Interfax: Medvedev: U.S. seeks to oust Russian companies from European market by putting them on different lists

Dmitri Medvedev file photo

SOCHI. Feb 15 (Interfax) – The United States is seeking to oust Russian companies from European market by including them in different lists, Russian Prime Minister Dmitry Medvedev said. “Why are they doing so? For purely pragmatic reasons, this is because they want to promote their companies to European market, but, saying it straightforwardly, Europe and the U.S. are now […]

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RUSSIALINK TRANSCRIPT: “[Putin at] Meeting with Mentor forum participants” – KremlinRu

File Photo of Empty Chair and Desk with Computer, adapted from image at osha.gov

(Kremlin.ru – February 14, 2018) The President met with participants of the Mentor national forum held in Moscow on February 13-15. The forum brought together several thousand people involved in mentoring, including active mentors at businesses, representatives of HR departments of major public and private corporations, federal and regional authorities, employees of non-profit organisations and educational institutions, and is designed […]

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Russia Gets $41.5 Billion Boost From OPEC Deal

Oil Well file photo

(Oilprice.com – Tsvetana Paraskova – February 13, 2018) Since the start of the OPEC-Russia production cut deal, Russia’s oil companies and government have received the equivalent of around US$41.5 billion more in proceeds, thanks to the higher oil prices, Russian Energy Minister Alexander Novak said on Tuesday. Due to the higher oil prices as a result of the pact, Russia’s […]

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RUSSIALINK TRANSCRIPT: “[Putin at] Meeting with finalists of the Leaders of Russia national management competition” – KremlinRu

Map of Russia and Russian Flag adapted from images at state.gov

(Kremlin.ru – February 12, 2018) Vladimir Putin met with the finalists of the national management competition, Leaders of Russia. President of Russia Vladimir Putin: Good afternoon. I am glad to see you all here, welcome. I know the competition was quite a marathon. I was surprised. Perhaps, Mr Kiriyenko already told you. Surprisingly, instead of the 12,000 to 15,000 applicants […]

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Russian parliament moves to extend capital amnesty

Cash, Calculator, Pen

(Interfax – February 9, 2018) The State Duma, the lower house of Russian parliament, has passed in third and final reading a package of bills extending the existing capital amnesty programme, which was proposed by President Vladimir Putin late in 2017. In December, Putin announced that Russia’s existing programme – aimed at encouraging wealthy Russians holding assets abroad to transfer […]

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RUSSIALINK TRANSCRIPT: “[Putin at] Meeting of the Council for Science and Education” – KremlinRu

Map of Russia and Russian Flag adapted from images at state.gov

(Kremlin.ru – February 8, 2018) The President held a meeting of the Council for Science and Education in Novosibirsk. The agenda focused on the sector’s main tasks and prospects, as well as the key areas of international research and technical cooperation. Transcript of meeting of the Council for Science and Education President of Russia Vladimir Putin: Good afternoon, colleagues, I […]

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NEWSLINK: “Why does Trump hate Russia?” – The Hill/Frank R. Gunter

File Photo of White House with South Lawn and Fountain

“… has Trump helped Russia? The economic, political and diplomatic evidence supports a negative view – Trump’s actions have severely damaged Putin’s Russia. The collapse of energy prices since 2014 devastated the Russian economy. It is generous to call Russia an industrial state. It is more like a developing country in that its exports are dominated by raw materials such […]

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Russia Struggling To Expand Arctic Oil Production

Arctic Satellite Image and Map

(Oilprice.com – Tsvetana Paraskova – January 30, 2018) Oil production from Russia’s Arctic region increased in 2017 as new onshore developments and the only offshore producing platform ramped up production. But challenges in Russia’s arctic remain. Last year, production from onshore fields in Yamal-Nenets autonomous region in northern Russia contributed the most to the rise in oil production in the […]

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NEWSWATCH: “Why Did the Trump Administration Pass the Buck on Sanctioning Russia?” [excerpt] – Russia Matters/David Szakonyi

Portion of U.S. Treasury Department Building Facade, North Side, with Sculpture of Alexander Hamilton

David Szakonyi is an assistant professor of political science at George Washington University This week’s highly anticipated news on additional Russia sanctions landed with a thud. For weeks, both Moscow and Washington had been astir about the impending steps the Trump administration would take against Russia based on legislation reluctantly signed by the president nearly six months ago” and overwhelmingly […]

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Investors Take U.S. List Of Russian ‘Oligarchs’ In Stride — For Now

Portion of U.S. Treasury Department Building Facade, North Side, with Sculpture of Alexander Hamilton

