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The Russian Economy: A Very Short Introduction

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Russia is one of the largest economies in the world; it is one of the world's most important exporters of oil and gas, and of other natural resources. Its status as one of the largest wheat and grain exporters shapes commodity prices across the globe, while Russia's enormous arms industry provides it with the means to pursue an assertive foreign policy.

This Very Short Introduction shows how Russia's economy is one of global significance, and helps explain why many enduring features, such as the heavy hand of the state and the emphasis on military-industrial production, have persisted despite the immense changes that took place after the disintegration of the Soviet Union in 1991.

Author: Connolly Richard
Publisher: OXFORD UNIVERSITY PRESS
Pages: 176
ISBN: 9780198921998
Cover: Paperback
Edition Number: 2
Release Year: 2026

1:Forces that shaped the economy in Russia
2:The Soviet planned economy
3:The creation of a market
4:The reassertion of the state
5:From modernization to isolation
6:From pandemic to war
7:Russia in the global economy
8:Prospects for the future of the Russian economy

Dr Richard Connolly is Director of the Centre for Russian, European and Eurasian Studies (CREES) at the University of Birmingham. He is a specialist on the political economy of Russia and has published widely on Russia's energy and defence industries, Russia's role in the global economy, and on how sanctions affected Russia. His most recent book is Russia's Response to Sanctions, published by Cambridge University Press in 2018. He has advised a wide range of governments and private-sector organisations.

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