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The Empire Strikes Back: Economic Statecraft and the Securitisation of Political Economy in Russia

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  • Richard Connolly

Abstract

This essay considers the impact of economic statecraft, used by both Western countries and Russia in the aftermath of Russia’s annexation of Crimea in March 2014, on political economy in Russia. The first part of the essay assesses the impact that economic statecraft had on the performance of the Russian economy in the period 2014–2015. The second half of the essay considers how economic statecraft has shaped the development of the system of political economy in Russia. It is argued that the available evidence indicates that economic statecraft has resulted in several unintended consequences, including the strengthening of elite cohesion, and a creeping ‘securitisation’ of economic policy in Russia.

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  • Richard Connolly, 2016. "The Empire Strikes Back: Economic Statecraft and the Securitisation of Political Economy in Russia," Europe-Asia Studies, Taylor & Francis Journals, vol. 68(4), pages 750-773, April.
    • Handle: RePEc:taf:ceasxx:v:68:y:2016:i:4:p:750-773
    DOI: 10.1080/09668136.2016.1156056
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    Cited by:

    1. Yoshisada Shida, 2019. "Russian Business under Economic Sanctions: Is There Regional Heterogeneity?," Discussion papers 1903e, ERINA - Economic Research Institute for Northeast Asia.
    2. Jakub Horak, 2021. "Sanctions as a Catalyst for Russia’s and China’s Balance of Trade: Business Opportunity," JRFM, MDPI, vol. 14(1), pages 1-26, January.
    3. Lutz Carol & Lutz James, 2017. "Russia and the Use of Trade Policy: Concentration with Soviet Successor States," Global Economy Journal, De Gruyter, vol. 17(4), pages 1-9, December.
    4. Shida, Yoshisada, 2019. "Russian Business under Economic Sanctions: Is There Regional Heterogeneity?," MPRA Paper 93817, University Library of Munich, Germany.
    5. Malle, Silvana, 2016. "Economic sovereignty. An agenda for Militant Russia," Russian Journal of Economics, Elsevier, vol. 2(2), pages 111-128.
    6. Francesco Giumelli, 2017. "The Redistributive Impact of Restrictive Measures on EU Members: Winners and Losers from Imposing Sanctions on Russia," Journal of Common Market Studies, Wiley Blackwell, vol. 55(5), pages 1062-1080, September.

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