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Oil in Putin’s Russia
Book

Oil in Putin’s Russia

The Contests over Rents and Economic Policy

Adnan Vatansever
University of Toronto Press, 2021

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Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical
  • For Experts

Recommendation

The oil sector has long dominated Russia’s economy, for better and for worse. In this study of President Vladimir Putin’s policies, scholar Adnan Vatansever delves into Russia’s oil sector through the prism of who owns the energy assets and how much the oil industry pays in taxes. Vatansever argues that Russia’s economy is more sophisticated than those of the petro-states in the Middle East and Africa, and he details how Putin imprisoned one oil executive and seized his assets, a display that caused the industry to fall in line. Though Vatansever’s plodding prose can be challenging at times, students of energy politics will find this a fascinating read.

Take-Aways

  • Oil has driven Russia’s economy during the Putin era.
  • Vladimir Putin tightened his grip on power early in his tenure.
  • The sharp drop in the number of bills vetoed illustrates the relationship between the Duma and the Russian president.

About the Author

Adnan Vatansever is a senior lecturer at King’s Russia Institute at King’s College in London.

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