Past event

Invitation Only

The Social and Political Aspects of Russia's Economic Crisis

Chatham House, London

Russia and Eurasia Programme


Evgeny Gontmakher, Institute of Contemporary Development


Russia, along with the rest of the world, has been hit hard by the global financial crisis. Falling oil and commodity prices have exposed structural weaknesses in the Russian economy, and there have been sharp increases in unemployment, particularly in mono-industrial towns. Professor Gontmakher, one of Russia's leading economic and political commentators, will examine the implications of the crisis for the political establishment and the likely social repercussions of higher unemployment, a sharp fall in budgetary receipts, and a squeeze on public spending.

Professor Evgeny Gontmakher is a Management Board Member of the Institute of Contemporary Development, a Moscow think-tank launched in March 2008 that is chaired by President Medvedev. He is also Head of the Social Policy Center, Institute of Economics, at the Russian Academy of Sciences. He has served in various positions including Deputy Minister for Social Protection (1993-1994), Head of the Social Development Department of the Cabinet Apparatus (1998-2003), and Vice President of the Russian Union of Industrialists and Entrepreneurs (2003-2004).

Attendance at this event is strictly by invitation only.