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This panel discussion will examine the findings and conclusions of the Short Report, “The Russian Wartime Economy: From Sugar High to Hangover,” produced by the CSIS Europe, Russia, and Eurasia Program as part of this grant. The discussion will center on the ways the Russian economy has developed since the launch of Russia’s full-scale invasion of Ukraine in 2022, and the resulting Western sanctions regime. Topics will include Russia’s reliance on military Keynesianism to stimulate domestic demand, and potential weak points in the country’s wartime economic model.
Max BergmannDirector, Europe, Russia, and Eurasia Program and Stuart Center
CSIS
Max Bergmann is the director of the Europe, Russia, and Eurasia Program and the Stuart Center in Euro-Atlantic and Northern European Studies at the Center for Strategic and International Studies (CSIS). Prior to joining CSIS he was a senior fellow at the Center for American Progress, where he focused on Europe, Russia, and U.S. security cooperation. From 2011 to 2017, he served in the U.S. Department of State in a number of different positions, including as a member of the secretary of state’s policy planning staff, where he focused on political-military affairs and nonproliferation; special assistant to the undersecretary for arms control and international security; speechwriter to then secretary of state John Kerry; and senior adviser to the assistant secretary of state for political-military affairs. Before serving in the State Department, Bergmann worked at the Center for American Progress as a military and nonproliferation policy analyst and at the National Security Network as the deputy policy director. Bergmann holds a master’s degree in comparative politics from the London School of Economics and Political Science and a bachelor’s degree in political science from Bates College. His recent commentary has been published in outlets such as Politico (March 2022, August 2022), the Washington Post, Foreign Affairs, and Sasakawa USA.
Maria SnegovayaSenior Fellow, Europe, Russia, and Eurasia Program
Maria Snegovaya is a senior fellow for Russia and Eurasia with the Europe, Russia, and Eurasia Program at the Center for Strategic and International Studies (CSIS) and a postdoctoral fellow in Georgetown University's Walsh School of Foreign Service. She studies Russia’s domestic and foreign policy, as well as democratic backsliding in post-communist Europe and the tactics used by Russian actors and proxies who exploit these dynamics in the region. Her analysis has been published in multiple policy and peer-reviewed journals. Her research and commentary have appeared in a number of publications such as the New York Times, the Wall Street Journal, Bloomberg, The Economist, and Foreign Policy. Throughout her career she has collaborated with multiple U.S. research centers and think tanks such as Center for a New American Security and Center for European Policy Analysis. Snegovaya holds a PhD in political science from Columbia University.
Sergey AleksashenkoExpert
Center for Analysis and Strategies in Europe
Sergey Aleksashenko is an expert at the Center for Analysis and Strategies in Europe. Previously, he was a nonresident senior fellow in Global Economy and Development at the Brookings Institution. A former deputy chairman of the Central Bank of Russia and former chairman of Merrill Lynch Russia, he focuses on the transition process in CIS and Eastern Europe, monetary policy, and international financial infrastructure. Aleksashenko authored the book “Putin’s Counterrevolution” which explores Putin’s autocracy and how it undercut Russia’s economy and chances for democracy. He also writes a regular newsletter, “Behind the Iron Curtain,” in which he analyses Russia’s internal political developments and how they affect the world. Aleksashenko serves on the Board of the Free Russia Foundation and is a member of the Anti-War Committee of Russia.
Elina RibakovaNonresident Senior Fellow
Peterson Institute for International Economics
Elina Ribakova has been a nonresident senior fellow at the Peterson Institute for International Economics since April 2023. She is also a nonresident fellow at Bruegel and a director of the International Affairs Program and vice president for foreign policy at the Kyiv School of Economics. Her research focuses on global markets, economic statecraft, and economic sovereignty. She has been a senior adjunct fellow at the Center for a New American Security (2020–23) and a research fellow at the London School of Economics (2015–17). Ribakova has over 25 years of experience with financial markets and research. She has held several senior level roles, including deputy chief economist at the Institute of International Finance in Washington, managing director and head of Europe, Middle East and Africa (EMEA) Research at Deutsche Bank in London, leadership positions at Amundi (Pioneer) Asset Management, and director and chief economist for Russia and the Commonwealth for Independent States (CIS) at Citigroup. Prior to that, Ribakova was an economist at the International Monetary Fund in Washington (1999–2008) working on financial stability, macroeconomic policy design for commodity-exporting countries, and fiscal policy. Ribakova is a seasoned public speaker. She has participated in and led multiple panels with leading academics, policymakers, and C-level executives. She frequently collaborates with CNN, BBC, Bloomberg, CNBC, and NPR. She is often quoted by and contributes op-eds to several global media, including the New York Times, Wall Street Journal, Financial Times, Washington Post, The Guardian, Le Monde, El Pais, and several other media outlets. Ribakova holds a master of science degree in economics from the University of Warwick (1999), where she was awarded the Shiv Nath prize for outstanding academic performance, and a master of science degree in data science from the University of Virginia (May 2023).
Alexandra ProkopenkoFellow
Carnegie Russia Eurasia Center
Alexandra Prokopenko is a fellow at the Carnegie Russia Eurasia Center. In her research, she focuses on Russian government policymaking on economic and financial issues. From 2017 until early 2022 Alexandra worked at the Central Bank of Russia and at the Higher School of Economics (HSE) in Moscow. She is a former columnist for Vedomosti. She is a graduate of Moscow State University and holds an MA in Sociology from the University of Manchester. She was a visiting fellow at the Center for Order and Governance in Eastern Europe, Russia, and Central Asia at the German Council on Foreign Relations (DGAP).
Janis KlugeDeputy Head of the Eastern Europe and Eurasia Division
German Institute for International and Security Affairs
Janis Kluge is the Deputy Head of the Eastern Europe and Eurasia Division at the German Institute for International and Security Affairs (SWP) in Berlin. Kluge’s research centers on economic development and trade in Eastern Europe and Eurasia, with a particular focus on the Russian state budget, sanctions, and Russian domestic politics. In 2017, Kluge received his doctorate in economics at Witten/Herdecke University. Additionally, in 2016 he was a doctoral fellow at the Centre for East European and International Studies (ZOiS).
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