A refreshing, polemic-free view of Russia
Book review: Who lost Russia? – How The World Entered A New Cold WarThe blunders that led to a resurgence of nationalism.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
As recently as 15 years ago, many still believed that Russia would become a benign liberal democracy. Today, it is regarded as an international pariah. In his new book, journalist Peter Conradi looks at the blunders that thwarted the reformers, and led to a renewed resurgence of nationalism.
Much of what is written about Russia is "warped by polemics", says John Thornhill in the New Statesman. So it's "refreshing" to read "so well-written and dispassionate an account". The book could have done with a bit more "colour and sizzle", says Edward Lucas in The Times. But it neatly debunks many "myths and misapprehensions". Overall, this is a "sober and skilfully constructed" book that emphasises that "it was not just Russia that lost a sense of purpose and status after 1991", says Arkady Ostrovsky in The Sunday Times. The West also suffered from "a striking lack of vision, imagination and strategic thinking" in its failure to help Russia adjust to a new world.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

-
Pensioners ‘running down larger pots’ to avoid inheritance tax as rule change loomsChanges to inheritance tax (IHT) rules for unused pension pots from April 2027 could trigger an ‘exodus of large defined contribution pension pots’, as retirees spend their savings rather than leave their loved ones with an IHT bill.
-
Why do experts think emerging markets will outperform?Emerging markets were one of the top-performing themes of 2025, but they could have further to run as global investors diversify