In partnership with the Center of Eastern Studies (OSW) in Warsaw, the German Marshall Fund of the United States (GMF) Warsaw office organized a small round table discussion on Russia’s economic and financial situation in the premises of OSW.
On Friday, June 17, Chris Miller, a Transatlantic Academy fellow, opened the round table discussion with a presentation highlighting current domestic and international issues impacting Russia’s economic and financial policy. He touched upon the areas of the rouble devaluation, debt of the corporate sector and banks, and Russia’s decreasing GDP among other things. Maria Domańska, Senior Fellow at OSW, then offered a perspective concentrating on the Russian society, especially the elite, and their potential role regarding a re-formulation and orientation of the government’s stand on economy.
Senior representatives from the think tank community in Poland subsequently began discussing possible short-term scenarios, which mainly focus on the time until the elections in 2018, and long-term possibilities aiming at establishing safety without changing the whole system, with quickly agreeing on the difficulty of defining prognoses for an economy entirely depending on oil.