ABSTRACT
Russia’s quest for higher growth rates needs to target some of the unexploited potential residing in productivity improvements, as well as make greater headway in raising non-fuel exports. The latter may be supported by more active liberalization efforts in advancing regional integration in the Eurasian Economic Union, as well as extending the array of free trade agreements with the countries in Asia and Europe. This in turn should enable Russia to address some of the geographical constraints on attaining higher growth associated with the prevalence of land-locked regions.
