Russia’s Determination to Revise the Post-Cold War Order – RAND

Nwo Report

Christopher S. Chivvis

The Russian economy has been in recession for nearly two years now, with GDP growth shrinking by 3.7 percent in 2015. However, as the recession continues and persistent low oil prices cut government revenues to the bone, military spending has remained almost immune to cuts, and the country has undertaken expensive foreign military interventions in Ukraine and Syria. The Cipher Brief asks Christopher Chivvis, associate director of the RAND Corporation’s International Security and Defense Policy Center, to explain this behavior.

The Russian economy has been in recession for over 18 months now. Could you begin by laying out the sources of this downturn, and the effect it has had on the Russian budget, and the effect on ordinary Russians?

The Russian economy faces a triple whammy among Ukraine sanctions, low oil prices, and an overall poor business climate. These challenges compound one another, and capital flight continues…

View original post 862 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s