Christopher Granville

Managing Director, EMEA and Global Political Research
+44 20 7246 7867

Arnab Das

Advisor, EM Macro Strategy
+44 20 7183 5280

Jon Harrison

Managing Director, EM Macro Strategy
+44 20 7246 7879

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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

See all our Russia research >>

Russian economic policy response to geopolitical shock


Three months into the Ukraine crisis, the response of Russian economic policymakers finally became clear in the second half of May. There were two parts to that response: a further downgrade of official medium-term macroeconomic forecasts; and a new policy initiative on state-led financing of fixed-asset investment, which can be seen as a reaction to the prospect of relative economic decline implied by the latest forecasts. Our report assesses the risks of this policy response both...

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