Russia is currently undergoing a significant transformation as it shifts its economy and civil service towards a wartime footing. President Vladimir Putin, who was re-elected for a fifth term on March 17th, is increasingly relying on a new generation of loyal elites, leaving behind the old “system liberals” who are often the most competent individuals in the country. This shift in leadership is not only about political longevity but also about the professional management of the economy and finance in Russia.
Over the years, Putin has cultivated a group of loyal elites who prioritize loyalty to the Kremlin over professionalism. This new generation of elites, often Western-educated, sees their careers as more successful in authoritarian Russia than in the democratic West. Additionally, individuals with backgrounds in security services, police, and the military have also risen in prominence in Putin’s leadership circle. The pressure on the “old” elites has increased significantly in recent years, with dissent seen as a form of betrayal.
In recent times, Putin has implemented policies to ensure the loyalty of the elites, such as nationalizing assets held by foreigners and dual citizenship holders, promoting veterans of military operations into public service positions and prohibiting Russian companies from doing business with foreign sanctioned countries or individuals. These trends indicate a shift towards a more authoritarian and militarized elite in Russia.
The purge of the old competent guard in economic and financial sectors is further exacerbating internal conflicts within Russian bureaucracy. The current trajectory suggests that there will be radical restructuring of governance power dynamics with potential implications for internal stability and economic performance.
Putin’s reliance on loyal elites leaves many experts concerned about Russia’s future direction. Some worry that this trend could lead to an even more authoritarian regime while others argue that it could help stabilize Russia amidst ongoing tensions with neighboring countries.
Despite these concerns, some analysts see this shift as an opportunity for Putin to consolidate his power further and strengthen his position ahead of upcoming elections.
As tensions continue to rise between Russia and its neighbors, it remains uncertain whether Putin’s shift towards an authoritarian elite will improve or worsen Russia’s situation both internally and externally.
