TRANSCRIPT: [Putin at] Meeting of ASI Expert Council

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

(Kremlin.ru – July 21, 2016) Vladimir Putin took part in a meeting of the Agency for Strategic Initiatives (ASI) Expert Council, which is marking its 5th anniversary. The President also visited an exhibition presenting projects that have received ASI support over various years, in particular, new developments in medicine, communications, transport, housing and utilities, agriculture, continued and vocational education, and […]

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Hybrid Business — The Risks In The Kremlin’s Weaponization Of The Economy

Hand Pulling Cash from Envelope

(RFE/RL – rferl.org – Commentary: Mark Galeotti, Anna Arutunyan – July 20, 2016) Mark Galeotti is a senior research fellow at the Institute of International Relations Prague and director of the consultancy Mayak Intelligence. Anna Arutunyan is a Moscow-based journalist and writer, author of The Putin Mystique. “How many divisions does the pope have?” Josef Stalin was meant to have […]

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Russia’s Consumers Still in Shock as They Cut Back on Food and Medicine

Cash, Calculator, Pen

(Bloomberg – bloomberg.com – Olga Tanas – July 19, 2016) With stores from near the Arctic to the foothills of the Caucasus Mountains, Magnit PJSC would be the first to know when the Russian consumer is back. Instead, the nation’s largest supermarket chain has just come across something it’s never seen. Billionaire Sergey Galitskiy’s retailer, which operates almost 13,000 outlets […]

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TRANSCRIPT: [Putin at] Meeting with Commissioner for Entrepreneurs’ Rights Boris Titov

Boris Titov file photo

(Kremlin.ru – July 18, 2016) Boris Titov presented to the President the Commissioner for Entrepreneurs’ Rights annual report. President of Russia Vladimir Putin: Good afternoon Mr Titov. Have you prepared your report? Commissioner for Entrepreneurs’ Rights Boris Titov: Yes, Mr President. I am ready to present what will be my third report since my appointment as Commissioner for Entrepreneurs’ Rights. […]

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Oil Must Go to $40 and Stay There to Buy Russia Some Reforms

Oil Wells File Photo

(Bloomberg – bloomberg.com – Anna Andrianova, Andre Tartar – July 18, 2016) [Charts here bloomberg.com/news/articles/2016-07-17/oil-must-go-to-40-and-stay-there-to-buy-russia-reforms-at-last] At an oil price of $40 or below, Russian President Vladimir Putin introduced a flat income tax, built a sovereign wealth fund and delivered speeches to the Bundestag in German. When it was over $100, he fought two wars with neighbors and splashed over $40 […]

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Russian ‘Gun-For-Hire’ Rinat Akhmetshin Lurks In Shadows Of Washington’s Lobbying World

Memorial Flowers and Photo of Sergei Magnitsky

(RFE/RL – rferl.org – Mike Eckel – WASHINGTON – July 17, 2016) The hoots and jeers began the minute the movie ended and the lights went up on the seventh floor of the Newseum, a Washington museum dedicated to the free press. The film was a semifictionalized look at the story of Sergei Magnitsky, the Russian lawyer who helped uncover […]

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NEWSWATCH: “An Unfinished Bridge, and Partnership, Between Russia and China” – New York Times

Asia Map

The New York Times covers Russo-Chinese relations and delays in Russia fulfilling its part of a joint arrangement to build an international bridge across the Amur River. … The bridge abruptly stops, hanging in the air high above the river just short of the Russian shore at Nizhneleninskoye …. The gap … left by Russia’s failure to build its own, […]

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Reluctantly, Russia Starts Sell-Off of Major State Companies

Empty Boardroom

(Moscow Times – themoscowtimes.com – Peter Hobso – July 14, 2016) Back in April, President Vladimir Putin was asked at a press conference why he planned to sell state companies just when the market was at bottom. Putin’s reply was blunt: “We need the money.” Russia was, after all, in a bind. A deep recession and plunging oil prices meant […]

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Putin Peers Into Shadows Where 30 Million Toil on Fringes

Hands Opening Envelope Containing Cash

(Bloomberg – bloomberg.com – Evgenia Pismennaya, Ilya Arkhipov – July 13, 2016) Just about every other worker in Russia has gone missing. Uncounted by statisticians and invisible to tax collectors, a population the size of Texas — or about 30 million people — plies its trade in the nooks and crannies of what’s become known as the “garage economy.” There, […]

