A century later, Vladimir Putin’s Russia turned aggressive under similar circumstances.23 After the global financial crisis and a crash in oil prices ended a run of hydrocarbon-propelled growth, Putin needed new ways of strengthening Russia’s position, propping up its resource-dependent economy, and averting challenges to his rule. He criminalized dissent, murdered his political challengers, and steered Russia deeper into autocracy; he dialed up the nationalism and xenophobia toward foreign enemies.24 Putin sought to create a Eurasian economic bloc centered on Russia—“a new imperial
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