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For many, Russia's political influence far exceeds its weight in the global economy. Richard Connolly demonstrates that in fact Russia's economy affords it global power, and explores how its socialist past has shaped its economic system into a unique blend of state and market.
This is the first assessment of how Western sanctions have affected targeted sectors of the Russian economy and how Russian policymakers have responded. Connolly argues that a new political economy is emerging in Russia and Russia's integration with the global economy has been fundamentally reshaped by their response to sanctions.
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