5. From modernization to isolation
Journal: Oxford University Press eBooks
Year: 2020

‘From modernization to isolation’ shows how Russia’s dependence on oil and gas was tested by the global financial crisis of 2008 and Western sanctions imposed after the annexation of Crimea in 2014. During Dmitry Medvedev’s presidency, Putin, as prime minister, held onto much of the power. Medvedev’s ambitious plans to modernize the Russian economy with technology were limited by a legacy of corruption in the system. State involvement in energy, defence, industrial production, finance, and agric