What Could Lie Ahead for Russia? (Jack A. Jarmon – Australian Institute of International Affairs)

The most obvious is Putin’s close circle. The withdrawal from the Russian market has created opportunities for his favored oligarchs who acquired foreign assets at deep discounts or simply seized them. What looms for Russia, however, is a further concentration of wealth and power. As in any oligarchy, this means a restriction on competition, poorer investment efficiency, a constraint on innovation, escalating inequality, stagnant economic growth, and overall the further decay of society.

What Could Lie Ahead for Russia? – Australian Institute of International Affairs