Russia in Global Affairs

Since August 2017, legislation allowing the imposition of a range of new sanctions against Russia has been passed by US lawmakers. Although not all this legislation has thus far been implemented by the president, Donald Trump, the mere threat of more draconian economic sanctions from the US created considerable uncertainty in Russia.

A new system of political economy is emerging in Russia in which greater control is exerted over key industries to help generate the economic basis to compete in what its leaders perceive to be an increasingly hostile geopolitical environment.