A Year of War: Business Strategies as a Factor of Russia’s Economic Resilience in 2022

Talk by Andrei Yakovlev (Harvard University) as part of the Research Seminar Series of the IOS Economics Department.

In his talk Andrei Yakovlev will consider the reasons for the relatively high resilience of the Russian economy in 2022. The basic factors are identified in the behavior of firms that have mitigated the consequences of the destruction of economic ties with developed countries. The speaker will especially pay attention to the hard experiences of last 15 years for Russian business and the fact that companies have developed a 'hard times preparedness'; the market behavior of most companies (including state-owned companies); the communication channels between business and government and the mechanisms of state support; personal perception of the sanctions and the pressure on Russia as a "professional challenge". At the same time, the lack of access to technology for companies and the decline in demand will block opportunities for economic development.