Russia: as solid as a BRIC?

Purpose – This introductory paper aims to outline the reasons for optimism as well as for skepticism in regard to Russia's position in the group of BRIC nations and in the global economy.Design/methodology/approach – The paper presents a brief overview of developments in Russia. This discussion serves as a contextual introduction to this special issue by embracing some of the common themes elaborated in the other papers that are featured in the issue.Findings – The paper takes a balanced perspective by discussing both positive and negative trends in Russia's development.Originality/value – The paper sets the context in which the other papers that comprise this special issue can be situated.