In course correction, Russian foreign aid program turns inward

Russian President Vladimir Putin in Seoul, South Korea. As Putin’s tug of war with the West over Ukraine drags on, Russian officials have indicated that they are now more eager to tend to their neighbors in the Commonwealth of Independent States. Photo by: Jeon Han / Korean Culture and Information Service / CC BY-SA

After a brief period as one of the biggest recipients of foreign aid in the world, Russia is firmly back in the donor club. Last year, Russia’s official development assistance reached $714 million, a drop in the bucket when compared with Soviet levels, but still a sevenfold jump from 2006.

Russia’s donor comeback has been nearly a decade in the making. It was from his perch as chair of the G-8 in 2006 that President Vladimir Putin gave notice that a resurgent Russia was ready to assume the roles and responsibilities of a respected global power.

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About the author

  • Piccio

    Lorenzo Piccio

    Lorenzo is a contributing analyst for Devex. Previously Devex's senior analyst for development finance in Manila, he is currently an MA candidate in international economics and international development at the Johns Hopkins School of Advanced International Studies in Washington. Lorenzo holds a bachelor's degree in government and social studies from Wesleyan University.