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Instead of rising to the top tier of world economic power, Russia has achieved stagnation at best (Photo: kremlin.ru)

Russia's biggest enemy? Its own economy

The Kremlin reacted with irritation to president Joe Biden's recent description of Russia as "an economy that has nuclear weapons and oil wells and nothing else", but the comment revealed a lot about changing US policy and the recent decision to lift opposition to the Nord Stream 2 gas pipeline in particular.

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

David Clark was special adviser on Europe at the UK Foreign Office (1997-2001) and now works as an independent analyst specialising in foreign policy and European affairs.

Instead of rising to the top tier of world economic power, Russia has achieved stagnation at best (Photo: kremlin.ru)

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Author Bio

David Clark was special adviser on Europe at the UK Foreign Office (1997-2001) and now works as an independent analyst specialising in foreign policy and European affairs.

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