JRL NEWSWATCH: “Banking on Politics: How Russia’s Banking Sector Clean-Up Affects Regime Stability” – PONARS Eurasia/ David Szakonyi

“Banking has increasingly become nationalized in Russia, raising concerns that all private banks may be forced from the market within 10 or 15 years. In the short run, this consolidation enables the government to continue funding its numerous and expensive commitments and thereby maintain social and political stability. David Szakonyi discusses the political consequences of this creeping nationalization of the […]
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