The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies...

Introduction -- The dark before the dawn -- An oil and gas renaissance -- Economic impact -- The demand side of the ledger -- Regional and sectoral effects -- Environmental costs and benefits -- Trade policy considerations -- Conclusions

Introduction : why Russia matters and how -- Russia's historical roots -- Russia's new political system and succession -- Economic revival and financial crisis -- Policy on oil and gas -- International economic integration : trade and investment policies -- Challenges of demography and health --...