Past event

Invitation Only

The Russian Economy to 2020

Chatham House, London

Russia and Eurasia Programme


Speaker: Professor Philip Hanson, Associate Fellow, Russia and Eurasia Programme, Chatham House
Discussant: Alessandro Pansa, Finmeccanica


Professor Philip Hanson will present the findings of his research into the drivers of the expansion of the Russian economy up to 2008, the impact of the global economic crisis, and scenarios for Russia's future economic development to 2020.

The project considers contrasting pathways for global economic recovery, the impact this would have on Russia's internal political and economic development, and provides projections for resulting economic growth, productivity and investment. To what extent is Russia's economic crisis a 'western disease', as the government originally claimed? Has the slump in commodity prices exposed underlying structural weaknesses in Russia's economy, and is there the political capacity to address these issues? Must Russia wait for a global recovery (and high oil prices), for a return to growth, or could internal reform create new opportunities for development and investment?

Mr Alessandro Pansa of Finmeccanica will provide a response to Professor Hanson's research.

Philip Hanson is an Associate Fellow in the Chatham House Russia and Eurasia Programme and Emeritus Professor of the Political Economy of Russia and Eastern Europe, the University of Birmingham, UK. He has also worked in the UK Treasury, Foreign and Commonwealth Office, the UN Economic Commission for Europe, and Radio Liberty.

Alessandro Pansa is since July 2001 Chief Financial Officer and since October 2004 Co-General Manager of Finmeccanica, one of the largest Italian industrial groups, in charge of Finance, Planning and Control, Administration, Tax Planning, Investor Relations and M&A and Corporate Development.