Yuval Weber provides a concise economic history of modern Russia, which explains how its economy works both at an economic level but also strategically serving its elites' personal and political agendas. At a time when the global importance of Russia's oil and gas reserves is in full view, the book examines the Russian Petrostate and considers the long-term challenges for an economy reliant on natural resources for its resilience. The country's regional imbalances, the demands of its huge military-industrial complex and the legacy of centralization are considered alongside the rising consumerism of its citizens, and other human factors, such as ethnicity, health and demography.
The book offers readers seeking to understand Russia's economic resilience in an increasingly fractured global economy, an illuminating historical perspective on Russia's political economy and the power structures underpinning Putin's governance.
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