The full-scale war with Ukraine was entirely unnecessary for either Russian business or the Russian bureaucracy. It became possible due to a shift in the balance of power within the Russian elite that had already occurred in 2012–2014. However, over the next ten years, this shift did not lead to fundamental changes in the hybrid political-economic model that had taken shape in Russia during the 2000s. Former Vice-Rector of the Higher School of Economics and Director of the Institute for Ind...
