Vladimir Milov

Vladimir Milov

Politician, Economist, and Publicist

Vice President for International Advocacy at Free Russia Foundation. Specializes in Russian economic policy, the energy sector, and democratic transformations. Worked in the Russian government from 1997 to 2002, serving as Deputy Minister of Energy. Over the years, was an ally of Boris Nemtsov and Alexei Navalny and led the Democratic Choice party. Research Fellow at the Wilfried Martens Centre for European Studies.

51 Publications

Publications

51 publications
Economics

Russian economy
on the brink of recession

Even the windfall from the Iran war is not enough to save it

Report Jun 19, 2026
Politics

Putin's Fatal Blow to Russia's Demographics

Latest Data

Report Mar 16, 2026
Economics

Russian Economy's “Unholy Trinity”

Recession, Inflation, Budgetary Crisis

Report Jan 29, 2026
Politics

A Vision of the Future Against Fatigue and Resentment

To overcome the hardships of war and emigration, Russians in exile need to adopt a global mindset

Article Jan 12, 2026
Politics

Why the 28-Point “Plan” on Ukraine Can’t be Considered Serious

1. The “plan” doesn’t reflect the actual situation on the battlefield The plan forces Ukraine to make many concessions, while at the same time providing wide-ranging benefits for Russia (including complete absolution of material and legal responsibility for the aggression), in return for zero…

Article Nov 24, 2025
Economics

Russia’s Budget Crisis, Explained

And what it means for the war in Ukraine

Report Nov 4, 2025
Economics

Crises multiplying behind Putin-China photo-op facade

When the rhetoric of an “unlimited alliance” faces economic reality

Article Oct 15, 2025
Economics

What’s Happening to the Russian Economy?

A perfect storm: budget crisis, looming recession, inflation There are no miracles, and Putin’s much-hailed “economic resilience” since the beginning of the full-scale invasion of Ukraine was largely explained by three simple factors: There are no miracles, and Putin’s much-hailed “economic resilience” since…

Report Sep 24, 2025
Economics

The evolution of the US–Russia sanctions regime

Structure, composition and ways to improve effectiveness

Report Aug 23, 2025
Economics

Record deficits, inflation, recession fears—a moment of reckoning?

Russian Economy and Sanctions Brief—May 2025

Report May 20, 2025
Economics

Russian Economy and Sanctions Brief—March 2025

Russia's stock market rally at the start of Trump's presidency fueled by hopes for at least partial relief from sanctions have hit hard reality. Russia is now again…

Report Apr 8, 2025
Economics

The U.S. Political Factor in Russia’s Economic Future

Economy and Sanctions Brief — February 2025

Report Mar 3, 2025
Economics

The Russian Economy and Sanctions Brief—January 2025

More Uncertainty Follows as the Central Bank Yields to Pressure

Report Jan 13, 2025
Economics

Russian Economy and Sanctions Brief—November 2024

Between inflation and stagflation, lobbyists versus bankers, and the need for sanctions control

Report Nov 20, 2024
Economics

The Russian Economy and Sanctions Brief—October 2024 

Inflation, budget and labor shortages, and a cooling of relations with China

Report Oct 15, 2024
Economics

The Russian Economy and Sanctions Brief—August 2024 

Vladimir Putin’s corridor of economic opportunities is narrowing

Report Sep 5, 2024
Economics

Putin’s War Economy

Czar Broadcasts Panic

Article Aug 6, 2024
Economics

In Their Own Words: Russian Officials Openly Describe the Dire State of the Russian Economy

It is widely assumed by Western media and experts that Vladimir Putin is strong, self-assured, and possesses the resources for an everlasting warfare against Ukraine and the "collective West." More often than not they would claim that "Russia’s economy is thriving and weathering…

Article Jul 3, 2024
Economics

Belousov’s Appointment Exposes a Structural Crisis in Putin’s MOD 

Putin’s difficulties are plenty and mounting

Article Jun 4, 2024
Politics

The Transition Project: Post-Soviet Experience and Russia’s Recent Track Record

We see that Russia has slid towards authoritarianism. Does this mean that the democratic experiment of the 1990s was an absolute failure?

Report May 29, 2024
Reforms

The Transition Project: Decentralization of the Economy

Economic reforms and decentralization in Russia

Report May 29, 2024
Politics

Putin’s cabinet reshuffle hints to his panic over strategic limbo

Vladimir Putin has yet again raised eyebrows by seriously reshuffling the government military and security leadership

Article May 13, 2024
Politics

Vladimir Putin’s interview to Tucker Carlson. Not as harmless as it may seem at first glance

Debunking Putin’s lies about his war against Ukraine is essential to win the hearts and minds of the voters in the U.S. and beyond

Article Feb 17, 2024
Civil Society

Why Russia’s Presidential elections don’t matter, and why they still do 

Do these elections still matter? What’s the best plan of action for the Russian prodemocracy forces for these elections?

Article Feb 6, 2024
Politics

Source of Optimism for 2024: Putin’s Vulnerabilities are Plenty and Growing

Putin has a lot of weaknesses, and they are getting more and more numerous

Article Dec 26, 2023
Civil Society

Current trends in Russian public opinion toward the war

What are the trends in Russian public opinion regarding the war and support for the Putin regime?

