Alexandra Prokopenko
Coverage of Alexandra Prokopenko in the Nexus archive.
- Russia’s fiscal discipline erodes
Russia's fiscal discipline is eroding as the government passed legislation to borrow more money, with the Ukraine war driving unsustainable defense spending and a 2.6% GDP federal deficit. Ukrainian attacks on energy and export infrastructure, including a drone strike in Crimea, are further straining the economy.
- The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls
A former Russian central bank advisor claims Putin's regime is declining due to unsustainable war spending, fiscal rule violations, and economic strain from the Ukraine conflict. Russia's budget deficit has doubled 2025's projected level, while its sovereign wealth fund dwindles, and Ukraine's military advances worsen domestic fuel shortages and public anger.
- Alexandra Prokopenko, economist: 'In Russia, the elites feel the state's powerlessness to protect them. That undermines the very foundations of the social contract'
Alexandra Prokopenko, an economist, argues that in Russia, elites perceive the state's powerlessness to protect them, undermining the social contract. The article is based in Moscow as of May 21, 2026.