'This is an original and very timely picture of the economic and political conditions of Russia. It presents an analysis of the presentm in the light of the past for the future, and is expressed with great clarity and much force.' Donald D. Lamm (Former President, W.W. Norton)

'This book raises thought-provoking issues , and gives a thorough analysis of the Yukos affair. The analysis on RUssia's accession into the WTO is very especially good: it is very constructive about the issues involved.' Lawrence R. Klein (Benjamin Franklin Professor Emeritus of Economics, University of Pennsylvania & Nobel Laureate in Economics)

'This study deals with one of the most important and enigmatic problems facing the world today. The discussion of these critical issues is wide-ranging and well-balanced. It should appeal to a broad range of readers, and is likely to stimulate critical debate.' George F. Break (Professor of Economics, University of California, Berkeley, USA.)

'Professor Letiche's book is certainly the most comprehensive and up-to-date review of the important economic and political developments currently taking place in Russia. It also has the merit of being well-documented, carefully balanced, and quite perceptive in its analysis and conclusions. His analysis of the developments in the energy sector is of particular interest in this context.' Jacques R. Artus (Professor of Economics, San Francisco University & Former Deputy of the European Department, IMF, USA)

'John M. Letiches work reveals to the reader a previously hidden aspect of world trade, and clarifies the recently growing importance of Russia as a world trade partner. This useful publication provides further references and a detailed index, and contains a vast amount of data, processed by an economist who has dedicated his life to trade policy, and in a scientific and advisory capacity, has critically analyzed and participated in the creation of West-East trade relations.' - R. Senti, ETH Zurich, November 2007

1. Russia's Economic Restructuring since the 1998 Crisis 2. Transitional Constraints 3. Basic Principles Toward a Successful Russian Market Economy 4. Policy Reforms for the Longer Term 5. The Yukos Crisis 6. Transitional Tensions and Permanent Interests 7. Concluding Observations