The Great Debate

Putin’s created an economic crisis and left Moscow no easy way out

By William E. Pomeranz
November 4, 2014

Russia's President Putin chairs a meeting with members of the government at the Novo-Ogaryovo state residence outside Moscow

Western sanctions have left Russia in dire financial circumstances — stuck somewhere between recession and stagnation. Though proven solutions exist for what now ails Russia, President Vladimir Putin’s geo-strategic and political choices have rendered these traditional economic approaches unworkable.

Russia: Where has all the money gone?

By William E. Pomeranz
November 25, 2013

Russian President Vladimir Putin has had a good run over the past few months.

Edward Snowden, the former NSA contractor, landed on his doorstep, a gift from the PR gods. Agreement on Syria went from no chance to golden opportunity in the course of one afternoon. Forbes dubbed Putin the most powerful man in the world. Yet all these successes obscure a basic fact: Russia is running out of money.

from Ian Bremmer:

The Kremlin has castled and Putin is still king

By Ian Bremmer
September 28, 2011

By Ian Bremmer
The opinions expressed are his own.

Long live the king? You can't hold it against the Russian people for wondering just how long Vladimir Putin intends to remain in power with the recent announcement that he plans to return himself to the presidency and swap his partner Dmitri Medvedev into the prime minister slot. The electoral game Putin is playing is being compared to "castling" in chess-- a rook and a king swapping places, in order to shore up the defense.