Article thumbnail

Russian Economic and Integration Prospects

By Peter Havlik


This paper provides an overview of Russian economic developments during the period 2000-2007 and analyses key patterns and drivers of the recent economic growth. The growth sustainanbility is addressed as well, in particular with respect to the role played by energy prices and the growing involvement of the state in the economy, including attempts to implement tools of industrial policy and the public-private project financing schemes. Next, the resurgence of Russia as a regional power in the Commonwealth of Independent States (CIS) and the complicated relations with the European Union (EU) after recent EU enlargements with countries from Central and Eastern Europe are addressed. The paper discusses also prospects for and challenges of the future Russian integration in the European economy and outlines alternative scenarios for a medium-term economic outlook. Finally, the likely policies of the new Russian President Dmitry Medvedev are briefly discussed as well.Russia, economic growth, energy, European integration, economic forecast

OAI identifier:

Suggested articles


  1. (2008). A five-point strategy for EU-Russian relations”. In:
  2. (2006). A Policy for Industrial Champions: from picking winners to fostering excellence and the growth of firms”.
  3. (2005). Esa Print Oy
  4. (2006). Foreign Direct Investment and Economic Transition: Panacea or Pain Killer?”,
  5. (2007). Foreign trade restructuring in Belarus and Ukraine: a comparison”. wiiw Monthly Report,
  6. (2008). Forget politics; What Russia and the EU need is a shared economic space”. In:
  7. (2007). Integration and Desintegration on the Post-Soviet Area” (in Russian). In: Mir Peremen,
  8. (2007). Outward FDI of Russian enterprises: lessons and policy recommendations”.
  9. (2007). Restructuring and Economic Reforms in Russia: A plea for effective Industrial Policy”.
  10. (2003). Russia and the European Union”.
  11. (2004). Russia, European Union and EU Eastward Enlargement“.
  12. (2007). Russia, realism and EU unity”. Policy Brief, Centre for European Reform,
  13. (2008). Russia’s energy weapon is a fiction”. In:
  14. (2005). Russia’s European economic integration. Escapism and realities,
  15. (2007). Russian direct investments in EU countries“ (in Russian).
  16. (2008). Scenarios of macroeconomic development in 2008”. (in
  17. (2005). The Enlarged European Union and Its Eastern Neighbourhood”.
  18. (2007). The Russian Oil Fund as a tool of stabilization and sterilization”.
  19. (2007). The wider neighbourhood is in not such good shape”.
  20. (1993). Trade Patterns After Integration Into the World Economy”. In:
  21. (2007). Ukraine, Belarus and Moldova: Economic Developments and Integration
  22. (2008). Weathering the Global Storm, yet Rising Costs and Labour Shortages May Dampen Domestic Growth“. wiiw Current Analyses and Forecasts,
  23. (2007). Whither Russia? A Review of Andrei Shleifer’s A Normal Country”.
  24. (2007). wiiw Database on Foreign Direct Investments in Central, East and Southeast Europe: Shift to the East”. wiiw,
  25. (2000). Without a Map. Political Tactics and Economic Reform in Russia,

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.