The Rentier Regime in Russia and its Evolution After the War in Ukraine

Le régime rentier en Russie et son évolution après la guerre en Ukraine

Adrien Faudot and Sylvain Rossiaud ()
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Sylvain Rossiaud: GAEL - Laboratoire d'Economie Appliquée de Grenoble - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes

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Abstract: Following the outbreak of the war in Ukraine, the declared objective of the European Union is to ensure an energy disconnection with Russia. As a result, new energy interdependencies are emerging. In this respect, one of the main ruptures could be a fragmentation of international energy relations. In the current context of radical uncertainty, this article questions the nature and scope of this structural change, as well as its potential implications for the rentier accumulation regime in Russia. We mobilize the institutional and historical approach of the theory of regulation to achieve this objective. Therefore, the article provides an overview of the Russian oil industry's international integration, and the institutionalization of the rentier mode of regulation in this country. The analysis of the evolutions observed following the first Ukrainian crisis of 2014 makes it possible to highlight the adaptive mechanisms integrated into the mode of regulation of the oil industry and, more generally, of Russia's rentier accumulation regime.

Keywords: Régime rentier; Intégration internationale; Industrie pétrolière; Théorie de la régulation; Ukraine; Russie (search for similar items in EconPapers)
Date: 2022
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Published in Revue d'économie financière, 2022, 2022/3 (147), pp.33-47. ⟨10.3917/ecofi.147.0033⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03906913

DOI: 10.3917/ecofi.147.0033

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