In Moscow's Shadows In Moscow's Shadows 238: Bangers and Mish
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Mar 1, 2026 They discuss how US‑Israel strikes on Iran could reshape Russia’s strategic position and regional rivalries. Energy and insurance shocks from threats to Hormuz and their upside for Russian revenues get explored. They decode Mikhail Mishustin’s Duma report, portraying technocrats’ plans to move the economy beyond resource dependence. The piece flags budget pressures, social pacification measures, and limits on political power.
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Mishustin Is The Kremlin's Head Butler
- Mikhail Mishustin functions as a 'head butler' with responsibility for delivery but no control over big political choices.
- Galeotti compares the prime minister's role to running the household while Putin sets overarching priorities like the war.
Russian Growth Is Largely Wartime Manufacturing
- Russia shows modest GDP growth driven largely by wartime manufacturing and defensive spending.
- Galeotti warns much of the 1% 2025 growth is 'empty calories' from making weapons and drones destined for destruction.
Technocrats Want To Turn Russia Into A Supermarket
- The technocrats aim to transition Russia from a raw‑materials exporter to a consumption-based economy.
- Galeotti highlights Anton Siluanov's budget shift proposals to reduce oil dependence and boost non-energy, high value-added exports.