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Russia’s Hobbled Future


The crisis of 2008 demonstrated Russia’s intrinsic economic weakness. Even before the downturn, President Dmitri Medvedev was trying to steer the country toward a high-tech future, going so far as to inaugurate a so-called city of development. But with the country in distress, following through with planned transformations seems less and less likely. . Nor is Europe in any position to help.

The crisis of 2008 demonstrated Russia’s intrinsic economic weakness. Even before the downturn, President Dmitri Medvedev was trying to steer the country toward a high-tech future, going so far as to inaugurate a so-called city of development. But with the country in distress, following through with planned transformations seems less and less likely. . Nor is Europe in any position to help.

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