Article Dec 11, 2023
Politics

A Bad Summer for Putin

Russian dictator threatened by multiple crises, with more to come

Article Sep 7, 2023
Civil Society

Public Opinion in Russia and War in Ukraine: End of the Year Recap

No one in Russia wants a long-term war, and the mobilization for the war is unpopular

Article Dec 30, 2022
Politics

A Case for Supporting Free Democratic Russia

The paper argues that Russia’s democratization is based on genuine bottom-up public demand for democracy

Report Nov 28, 2022
Civil Society

There’s no money, but you keep on fighting

Vladimir Milov on how Putin is running out of money for war effort

Article Oct 4, 2022
Civil Society

Yandex is the Kremlin’s Weapon Against Democracy

Its close cooperation with the Russian authorities and security services

Article Sep 29, 2022
Civil Society

Russian Society is in the Midst of a Profound Transformation not Captured by Traditional Opinion Polls

Between March-April 2022, the trust in television as a source of information fell thirty percent

Article Sep 5, 2022
Civil Society

Public opinion is turning on Putin’s war in Ukraine

Putin’s support hinged on his “operation” ending quickly and successfully

Article May 13, 2022
Civil Society

Saying “Nothing Will Ever Change in Russia” is not Only Unhelpful, It is Wrong

Putin’s attack on Ukraine and a noticeable increase in aggressive imperialist sentiments in Russian society have prompted another round of deliberations on the perpetual topic that “nothing will ever change in Russia." People argue that it is “useless” to expect Russia…

Article Apr 19, 2022
Civil Society

What is the Russian public opinion regarding Putin’s war against Ukraine?

Beyond the difficulties of polling under a totalitarian regime at war, the surveys’ methodology itself reveals key nuances

Article Apr 12, 2022
Civil Society

2021 in review: Is there any reason for optimism?

It is hard to summarize dispassionately the results of the outgoing year 2021—it turned out to be just too turbulent. And this turbulence did not let up for even a second, even in the days running up to New Year’s Eve

Article Dec 29, 2021
Civil Society

Russia post-elections

As the dust settles after the September elections into the State Duma, several important factors define the outlook for 2024, when Putin will likely seek to extend his Presidential tenure for another term—and, if in case of success, stay in power indefinitely

Article Oct 21, 2021
Politics

Beyond archaic: Putin’s obsolete “strategy” of national insecurity for Russia

On July 2nd, Putin signed an updated version of the "National Security Strategy of the Russian Federation." However, updated is only a technical term, merely characterizing the fact that the strategy is formally revised every six years (with the previous document adopted in 2015). By any other merit, the “strategy” is nothing less than completely outdated and offers a glimpse of a weird salad of conspiracies, prejudices and medieval worldviews that thrive in the minds of the Kremlin rulers.

Article Jul 7, 2021
Politics

The West Must Not Sacrifice Human Rights for ‘Strategic Interests’ in its Relationship with Russia

It is a popular misconception that human rights and foreign policy do not coexist. As has been proven time and again by Vladimir Putin’s Russia, such a vision…

Article Mar 15, 2021
Politics

Putin is Panicking

Vladimir Milov explains why Russian president started constitutional reforms well before 2024 elections. On Wednesday, Vladimir Putin did a rather unusual thing. Three years before the formal end…

Article Jan 17, 2020
Politics

Russian Youth: A Look Inside the “Black Box”

The 2017 protests across Russia surprised many observers both inside and outside the country—no one quite expected to see so many young people, including high school students, taking to the streets to express dissatisfaction with the current political leadership.

Report May 28, 2019
Economics

The Case of Baring Vostok: foreign investment is not safe in Putin’s Russia

The February 15, 2019 arrests of Baring Vostok Capital top managers on fraud charges sent shock waves through the ever-shrinking community of those still investing in Russia. The…

Article Feb 17, 2019
Economics

A piggy bank of $6 trillion for Putin’s cronies to “salt the stash away”

Tomorrow, on October 24th, the State Duma will be considering a proposed draft of the federal budget for the years of 2019-2021 in its first reading. One cannot…

Article Oct 22, 2018
Civil Society

Russian pension reform: a “black swan” for Vladimir Putin?

Russian pension reform aimed at sharply raising the retirement age has all the chances to become a long-anticipated political “black swan” for Vladimir Putin's government—a mistake…

Article Jul 25, 2018
Politics

The Current Russian Government Will Become a Textbook Example of Administrative Stagnation

Dmitry Medvedev’s new Administration has already been dubbed “the stagnation cabinet” and for a good reason. Despite some rotations, the new government is dominated by well-known bureaucrats who…

Article May 25, 2018
Sanctions

The new old sanctions: why the U.S. Senate’s decision is so dangerous for Russia

Keeping U.S. financial sanctions enforced for an indefinite period could slow down Russia's efforts to rebuild its economy. The legislation draft aimed against Russia and endorsed by the…

Article Jun 19, 2017
Civil Society

Stop funding RT: Better ways to spend the budget money

State Duma, the Russian Parliament have just adopted Russian federal budget for 2017. No cuts for funding propaganda was made, of course. If you are interested how “Russia…

Article Dec 21, 2016
Politics

Is the leader of the United Russia Party afraid of being elected in Russia?

We are witnessing a juicy sequel of the story with Untied Russia altering a voting district to get the number of votes that would otherwise be insufficient to…

Article Sep 12, 2016
Politics

From Disapproval to Change

Free Russia Foundation and the Wilfried Martens Centre for European Studies are happy to present our joint report on the sanctions and economic crisis impact on Russian population…

Report Jun 13, 2016
Civil Society

Democratic Coalition: what next?

After a total wipe-out of Democratic Coalition candidates in this year's Russian regional elections, questions arise as to the further political strategy of Russian Democrats confronting Vladimir Putin's…

Article Aug 11, 2015
Civil Society

Is Putin really that popular and what is next after Nemtsov’s murder?

One of the biggest questions following the horrible murder of Russian opposition leader Boris Nemtsov goes to the impact it will have on the Russian opposition. Will the…

Article Mar 19, 2015

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