Read a summary of this teleconference.

The second installment of the Pacific Council's BRICS Summer Teleconference Series, exploring Russia's current economic situation and future prospects.

After Russia annexed Crimea in 2014, the West imposed sanctions on Putin's government. Then oil prices dropped, sending the Russian economy spiralling into a recession in 2015, with the value of the ruble falling about 127 percent and gross domestic product shrinking 3.7 percent. The International Monetary Fund anticipates a 1.8 percent decline this year.

Where does the Russian economy stand today? Will it reverse course and grow, or will it continue to decline? What impact will that have on the region, the BRICS, and the world?

Featuring:

Dr. Sergey Aleksashenko, Nonresident Senior Fellow, Global Economy and Development, The Brookings Institution

Sergey Aleksashenko is a Nonresident Senior Fellow in Global Economy and Development at the Brookings Insitution. He formerly served as Deputy Chairman of the Central Bank of Russia and as Chairman of Merrill Lynch Russia. Read more.

Ms. Jennifer M. Harris, Senior Fellow, Council on Foreign Relations

Jennifer M. Harris is a Senior Fellow at the Council on Foreign Relations. Prior to joining the Council, Harris was a member of the policy planning staff at the U.S. Department of State, responsible for global markets, geoeconomic issues, and energy security. Read more.

Moderator:

Dr. Agnia Grigas, Nonresident Senior Fellow, Atlantic Council

Dr. Agnia Grigas is a nonresident senior fellow with the Atlantic Council's Dinu Patriciu Eurasia Center and a member of the Pacific Council. She speaks and publishes on energy; security; and foreign policy regarding Europe, the post-Soviet space, Russia, and the Baltic states. Read more.