Includes bibliographical references and index.

Russia's economy under Putin and its impact on the CIS region / Torbjörn Becker -- Western sanctions and Russian responses: effects after three years / Evsey Gurvich & Ilya Prilepskiy -- The Impact of the Russian crisis on the Belarusian economy: the trade channel / Kateryna Bornukova & Igor Livshits -- Regional economic integration as a gateway to economic modernization / Yaroslav Lissovolik & Aleksey Kuznetsov -- A new trend in Russia's defence spending / Susanne Oxenstierna -- Institutions, allocation of human capital, and economic growth in Russia / Michael Alexeev -- Age and education in the Russian labour market / Vladimir Gimpelson & Rostislav Kapeliushnikov -- Regional impact of the Russian energy sector / Chloé Le Coq, Elena Paltseva & Natalia Volchkova -- Limitations of Putin's economic model / Sergey Aleksashenko -- Russia's crony capitalism: stagnant but stable / Anders Åslund -- The political economy of Russia: is it changing? / Stephen Fortescue.

"This book presents a comprehensive view of the state of the Russian economy under President Putin. It considers the extent of Russia's integration in the world economy, where Russia's exports of oil and gas are a key factor, discusses Russia's internal challenges, including changing demographics, declining government revenue, the need to counter over-reliance on the oil and gas sector and the consequences of high military spending, and assesses the prospects for economic reform, highlighting especially the power struggles between different vested interests. Overall, the book provides a basis for understanding what has been going on in the Russian economy under President Putin and what the future may look like given the external environment, internal challenges and reform processes"--