Russia and Hungary have developed very different economies and political systems in the process of postcommunist transition. Nevertheless, a certain convergence takes place in recent years. Vladimir Putin's regime in Russia and Viktor Orban's regime in Hungary combine authoritarianism, national populism, neoliberal reforms and certain economic measures that go beyond neoliberalism. One way to understand this convergence is to study two distinct types of capitalism that emerged in Russia and in Hungary, their contradictions and the role of the state. Ultimately, the authoritarian consolidation in both countries is rooted in the state-class relations. Both regimes have taken steps that go beyond the neoliberal playbook and adopted the policy of economic nationalism. Nevertheless, in both countries this policy is combined with neoliberal reforms in the social sphere. The presentation examines the past, the present and the future of both regimes.