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RUSSIA’S ECONOMY IN DECEMBER 2013: PRELIMINARY DATA AND MAJOR TRENDS

Kirill Rogov

Russian Economic Development, 2014, issue 1, 2-4

Abstract: A few words about the socio-political background that triggered some of the key economic events of December 2013. The most important political event of the month was the unexpected release from jail of former oil tycoon Michail Khodorkovsky who had spent 10 years and 2 months behind bars. As Khodor¬kovsky’s jail term had been expiring, Putin was facing a dilemma – either to give the go-ahead to the long-anticipated third Yukos case, or to let Khodorkovsky go free. With his decision to release Mikhail Khodor¬kovsky Putin intended to show that he was the boss of everything happening in Russia, to get political kudos (Khodorkovsky’s appeal for pardon) as well as Khodor¬kovsky’s promise not to engage in politics and not to try to regain Yukos assets.

Keywords: Russian; Economy (search for similar items in EconPapers)
JEL-codes: P16 (search for similar items in EconPapers)
Date: 2014
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