ECFR Report: Dearling with a Post-BRIC Russia

European Council on Foreign Relations

The economic crisis has exposed a governance crisis inside Russia: even Putin now admits that as much as 80% of Kremlin orders have been ignored in the regions. Instead of modernising, Russia in 2010 was as corrupt as Papua New Guinea, had the property rights of Kenya and was as competitive as Sri Lanka.

The crisis has also prompted a foreign policy rethink inside Russia: post-BRIC Russia has lost much of its pre-crisis self-confidence, streamlined its ambitions in the post-Soviet space, feels nervous of China and has “reset” relations with the US.

The EU lacks a strategy for this new Russia: Europeans have gone from thinking of Russia as a “big Poland”, that it can encourage towards liberal democracy, to a “small China”, which it can do business with but little else. The EU needs to develop a coherent strategy for this “post-BRIC Russia” to avoid seeing the current euro-crisis spill-over into foreign policy disintegration.
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