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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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New budget boosts long-term stability


Russia's new three-year 2008-10 budget breaks new ground in more ways than one. The three-year horizon focuses the attention of policy makers and the markets on the economic transition facing Russia, from a world of ever rising oil prices and external windfalls to a world of relative stability in global oil and commodity markets.

More importantly, though, the new budget introduces a completely new framework for managing fiscal policy. The new fiscal structure goes a long way to...

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