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Business in the Russian Economy After 2022: Resources, Incentives, Expectations

Unternehmen in der russischen Wirtschaft nach 2022: Ressourcen, Anreize, Erwartungen
[journal article]

Yakovlev, Andrei

Abstract

This analysis examines changes in the attitudes of business elites over three years of war. It shows that most entrepreneurs quickly came to terms with the war, as the Kremlin was able to provide many of them with new sources of income due to a sharp increase in budget expenditures. Simultaneously, ... view more

This analysis examines changes in the attitudes of business elites over three years of war. It shows that most entrepreneurs quickly came to terms with the war, as the Kremlin was able to provide many of them with new sources of income due to a sharp increase in budget expenditures. Simultaneously, in a development somewhat reminiscent of the situation in the 1990s, the structural changes in the economy caused by sanctions and the departure of foreign companies created new opportunities for business. By the fall of 2024, however, these positive dynamics were eroding - and now Russian business faces the prospect of long-term economic stagnation, combined with a new wave of redistribution of property.... view less

Keywords
Russia; economic development (on national level); sanction; national debt; budgetary policy; war; company policy; economic elite

Classification
Economic Policy

Free Keywords
war economy; military budget

Document language
English

Publication Year
2025

Page/Pages
p. 2-5

Journal
Russian Analytical Digest (2025) 326

Issue topic
Business Elites and State-Business Relations

DOI
https://doi.org/10.3929/ethz-b-000730670

Status
Published Version; peer reviewed

Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.