Can Putin's economic policies revive the Russian economy? - ProProfs Discuss
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Can Putin's economic policies revive the Russian economy?

Can Putin's economic policies revive the Russian economy?

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Asked by H.Donna, Last updated: Apr 17, 2024

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C. Reyes

C. Reyes

C. Reyes
C. Reyes

Answered May 15, 2018

Putin's leadership and economic policies have changed Russian economy from debt-ridden to bearable. There has been a substantial increase in salaries and improvement in the living standards of Russian people. Oil and gas export boosted Russian economy, By the year 2000, foreign investors returned back to Russia and its stock market increased by 91percent in 2001, a boost caused bt Oil money.

Putin's policies brought about transparency and strengthened the rule of law. Taxes and legal structures became friendlier and more companies started paying taxes and established themselves in Russia. This situation changed after the 2008 recession and the Russian economy took a significant hit to their stabilised economy. It didn't completely topple and has since steadily increased

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