Oil in Putin’s Russia: The Contests over Rents and Economic Policy

By Adnan Vatansever

© 2021

No sector has been as vital as oil to the Russian economy since Vladimir Putin came to power. The longest serving leader since Stalin, Putin has presided during a period of relative economic prosperity driven largely by booming oil windfalls. Oil in Putin’s Russia offers an in-depth examination of the contests over windfalls drawn from the oil sector. Examining how the Russian leadership has guided the process of distributing these windfalls, Adnan Vatansever explores the causes behind key policy continuities and policy reversals during Putin’s tenure.

The product of over ten years of research, including interviews with decision-makers and oil industry officials, Oil in Putin’s Russia takes an innovative approach to understanding the contested nature of resource rents and the policy processes that determine how they are allocated. In so doing, it offers a comprehensive and timely account of politics and policy in contemporary Russia, and a significant contribution to research on the political economy of resource rents in mineral resource-rich countries.

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Product Details

  • World Rights
  • Page Count: 368 pages
  • Illustrations: 3
  • Dimensions: 6.0in x 1.0in x 9.0in
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SKU# SP005290

  • AVAILABLE MAR 2021
    From: $44.95
    ISBN 9781487522810
  • AVAILABLE APR 2021
    From: $95.00
    ISBN 9781487503697
  • AVAILABLE MAY 2021
    From: $44.95

Quick Overview

Providing an in-depth review of Russia’s key economic policies, this book is the first systematic study of the political economy of oil windfalls in Putin’s Russia.

Oil in Putin’s Russia: The Contests over Rents and Economic Policy

By Adnan Vatansever

© 2021

No sector has been as vital as oil to the Russian economy since Vladimir Putin came to power. The longest serving leader since Stalin, Putin has presided during a period of relative economic prosperity driven largely by booming oil windfalls. Oil in Putin’s Russia offers an in-depth examination of the contests over windfalls drawn from the oil sector. Examining how the Russian leadership has guided the process of distributing these windfalls, Adnan Vatansever explores the causes behind key policy continuities and policy reversals during Putin’s tenure.

The product of over ten years of research, including interviews with decision-makers and oil industry officials, Oil in Putin’s Russia takes an innovative approach to understanding the contested nature of resource rents and the policy processes that determine how they are allocated. In so doing, it offers a comprehensive and timely account of politics and policy in contemporary Russia, and a significant contribution to research on the political economy of resource rents in mineral resource-rich countries.

Continue Reading Read Less

Product Details

  • World Rights
  • Page Count: 368 pages
  • Illustrations: 3
  • Dimensions: 6.0in x 1.0in x 9.0in
  • Author Information

    Adnan Vatansever is a senior lecturer in the School of Politics and Economics at King’s College, London.
  • Table of contents

    Introduction
    Understanding Policy-Making in Resource-Rich Countries
    The Upsurge in Executive Power under President Putin
    Russia’s Historic Oil Windfalls and the Contest over Who Will Generate the Rents
    Collecting the Rents—the Contest Between the State and the Oil Industry on Dividing the Windfalls
    The State as a Redistributor of Oil Rents—the Contest over Russia’s Budget and Economic Priorities
    The State as a Redistributor of Oil Rents—The Battle to Save the Windfalls
    The Oil Sector as a Redistributor of Rents
    Conclusions
    Bibliography

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