Tag Archives: budget

Vladimir the Cautious

Policies guided by risk-avoidance have allowed Russia to build up significant fiscal reserves before the pandemic hit. But risk-avoidance does seem to serve the country well during the pandemic and it did not neutralize the adverse effects of an overcentralized … Continue reading

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NY Dispatches: COVID-19 and governors

Having left business owners to their own devices, the Kremlin now wants governors to come up with plans to handle the COVID-19 pandemic. Without more fiscal autonomy this will be a tall order. But high uncertainty means that governors can … Continue reading

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Time is politicking out

Richard Sakwa, one of my favourite Kremlin-watchers recently published a recap of the main events and processes of the past few months in Russia. Undoubtedly, the most important and strongest statement in the paper was that the politicisation of elite … Continue reading

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