Russian economic strategy will mix diverse approaches
Wednesday, May 31, 2017
Significance
The Kremlin is open to a range of viewpoints, and various plans are being drafted to avoid stagnation and reignite the growth rates of the 2000s.
Impacts
- International oil production curbs may help oil prices to rise in the second half of 2017, boosting Russian growth.
- This extra boost will help fund short-term electoral spending on social programmes.
- All economic development plans will have to incorporate robust defence spending into their plans.