The second book from The Russia Balance Sheet Project, a collaboration of two of the world's preeminent research institutions examines Russia after the financial crisis of 2007-2009. In the aftermath of the crisis, what is Russia's current economic status and role in the world order? Furthermore, how have recent allegations of corruption within the political system affected domestic politics as well as the world's perception of Russia? To answer these questions, this book not only assesses Russia's international and domestic policy challenges, but also provides an all-encompassing review of this important country's foreign and domestic issues. The authors consider foreign policy, Russia and it neighbors, climate change, Russia's role in the world, domestic politics, and corruption. As Russia grapples with the realities of the post-crisis world, this lucid volume looks at one of the key countries in the world today and offers the keen insights of some of today's foremost experts.

Russia has been on a wild roller-coaster ride for the past three decades with no end in sight. Just in the past year as the global financial crisis deepened, the conventional perception of Russia has changed from a "safe haven" from the economic tsunami to one of the hardest hit larger markets in the world. The Russia Balance Sheet provides comprehensive, balanced, and accurate information on all key aspects of Russia's developments and their implications for the United States and other nations. The book argues that, after the strained Bush-Putin years, the Obama administration must seize the initiative to define both its policy toward Russia and the agenda for the many multilateral meetings already planned.The book offers policy prescriptions for both the United States and Russia. It is imperative that the Obama administration establish an explicit Russia policy rather than subordinating it to other issues in order to enable the administration to make necessary tradeoffs and follow up on promises. An interagency group for Russia has been created under the leadership of the National Security Council's senior director for Russia; this group should determine the Russia policy and issue an NSC directive. As a new Russia policy is crafted and an NSC directive on Russia adopted, President Obama should make a public statement on his Russia policy. Ideally, President Obama would declare his determination to finally persuade the US Congress to graduate Russia from the Jackson-Vanik Amendment to the Trade Act of 1974. As for Russia, it should accede to the World Trade Organization (WTO) to secure its successful international integration and an improvement of its legal standards. The Kremlin needs to introduce transparent procurement procedures for major investments to relieve infrastructure bottlenecks. Property rights must be reinforced and renationalization stopped to ease the problems in banking and energy production. Finally, with the first full-scale summit between Presidents Obama and Medvedev to take place in Italy in July 2009, the authors argue that the two presidents should recommit to fulfilling the April 2008 Sochi Declaration and to reestablishing a broader organized cooperation mechanism between the two countries, like that of the Gore-Chernomyrdin Commission, to promote action and accountability.

What if the major global and regional powers of todayOs world came into closer alignment to build a stronger international community and shared approaches to twenty-first century threats and challenges? The Stanley Foundation posed that question to thirty-three top foreign policy analysts in Powers and Principles: International Leadership in a Shrinking World. Contributing writers were asked to describe the paths that nine powerful nations, a regional union of twenty-seven states, and a multinational corporation could take as constructive stakeholders in a strengthened rules-based international order. Each chapter is an assessment of what is politically possible (and impossible)_with a description of the associated pressures and reference to the countryOs geostrategic position, economy, society, history, and political system and culture. To provide a perspective from the inside and counterweight, each essay is accompanied by a critical reaction by a prominent analyst commentator from the given country. Powers and Principles is aimed at both reflective practitioners of policy and policy-relevant scholars.