It has not evolved into a "normal" market economy, but rather into a peculiar form of crony-state capitalism. After seven decades of communism, the transition to a democratic market economy would not be easy. But I believe what we are confronting is partly the legacy of the flawed Washington Consensus that shaped Russia's transition. GDP in some transition countries is below its level at the beginning of the transition. Many in Russia believe that the US Treasury pushed Washington Consensus policies to weaken their country.

Source: Bangkok Post April 03, 2017 19:30 UTC