‘The silence of the lambs’. Russian big business in wartime
‘The silence of the lambs’. Russian big business in wartime

Author(s): Iwona Wiśniewska
Subject(s): National Economy, Business Economy / Management, Economic policy, Government/Political systems, International relations/trade, Military policy, Peace and Conflict Studies, Russian Aggression against Ukraine
Published by: OSW Ośrodek Studiów Wschodnich im. Marka Karpia
Keywords: Russia; Russian businesses; War in Ukraine; multi-billion-dollar losses; Vladimir Putin;
Summary/Abstract: Russia’s invasion of Ukraine and the sanctions that followed it have brought multi-billion losses to Russian big business. The magnitude of blows dealt to its main representatives has resulted in a shift in the business model they have applied thus far. Despite these losses, most Russian billionaires, just like Russian society, have tacitly come to terms with Moscow’s aggressive policy. Even those who reside abroad have not ventured to criticise the Kremlin, and instead have focused on adjusting their businesses to the new economic reality. Silence has been their main defensive strategy, enabling them to avoid being targeted by the Russian authorities.

• Details
• Contents