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Carl Schreck – January 30, 2018 – also appeared at rferl.org/a/russia-investors-brush-off-us-treasury-oligarchs-list/29007996.html) For months Russia’s business and political elite were fretting about the planned release of a U.S. list of potential Russian targets for fresh sanctions — including government officials and “oligarchs” purportedly close to the Kremlin. After that unclassified list […]

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Interfax: There are enough potential buyers of Russian defense industry products to replace those who may stop buying them due to U.S. actions – Russian MP

Russian State Duma Building file photo

MOSCOW. Jan 30 (Interfax) – The number of potential buyers of products manufactured by the Russian defense industry is sufficient to replace those who could quit this market following the publication of the ‘Kremlin list’ by the United States, deputy head of the State Duma Defense Committee Yury Shvytkin told Interfax. “If we take the defense industry, if these or […]

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NEWSWATCH: “Russia and Ukraine: More similar than either wants to admit” – bne Intellinews/Anders Åslund

“… Russians see themselves as economically superior while Ukrainians cherish their freedom. Yet … economically the similarities are greater than the differences. Their current fundamental problem is their absence of real property rights. … Russia experienced an attempt at serious market economic reform from 1991-94 … avoid[ing] Ukraine’s … hyperinflation in 1993. While Russia’s situation was bad, Ukraine’s was far […]

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Few Russians Think ‘Era of Oligarchs’ is Over

Arkady Dvorkovich file photo

(Paul Goble – Window on Eurasia – Staunton, January 28, 2018) At Davos, Russian Deputy Prime Minister Arkady Dvorkovich said that there aren’t any oligarchs left in Russia, a declaration that has attracted a great deal of attention both in Russia and abroad but very little support among Russians who continue to see oligarchs as an evil force in their […]

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NEWSLINK: “Russia’s Break From a Recession Was Fleeting” – Bloomberg/ Anna Andrianova

Diverse Paper Currency, Coins, Line Graph

“After suffering its longest economic contraction this century, Russia may just have had the shortest recovery. JPMorgan Chase & Co. says the world’s biggest energy exporter probably capped last year with two consecutive quarters of contraction — or a technical recession — a surprise cooldown that ranged from struggling consumer spending to a flop in industrial output. …”

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RUSSIALINK TRANSCRIPT: “[Putin at] Visit to Tver Carriage Works” – KremlinRu

Map of Russia and Russian Flag adapted from images at state.gov

(Kremlin.ru – January 10, 2018) During his working trip to the Tver Region, Vladimir Putin visited Tver Carriage Works, where he was informed about the plant’s operation and shown its finished products. The plant’s General Director Andrei Solovei informed the President about its performance indicators and the efficiency of the government support measures. Vladimir Putin visited a number of shops […]

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NEWSWATCH: “Gazprom gas exports to Europe rise 8% to new record” – Financial Times/ Henry Foy

Gas Flame file photo

“Russia’s gas exports to Europe rose 8.1 per cent last year to a record level of 193.9bn cubic metres (bcm), the company’s head said … as the world’s largest gas producer continued to increase sales despite rising competition from LNG and other sources. Gazprom … has a monopoly over Russia’s gas pipelines to Europe [and] has been forced to reduce […]

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Lucy Komisar: Re: “Developments re Browder”

Kremlin and Saint Basil's File Photo

Subject: Developments re Browder Date: Sat, 30 Dec 2017 From: Lucy Komisar you might be interested in one of these 1 About the new Magnitsky List – Browder targeted a lawyer involved in the $230 million tax refund fraud ten years ago who he had ignored since then. the man was put on the list exactly 2 months after he […]

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NEWSLINK: “Russia to Keep Its Grip on Europe’s Gas Market After Record 2017” – Bloomberg/ Elena Mazneva

Gas Facility file photo

“Russia is working to keep natural gas exports to Europe near record levels in 2018 after the continent’s biggest supplier, Gazprom PJSC, said its deliveries this year signal it is achieving on its ambitions to expand. …”  

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Putin signs decree on state policy to develop competition

Kremlin and River

MOSCOW. Dec 21 (Interfax) – Russian President Vladimir Putin has signed a decree on the main focus of state policy to develop competition, the Kremlin said in a press statement. “With the goals of strengthening the national economy, the future development of competition and not allowing monopoly activity, I hereby order that active assistance to develop competition in Russia be […]

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NEWSLINK: “Silk Road fever grips the Russian Far East and boosts economy; China’s Belt and Road Initiative heralds a new era with mega infrastructure projects dotting the landscape” – Asia Times

