Inside Russia’s shrinking middle class

Shoppers in Moscow, Russia.

Inside Russia’s shrinking middle class


Paying for Putin's military adventures, the Russian middle class is increasingly struggling to make ends meet, or even to survive socially and economically.

Putin made the choice to pursue the path of state capitalism, thereby abandoning global integration, economic efficiency, innovation and competitiveness as realistic goals.

He may believe this strategy is necessary for his political survival, but it is not a plan for sustained economic growth. Indeed, the ranks of the Russian middle cl...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now