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Recent Russia research

* Russia: Fiscal rule to boost asset prices in 2018, Christopher Granville, Madina Khrustaleva, 14 Dec 2017
* Russia: Domestic funds flow into capital markets, Christopher Granville, Madina Khrustaleva, 30 Nov 2017
* Russia: Putin’s future: Politics and policy, Christopher Granville, Madina Khrustaleva, 3 Nov 2017
* Russia: Nabiullina takes the controls, 11 Oct 2017
* Russia: US sanctions – a contrarian case, Christopher Granville, 28 Jul 2017

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Transforming Russia's Stabilization Fund


With accumulations in the Stabilization Fund approaching $100 billion, over four times the original target, it is past time to decide what to do with these windfalls. Finance Minister Alexei Kudrin recently submitted a proposal to the government on what should happen to these funds.

Kudrin's strategic vision of how such windfalls should be managed amounts to a new framework for budget planning and execution. It is certain that Russia's political classes will attempt to marshall...

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