Russian central bank Archives - Marketplace

Could Russia return to a Soviet-era command economy as Western sanctions tighten?

by Kai Ryssdal and Sean McHenry

Mar 9, 2022

Russia has been transitioning to a market economy. But its war on Ukraine and the sanctions that have followed could turn back the clock.

Red Square in Moscow. "A lot of private businesses are essentially being squeezed off from any financing," said Chris Miller at the Fletcher School at Tufts University. "And what's going to remain is largely the state-owned part of the economy."

AFP via Getty Images

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