Page 3 - RusRPTJun24

Table of contents
1.0 Executive summary 2.0 Politics
2.1 “Guns and butter” are both important, Putin tells military commanders
2.2 Russia switches to progressive income tax in first major change to tax code in over two decades
2.3 Putin visits China; US sanctions also make trade between China and Russia more difficult
2.4 Russia’s economic successes may encourage the Kremlin to prolong the war in Ukraine 2.5 Gazprom makes first loss in 25 years
2.6 Russia’s car sector makes almost full recovery from sanctions shock
2.7 US bank sanctions cut into Russia’s trade
2.8 EU seizes CBR frozen assets profits
2.9 EU turning a blind eye to Russian LNG transhipments
2.10 Ukrainian drone strikes on Russian oil refineries are working
2.11 Putin warns of war in Victory Day speech
2.12 Putin’s ‘May decree’ sets ambitious development targets
2.13 Russian elites becoming more hawkish
2.14 Pressing problems for Putin and Xi
2.15 Russian government reshuffle
2.16 Five new regional governors appointed in reshuffle
2.17 Ten reasons why Putin might want a peace deal
2.18 Arrests, appointments, and announcements around the Defense Ministry 2.18 Russian business and consumer confidence
2.19 Putin & government’s popularity
2.20 Politics - misc
● International Politics ● Sanctions
● CBR money
● Domestic Politics
● War
● Weapons 2.11 Polls & Sociology
3.0 Macro Economy
3.1 Macroeconomic overview 3.2 Macro outlook
4.0 Real Economy
4.1 Industrial production 4.2 Inflation
3 RUSSIA Country Report June 2024
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