• In 2020 the Russian economy on the whole performed better than expected. But the middle class was badly hit by covid-19 and the most vital reforms, long overdue, again failed to materialize. Economic editor Ivan Tkachev of newsagency RBK analyses the bleak prospects for recovery in 2021. According to the government Russians’ real disposable income this year will drop by 3%, whereas independent economists predict a decline of 4–5%.
    by Ivan Tkachev