Don’t Expect an Economic Miracle in Putin’s Russia

Amid all the speculation about the recent government reshuffleand what it signifies, one thing is certain: the new Russian government was not assembled to enact change or generate ideas. On the contrary, it has all the hallmarks of one big supervisory body. Prime Minister Mikhail Mishustinand a significant number of his deputies previously worked in the Federal Tax Service, and many other ministers have come from corresponding oversight agencies.This supervisory government is not designed to achieve a breakthrough or rapid growth. The government’s tasks are pragmatic: to hold onto power and th…

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