Russia Has Long Had A Sluggish Economy
"As the world's largest country by land area, Russia has long had a sluggish economy. Some economists analyze many reasons for this phenomenon. In the 1990s, shock therapy led to an economic recession. The first decade of this century was mired in the energy curse, with a single economic structure built on oil and gas exports. In the second decade, the decline in international energy prices and fiscal revenue, combined with the annexation of Crimea and Western sanctions, made the Russian economy even worse. This kind of historical observation and analysis is well in place. But it must be pointed out that the root cause of Russia's predicament is internal.