Asia Map

“… [a] new state-of-the-art $1.5 billion Bystrinsky plant … [l]ocated about 400 kilometers from the Chinese border by rail and tucked inside the Trans-Baikal region of Siberian … is now finally open for business. This mining and processing complex … contains up to 343 million tonnes of ore reserves … a joint venture between Russian and Chinese companies. …”

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NEWSWATCH: “Gazprom spends big to keep trillion dollar dream alive; Russian gas exporter ramps up borrowing and raids cashpile to maintain growth” – Financial Times/ Henry Foy

Gas Facility file photo

“In an effort to fight back, Gazprom is …. [r]amping up borrowing and raiding its … cash pile … splurging on critical new infrastructure …. it announced that it expected to spend 24 per cent more this year on long-term investment, capital expenditure and acquisitions previously forecast. … next year’s spending [is projected to] hit a record Rbs 1.28tn ($22bn), up 13 per cent on […]

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NEWSLINK: “Independent Journalists in Russia Will Have to Live Without Their Western Role Models; The Western media’s controversial reporting is affecting independent journalism in Russia” – Moscow Times/ Oleg Kashin

File Photo of Oleg Kashin Outdoors with Boat and Water in Background

“The Western press has discovered that structures close to the Kremlin bought shares in Facebook and Twitter – obviously with far-reaching political designs. * * * At some point, quantity becomes quality, and the Western press has already published so many inaccurate, exaggerated, and knowingly untrue things about this country that the only Russians who seriously consider Milner a Kremlin […]

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NEWSLINK: “Russia, Trump, and the 2016 U.S. Election; Charges of foreign power interference in the U.S. presidential election have raised grave national security concerns and touched off multiple federal inquiries that could drag on for months” – Council on Foreign Relations/ Jonathan Masters

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NEWSLINK: “Kremlin Cash Behind Billionaire’s Twitter and Facebook Investments” – New York Times/ Jesse Drucker

File Image of Laptop Computer, Tables and Mobile Device, adapted from image at energy.gov » Read more

RUSSIALINK TRANCRIPT: “Foreign Minister Sergey Lavrov’s remarks at a meeting with members of the Association of European Businesses in Russia Moscow, October 31, 2017” – Russian Foreign Ministry

Sergei Lavrov file photo » Read more

NEWSWATCH: “Russia moves up to 35th place in the World Bank’s annual ‘Doing Business’ index” – bne Intellinews

File Photo of Kremlin Tower, St. Basil's, Red Square at Night

“… Russia is ranked 35th in the 2018 issue of the World Bank’s Doing Business 2017 report published on October 31, moving up five places …. Another international rating, the 2017 Economic Freedom Index compiled by the Heritage Foundation in February, placed Russia in the 114th position in the ‘Mostly Unfree’ category … with a score of 57.1 of 100. … the […]

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NEWSWATCH: “Russia Uses Its Oil Giant, Rosneft, as a Foreign Policy Tool” – New York Times/ Clifford Krauss

File Photo of Rosneft and Russian Flags Next to Rosneft Banner

“Russia is increasingly wielding oil as a geopolitical tool, spreading … influence … and challenging the interests of the United States. … Moscow risks running into trouble … lend[ing] money and mak[ing] deals in turbulent economies and shaky political climates. The strategy faces a crucial test this week in Venezuela, a Russian ally that must come up with a billion dollars to avert […]

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Russia to increase salmon aquaculture

Spawning Salmon File Image, adapted from image at fws.gov

(The Fish Site – thefishsite.com – Jaroslaw Adamowski – October 30, 2017) Russia’s largest farmed fish producer, Russian Aquaculture, is developing its farm network across the country at a time when the country’s authorities are making increased efforts to develop the sector and reduce their dependency on fish imports. Russian Aquaculture currently owns cultivation rights for 30 salmon and trout sites […]

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NEWSWATCH: “Russia’s economic recovery not enough for higher rating: Moody’s” – Reuters/ Andrey Ostroukh

Diverse Paper Currency, Coins, Line Graph

“Economic recovery in Russia is not strong enough to convince Moody’s rating agency to upgrade its sovereign credit rating as the country still lacks sufficient structural reform …. Moody’s downgraded Russia’s rating to below investment grade in early 2015 as Russia’s economy slipped into recession amid a rapid drop in oil prices and Western sanctions … over [Russia’s] role in the Ukrainian […]

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NEWSWATCH: “Michael @McFaul: I applaud @Twitter for making this decision ….”

