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Kremlinomics

Kremlinomics Definition

Kremlinomics is a buzz word created from the words Kremlin, a fortress in Moscow that serves as the of residence of the president of Russia, used to refer to the government of the Soviet Union, later to the government of Russia and economics. The term describes economic policies of the Soviet Union and Russia.


Additional meaning of Kremlinomics:

Kremlinomics summarizes the communist policies of the Russian government during the Cold War. Nowadays the term is used for the Russian government's response to the 2008 crisis. It also describes leftist economic policies.


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