professions in the country, something not seen in Russia on such a scale since the late 17th century.

Vladislav INOZEMTSEV

New Cold War? What New Cold War? Confronting the Geoeconomic Fragmentation Narrative with the Data

Date de publication
12 December 2025
Accroche

It has become widely accepted that the world economy should be seen as increasingly shaped by forces of fragmentation, resulting from geopolitical tensions. This article takes another look at this narrative, using international trade data. While an aggregate analysis is consistent with a new Cold War narrative, whereby international trade is increasingly seen as split into two blocs, this is only a mix of very different outcomes. Far from being a widespread trend, geoeconomic fragmentation of trade flows is only significant in “hotspots”: Russia's foreign trade and China-US bilateral exchanges, and the impact is massive in these cases. Outside these “hotspots”, there is no tangible sign that geopolitical tensions have been shaping international trade patterns in terms of blocs, nor is there any hint of a trend toward nearshoring – to the contrary, in fact.

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Europe-Russia: Balance of Power Review

Date de publication
04 November 2025
Accroche

European countries can no longer avoid the "Russian question," as Russia has chosen war. They have the necessary potential—that is, the economic means, military capabilities, and technological expertise—to face Russia by 2030, provided they demonstrate the political will to do so.

Image principale

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. 

Image principale

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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Russia in the Arctic: The End of Illusions and the Emergence of Strategic Realignments

Date de publication
31 July 2024
Accroche

Russia’s full-scale invasion of Ukraine has triggered profound changes in the Arctic region, the consequences of which remain uncertain in the long term.

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The Impact of the War in Ukraine on the Energy Sector

Date de publication
07 June 2022
Accroche

The outbreak of war in Ukraine dealt a shock to energy markets. 

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Russia's Economic Modernization: The Causes of a Failure

Date de publication
30 September 2016
Accroche

In this short study of attempts that have been made in recent years to modernize the Russian economy, the author explains why they have all ended in failure. Unlike most experts, he focuses on politics and ideology.

Vladislav INOZEMTSEV
Image de couverture de la publication
couv_mitrova_oies_aout2016.png

Energy Relations between Russia and China: Playing Chess with the Dragon

Date de publication
01 August 2016
Accroche

Post-sanctions Russia-China energy relations: what expectations?

Image de couverture de la publication
couv_mitrova_csismars2016.png

Shifting Political Economy of Russian Oil and Gas

Date de publication
01 March 2016
Accroche

Dramatic changes in the Russian energy strategy and energy-based political alliances are to be expected due to the evolution of the domestic oil and gas market resulting from the economic crisis and sanctions linked to the annexation of Crimea.

Image principale

Deathonomics: The Social, Political, and Economic Costs of War in Russia

Date de publication
09 February 2026
Accroche

The report attempts to outline and examine a truly new phenomenon in Russian society, dubbed “deathonomics”—the making of a mercenary army against the backdrop of the Kremlin’s war in Ukraine, eventually replacing both the Soviet (conscript) and early new Russian (contract) armies. It notes that, by the end of 2023, this trend had turned the military service into one of the highest-paying professions in the country, something not seen in Russia on such a scale since the late 17th century.

Vladislav INOZEMTSEV

New Cold War? What New Cold War? Confronting the Geoeconomic Fragmentation Narrative with the Data

Date de publication
12 December 2025
Accroche

It has become widely accepted that the world economy should be seen as increasingly shaped by forces of fragmentation, resulting from geopolitical tensions. This article takes another look at this narrative, using international trade data. While an aggregate analysis is consistent with a new Cold War narrative, whereby international trade is increasingly seen as split into two blocs, this is only a mix of very different outcomes. Far from being a widespread trend, geoeconomic fragmentation of trade flows is only significant in “hotspots”: Russia's foreign trade and China-US bilateral exchanges, and the impact is massive in these cases. Outside these “hotspots”, there is no tangible sign that geopolitical tensions have been shaping international trade patterns in terms of blocs, nor is there any hint of a trend toward nearshoring – to the contrary, in fact.

Image principale

Europe-Russia: Balance of Power Review

Date de publication
04 November 2025
Accroche

European countries can no longer avoid the "Russian question," as Russia has chosen war. They have the necessary potential—that is, the economic means, military capabilities, and technological expertise—to face Russia by 2030, provided they demonstrate the political will to do so.

Image principale

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. 

Image principale

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.

Image principale

Russia in the Arctic: The End of Illusions and the Emergence of Strategic Realignments

Date de publication
31 July 2024
Accroche

Russia’s full-scale invasion of Ukraine has triggered profound changes in the Arctic region, the consequences of which remain uncertain in the long term.

Image de couverture de la publication
couv_mitrova_oies_aout2016.png

Energy Relations between Russia and China: Playing Chess with the Dragon

Date de publication
01 August 2016
Accroche

Post-sanctions Russia-China energy relations: what expectations?

Image de couverture de la publication
couv_mitrova_csismars2016.png

Shifting Political Economy of Russian Oil and Gas

Date de publication
01 March 2016
Accroche

Dramatic changes in the Russian energy strategy and energy-based political alliances are to be expected due to the evolution of the domestic oil and gas market resulting from the economic crisis and sanctions linked to the annexation of Crimea.

Image de couverture de la publication
couv_mitrova_oies_septembre2015.png

The Political and Commercial Dynamics of Russia's Gas Export Strategy

Date de publication
01 September 2015
Accroche

A wide-ranging look at the way Gazprom interacts with an increasingly challenging global gas market for Russia.

Raising the Costs to President Putin

Date de publication
01 April 2014
Accroche

-by building dissonance within. Some like to remember fondly the call by Ronald Reagan for Gorbachev “to tear down this wall”. The United States “Won the Cold War” said George Bush Senior in his State of the Union Address. We need to step back and recognize with some humility that the Soviet Union fell largely of its own weight rather than as a result of external pressure. Again today Russia is economically weak. It has become an exporter of raw materials, its industrial sector is weak, and its revenues are already falling. Conditions now offer the opportunity to aggravate Russia’s economic frailty – let’s focus on that.

William C. RAMSAY
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The arrest of Russian cybersecurity titan Ilya Sachkov

02 October 2021
Accroche

Our main story this week is the treason case against Ilya Sachkov, the 35-year-old CEO of the cybersecurity firm Group-IB. On Wednesday morning, September 29, hours after officials raided the company’s Moscow office, a local court jailed Sachkov for the next two months, pending trial.

Does Russia still have an "energy weapon"?

14 October 2016
Accroche

What are the Current Challenges for Gazprom and Russia’s Energy Policy? What are the Gas Risks for Europe? Is the Nord Stream-II a Risk or an Opportunity for Europe?

Thane GUSTAFSON

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Ramses Conference, 2024