Ambassador Mike McFaul file photo

(Michael McFaul – Twitter – @McFaul – October 27, 2017) “I applaud @Twitter for making this decision. [re: ban on RT and Sputnik advertising]” [embedded live feed of tweet should load below; or click here to jump directly to tweet] I applaud @twitter for this decision: Announcement: RT and Sputnik Advertising https://t.co/QnCHBEckD8 — Michael McFaul (@McFaul) October 27, 2017

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NEWSLINK: “Putin Disappoints Investors With Quick Exit From Moscow Forum” – Bloomberg/ Ksenia Galouchko, Jake Rudnitsky, Andrey Biryukov, Anna Baraulina

Vladimir Putin file photo with VOA logo; screen shot from video still

“… Putin left some guests at Moscow’s main investment forum surprised and disappointed after he broke with his tradition of taking questions from the audience and left after a brief speech. After comments that lasted about 12 minutes at a panel at the VTB Capital Forum on Tuesday, Putin left the stage, leaving behind the sanctioned lender’s Chief Executive Officer Andrey […]

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Russia Goes All In On Arctic Oil Development

Arctic Map

(Oilprice.com – Tsvetana Paraskova – October 19, 2017) Neither sanctions nor persistently low oil prices are hindering Russia’s ambitions or plans to develop oil resources in its sections of the Arctic. In April, state-controlled oil giant Rosneft started drilling the northernmost well on the Russian Arctic shelf in the Khatangsky license area in the Laptev Sea. In June, Rosneft struck […]

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A Corruption Trial Splits the Kremlin; The former economy minister got caught in a sting, and no one knows where Putin stands.

File Photo of Kremlin Tower, St. Basil's, Red Square at Night

(Bloomberg – bloomberg.com – Evgenia Pismennaya, Ilya Arkhipov, Henry Meyer, Irina Reznik – October 11, 2017) The first prosecution of a minister for graft under Russian President Vladimir Putin contains the kind of details you’d expect in a spy novel, from hidden microphones and coded hand signals to homemade sausages and a bag stuffed with cash. The case against former […]

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Navalny Fund Publishes Retractions in Usmanov Libel Suit

Alisher Usmanov file photo

(Moscow Times – themoscowtimes.com – October 11, 2017) The Anti-Corruption Foundation has complied with a court order to publish retractions related to a video critical of Prime Minister Dmitry Medvedev. Foundation founder and opposition leader Alexei Navalny was sued for libel in April by Uzbekistan-born Russian oligarch Alisher Usmanov over allegations of bribery. Navalny is currently serving a 20-day jail […]

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NEWSWATCH: “OPEC Pushes Russia to Continue Helping on Oil Prices” – Wall Street Journal/ Benoit Faucon, Summer Said, Nathan Hodge

File Photo of King Salman of Saudi Arabia Seated Next to Saudi Flag and Gesturing, adapted from image at defense.gov

As King Salman becomes the first Saudi Monarch to visit Moscow, The Wall Street Journal reports on efforts by OPEC to keep Russia in an ad hoc coalition to suppress global oil production. “Saudi Arabia and OPEC are lobbying Russia to stay on board with their efforts to raise oil prices, amid signals that Moscow wants to end its participation in costly […]

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The Best Quotes From Putin at the Russian Energy Week Forum

Vladimir Putin file photo with VOA logo; screen shot from video still

(Moscow Times – themoscowtimes.com – October 4, 2017) President Vladimir Putin took part in the Russian Energy Week forum in Moscow on Wednesday, where he spoke about North Korea, his relationship with U.S. President Donald Trump and electric cars. Here are some of the highlights: On the elections next year – “I haven’t decided whether I’m going to run at […]

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Saudi Arabia to Plan Russia Deals, Deepening Energy Ties

File Photo of King Salman of Saudi Arabia Seated Next to Saudi Flag and Gesturing, adapted from image at defense.gov

(Bloomberg – bloomberg.com – Wael Mahdi , Elena Mazneva, Ilya Arkhipov – October 3, 2017) Saudi Arabia is looking at unprecedented deals to acquire #oil and #gas assets in Russia, deepening ties between the world’s largest energy exporters as the Saudi king prepares to visit Moscow later this week. OPEC’s biggest crude producer is considering investing in Russia’s largest oil […]

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NEWSWATCH: “Yandex, a Russian Success Story and Putin’s High-Tech Tiger” – Moscow Times/ Elizaveta Osetinskaya

File Image of Stylized Eye Surrounded by Binary Code

“Last week, Yandex, the giant search engine and a symbol of Russian tech prowess, celebrated its 20-year anniversary. Its founder Arkady Volozh played host to … Putin, who praised Yandex at its stylish glass headquarters in downtown Moscow. … Bloggers sarcastically pointed out that the Russian leader famously doesn’t use the internet and once described it as the brainchild of the […]

