This year will see the 25th anniversary of the Soviet Union’s breakup and the emergence of new Russia on its ruins. Time is ripe for taking stocks and mapping a road into the future.
A group of members of Russia’s Council ... ... the past decade was successful by and large and quite masterful at times. It largely matched the world challenges. A stagnant economy was the weak link. Foreign policy has compensated for that weakness so far. But this resource is now close to exhaustion....
..., Rector of the Russian Presidential Academy of the National Economy and Public Administration, Vladimir Mau, who was one of the brains behind Russia’s economic reforms of the early 1990s, said that the current situation is similar to what the USSR experienced in its later years.
RBTH:
Due to falling oil prices and the sharp decline of the ruble, the Russian economy now finds itself in fundamentally new territory. How would you characterize this new reality?
Vladimir Mau:
As the director of a budgetary institution – the largest university in the country – I love high oil prices. But as an economic ...
