A woman takes a selfie in front of the Kremlin and St Basil’s Cathedral at sunset in Moscow on April 19, 2019. Declining oil prices and a global recession have raised fears about the sustainability of Russia’s economic model. Photo: AFP A woman takes a selfie in front of the Kremlin and St Basil’s Cathedral at sunset in Moscow on April 19, 2019. Declining oil prices and a global recession have raised fears about the sustainability of Russia’s economic model. Photo: AFP
A woman takes a selfie in front of the Kremlin and St Basil’s Cathedral at sunset in Moscow on April 19, 2019. Declining oil prices and a global recession have raised fears about the sustainability of Russia’s economic model. Photo: AFP
Dmitriy Frolovskiy
Opinion

Opinion

The View by Dmitriy Frolovskiy

Coronavirus pandemic’s hit to Russia’s economy should prompt structural reform

  • While projections suggest the pandemic will not hurt the Russian economy as badly as feared, stagnation and inefficiency continue to hold back its growth
  • The Kremlin should institute deep structural reforms to boost growth and avoid a worsening deficit, but there are few signs it will change its domestic policies

A woman takes a selfie in front of the Kremlin and St Basil’s Cathedral at sunset in Moscow on April 19, 2019. Declining oil prices and a global recession have raised fears about the sustainability of Russia’s economic model. Photo: AFP A woman takes a selfie in front of the Kremlin and St Basil’s Cathedral at sunset in Moscow on April 19, 2019. Declining oil prices and a global recession have raised fears about the sustainability of Russia’s economic model. Photo: AFP
A woman takes a selfie in front of the Kremlin and St Basil’s Cathedral at sunset in Moscow on April 19, 2019. Declining oil prices and a global recession have raised fears about the sustainability of Russia’s economic model. Photo: AFP
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