<p>When Vladimir Putin first took power in 1999 he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since he has reestablished Russia as a great power. How did he do it? What principles have guided Putin’s economic policies? What patterns can be discerned? In this new analysis of Putin’s Russia Chris Miller examines its economic policy and the tools Russia’s elite have used to achieve its goals. Miller argues that despite Russia’s corruption cronyism and overdependence on oil as an economic driver Putin’s economic strategy has been surprisingly successful.</p><p>Explaining the economic policies that underwrote Putin’s two-decades-long rule Miller shows how at every juncture Putinomics has served Putin’s needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices Putin has never been more relevant on the world stage.</p>