From Oligarchs to Oligarchy: the failure of U.S. sanctions on Russia and its implications for theories of informal politics/ David Siegel
Material type: TextPublication details: 2022Subject(s): Online resources: In: World Affairs Vol 185 No 2, Summer 2022, pp.249-284 (55)Summary: Drawing heavily on theories about Russia's informal politics, American sanctions were designed to change Russian foreign policy by exploiting political conflict among oligarchs and the state elite; however, after nearly eight years of sanctions, Russian elites seem more united than ever. I propose that Russia's oligarchs-the ruthless self-interested economic elite in Russia's informal political system-might sometimes act as a cohesive oligarchy, particularly when their wealth is threatened from external rather than domestic sources, as has been the case under Western sanctions. Through an in-depth case study on the design and outcome of sanctions, this article seeks to develop a more dynamic theory of Russia's informal politics and explain the apparent cohesion among state and economic elites since 2014 as the result of a politics of wealth defense induced by Western sanctions.Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
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Journal Article | Mindef Library & Info Centre Journals | POLITICS (Browse shelf(Opens below)) | 1 | Not for loan | 67719.1001 |
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Drawing heavily on theories about Russia's informal politics, American sanctions were designed to change Russian foreign policy by exploiting political conflict among oligarchs and the state elite; however, after nearly eight years of sanctions, Russian elites seem more united than ever. I propose that Russia's oligarchs-the ruthless self-interested economic elite in Russia's informal political system-might sometimes act as a cohesive oligarchy, particularly when their wealth is threatened from external rather than domestic sources, as has been the case under Western sanctions. Through an in-depth case study on the design and outcome of sanctions, this article seeks to develop a more dynamic theory of Russia's informal politics and explain the apparent cohesion among state and economic elites since 2014 as the result of a politics of wealth defense induced by Western sanctions.
RUSSIA, POLICY, POLITICS, USA
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