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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.
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