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Articles by Sergey Guriyev

opinion Sergey Guriyev

Why the Kremlin Fears Navalny

The fewer the people who support the government, the safer the opposition will be.
opinion Sergey Guriyev

The Future of Putin’s Information Autocracy

The Kremlin will be forced to dedicate a growing share of resources to silencing the informed.
opinion Sergey Guriyev

20 Years of Vladimir Putin: The Transformation of the Economy

EBRD Chief Economist Sergey Guriev on the two decade achievements and challenges of Putin's economy.
opinion Sergey Guriyev

Russia’s Military Spending Is Out of Control

On May 9, Russia held its largest military parade since the Soviet era. In the tradition of that era, Red Square was filled with the army's latest...
opinion Sergey Guriyev

State Firm Bailouts Are Killing Russia’s Ruble

In recent weeks, the fall in the Russian ruble and Russian stock markets closely tracked the declines in global oil prices.
opinion Sergey Guriyev

Sanctions Hurt Putin's Hold on Power

Though oil prices remain high, Russia’s budget and financial system face severe problems over the next two to three years.
opinion Sergey Guriyev

How Putin Spooks Investors

Regardless of whether the Kremlin is irrational or not, it is sending a clear signal to investors: Its political leaders are impossible to predict...
opinion Sergey Guriyev

The Return of Stagnation

A big piece of a shrinking pie is preferable to no piece of a growing one, which is what elites would receive in a fair legal system.
opinion Sergey Guriyev

The Battle for Moscow

What happens in Moscow during the mayoral vote on Sunday will have profound implications for the country's future.
opinion Sergey Guriyev

What Should Be Taught in Business School

Business schools should do more to help students become better leaders by increasing their emotional intelligence.
opinion Sergey Guriyev

Clock Is Ticking on Putin's Economic Pledges

Very little time remains for Putin to start improving Russia's investment climate.
opinion Sergey Guriyev

Rosneft Delivers a Blow to Market Economy

Private property and competition are necessary for productivity and investment. The Rosneft deal contradicts this postulate.
opinion Sergey Guriyev

Crunching the Numbers to Find Out if a Crisis Will Give Russia a Democracy

What do the coming years hold for Russia's political system? Recent cross-country studies suggest that economic growth alone will not miraculously transform...
opinion Sergey Guriyev

Privatization as a Crisis-Fighting Measure

While many discussions at the forum will focus on potential armageddons in Greece or Spain, the global slowdown is the one issue that matters most, and...
opinion Sergey Guriyev

Protesters Affirm the Modernization Theory

When Soviet President Mikhail Gorbachev stepped down 20 years ago, on Dec. 25, 1991, it ended the 70-year history of the Soviet Union and began Russia's...
opinion Sergey Guriyev

How the Middle Class Will Democratize Russia

Twenty years ago, Soviet President Mikhail Gorbachev resigned, the Soviet Union ended and Russia began an imperfect transition to democratic capitalism...
opinion Sergey Guriyev

Why Russia Is So Unhappy – In Its Own Way

The St. Petersburg International Economic Forum is taking place as the global economy is facing new challenges. These challenges are certainly less troublesome...
opinion Sergey Guriyev

Prisoners of the Red Army

During Soviet times, Feb. 23 was called the Day of the Soviet Army and Navy and celebrated the creation of the Red Army. (The holiday received its...