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RUSSIALINK TRANSCRIPT: “[Putin at] Meeting with business community representatives” – KremlinRu

File Photo of Kremlin Aerial View, adapted from .gov source

(Kremlin.ru – September 21, 2017) Vladimir Putin met in the Kremlin with representatives of the Russian business circles and associations. The meeting was attended by over 50 business leaders, CEOs of leading private companies and companies with government participation, banks and public organisations. President of Russia Vladimir Putin: Good afternoon, Before we start working and take our seats let us […]

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Business community expects economic reforms in Russia after presidential vote – Gref

Sberbank File Photo

MOSCOW. Sept 7 (Interfax) – The business community expects that Russia may begin extensive economic reforms after next year’s presidential elections and the preparatory stage is now underway, Sberbank of Russia (MOEX: SBER) CEO Herman Gref said in an interview on NTV television. “The expectations of business and, in general, the entire country is that such an extensive reform process, […]

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NEWSLINK: “Little cash for Russia’s new Arctic development program; Ambitions are sky-high, but much hinges on private investments” – The Independent Barents Observer/ Atle Staalesen

Arctic Map

“… The new Russian Arctic program has undergone major revision since the Ministry of Economic Development was commissioned to make a draft. The Ministry first proposed to allocated 209 billion rubles (€3.1 billion) of state cash to program implementation. Later, the sum was reduced to only 12 billion rubles (€177 million). Originally, the program was to cover the period until […]

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Russia Expands Grip on Wheat Exports as Asia Set to Buy More

File Photo of Wheat Field in Kenya, adapted from image at usda.gov

(Bloomberg – bloomberg.com – Manisha Jha, Anatoly Medetsky – August 31, 2017) Russia, the world’s biggest wheat exporter, is about to grab even more customers in the fast-growing economies of Asia — a region that normally gets most of its imported grain from somewhere else. A farm industry that emerged from the former Soviet Union to become a wheat-trade powerhouse […]

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What Jolted Russia’s Investments Is About to Fizzle Out; From pipelines to cash registers, the factors that caused last quarter’s pickup in investment are only temporary

Gas Facility file photo

(Bloomberg – bloomberg.com – Anna Andrianova – August 30, 2017) [Text with charts bloomberg.com/news/articles/2017-08-30/what-jolted-russia-s-investments-is-about-to-fizzle-out] Russian investments have spiked to a five-year high as the economy exited recession, but the factors that drove the boom are already fading. Fixed-capital investment accelerated an annual 6.3 percent in the second quarter, according to Bank of Russia estimates, the most since 2012. The jump […]

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Leonid Bershidsky: Trump’s Business Record in Russia Is Humiliating; He never had what it takes to negotiate with Moscow.

File Photo of Kremlin Aerial View, adapted from .gov source

(Bloomberg – bloomberg.com – Leonid Bershidsky – August 29, 2017) Leonid Bershidsky is a Bloomberg View columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru. The latest Trump-Russia revelations — this time concerning a Moscow real estate project scuttled in early 2016 — fit in well with the comical history of […]

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A Month After Tighter Sanctions, Russia Risk Drops to a Four-Year Low

File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Bloomberg – bloomberg.com – Natasha Doff, Ksenia Galouchko – August 24, 2017) [Text with charts: bloomberg.com/news/articles/2017-08-24/month-after-sanctions-storm-russia-risk-drops-to-four-year-low] Less than a month after the U.S. toughened its main sanctions against Russia, a measure of the country’s political risk is back to its lowest level in four years. The cost of insuring Russian debt against default for five years using credit-default swaps dropped […]

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NEWSWATCH: “Corruption Case Puts Sechin in the Spotlight” – Carnegie Moscow Center/ Konstantin Gaaze

Igor Sechin file photo

“The high-profile trial of former Russian economy minister Alexei Ulyukayev is not playing out according to the script that most analysts had expected. The prosecution’s case increasingly relies on the testimony of one man, state oil chief Igor Sechin, making this master of Kremlin intrigue potentially politically vulnerable. The powerful reputation of the official said to be Russia’s second most […]

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Soviet-Era Grain Record Seen Tumbling on Bumper Russian Crop

File Image, Map of Russian Wheat Production by Region, adapted from image at usda.gov

(Bloomberg – bloomberg.com – Anatoly Medetsky – August 21, 2017) A quarter century after the collapse of the USSR, Russian farmers are finally poised to beat the record for grain production that the country set during the Soviet era. The harvest will total at least 130.7 million metric tons this year on bumper wheat and corn crops, said Vladimir Petrichenko, […]

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