Richard A. Werner and Vladimir I. Yakunin — Are Sanctions Saving Russia?

Are sanctions saving Russia [from Dutch disease]. In a word, yes. As Putin said, it was a gift. There will be a somewhat difficult transition period, but Russia would not have undertaken it otherwise. And it is necessary to take Russia to the next level of development not merely as a great power militarily but also as a major economic player globally.

Project Syndicate
Are Sanctions Saving Russia?

Richard A. Werner is Chair in International Banking at the University of Southampton and author of New Paradigm in Macroeconomics, and Vladimir I. Yakunin is Chair in State Policy at Lomonosov Moscow State University, Founding President of the World Public Forum, and former Chairman of Russian Railways

See also

The Telegraph
Russia abandons hope of oil price recovery and turns to the plough
Ambrose Evans-Pritchard