Audio: The Reality of Russia’s Economy Revealed

Sergei Guriev, Rector at the New Economic School in Moscow along with Aleh Tsyvinsky, professor of economics at Yale University, and Andrew Kuchins of CSIS discuss the impact of the financial crisis on Russia and how Russians reacted to it.  Russia’s macroeconomic policy tools used to avert the financial crisis in 2008 and the total collapse of the economy in 2009 are compared to the tools used in the US-model. Guriev and Tsyvinsky gave possible outcomes for 2010 based on the recent decisions of the Russian Government.