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Putin Isn’t About to Let Go of the Crown Jewels After Alrosa

Empty Boardroom

(Bloomberg – bloomberg.com – Anna Andrianova, Andrey Biryukov – July 12, 2016) Hatched in harsh economic times, Russia’s latest wave of privatization is off to a mixed start, and a sequel is by no means guaranteed. The sale of a 10.9 percent stake in Alrosa PJSC was the biggest divestment of a state asset since the government reduced its stake […]

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NEWSWATCH: “Prokhorov’s Onexim says not selling all Russian assets” – Reuters

Mikhail Prokohrov file photo

Onexim Group, owned by tycoon Mikhail Prokhorov, said on Monday a newspaper report suggesting it had decided to sell all its assets in Russia was inaccurate. * * * On Monday, Vedomosti newspaper had reported that Prokhorov was searching for buyers of all his assets in Russia, quoting multiple unnamed sources. Onexim owns stakes in aluminium giant Rusal, potash producer […]

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Billionaire Tycoon Prokhorov to Sell All Russian Assets

Mikhail Prokohrov file photo

(Moscow Times – themoscowtimes.com – July 4, 2016) Billionaire Mikhail Prokhorov is to sell all of his Russian assets, the Vedomosti business daily reported Monday. Prokhorov’s ONEXIM investment group has various assets in mining, finance, energetics, development and the media. Its larger assets include a 20 percent stake at Russian company Uralkali, the world’s largest producer of potassium, and a […]

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TRANSCRIPT: [Putin at] Meeting with Alexei Repik, President of Delovaya Rossiya national public organisation

Cash, Calculator, Pen

(Kremlin.ru – June 30, 2016) Vladimir Putin discussed with Delovaya Rossiya President Alexei Repik the results of the union’s activity over the past 15 years and ways of improving the business climate in Russia. President of Russia Vladimir Putin: Good afternoon, Mr Repik. This year marks 15 years since Delovaya Rossiya was founded. A great deal has been accomplished during […]

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NEWSWATCH: “Rival Kremlin camps prepare for battle over economy” – Reuters

Aerial View of Kremlin and Environs

Rival camps inside … Putin’s entourage are preparing to do battle … over whether the Russian state should keep its role as custodian of the economy. … the Kremlin presents a united front, especially in its stand-off with the West[;] in reality it is divided with Putin often having to act as umpire … On one side … is a […]

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RBTH: SPIEF 2016: Russia will attract only the best foreign technologies

Cash, Calculator, Pen

Russia plans to set up a new presidential council to promote economic innovation, as business deals are unveiled. (Russia Beyond the Headlines – rbth.ru – ALEXEI LOSSAN, RBTH – June 21, 2016) Participants in the St. Petersburg International Economic Forum (SPIEF) have signed agreements worth $15.8 billion, the executive secretary of its organizing committee, Anton Kobyakov, has announced. The official […]

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Putin Said to Weigh $11 Billion Rosneft Sale to China, India

File Photo of Rosneft and Russian Flags Next to Rosneft Banner

(Bloomberg – bloomberg.com – Elena Mazneva, Ilya Arkhipov – June 19, 2016) Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years. Russia has been seeking buyers for 19.5 percent of state oil champion Rosneft OJSC and […]

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Russian Oil Producers Care More About Rubles Than Barrels

Oil Well file photo

(Bloomberg – bloomberg.com – Stephen Bierman – June 16, 2016) For Russian oil companies, the value of the ruble matters more than the price of a barrel. While OPEC celebrates the rebound in crude, Rosneft OJSC and Lukoil PJSC must keep one eye on the stronger Russian currency. That’s because the ruble’s 12 percent gain this year against the dollar […]

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Putin’s Reliance on American Commerce Has Never Been Greater

File Photo of Boeing 747, adapted from image at navy.mil

(Bloomberg – bloomberg.com – Jake Rudnitsky, Ilya Arkhipov – June 15, 2016) U.S. becomes Russia’s No. 5 partner as trade war hits EU worse Boeing, Cargill, Yum! lead U.S. companies expanding in Russia President Vladimir Putin loves to reel off statistics, but here’s one he may not trumpet at his annual investment forum in St. Petersburg this week: Russia’s reliance […]

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Deconstructing Moscow’s Constructivist Legacy

Aerial View of Moscow From Beyond Stadium, file photo

(Moscow Times – themoscowtimes.com – Ola Cichowlas – June 9, 2016) [Photos here http://www.themoscowtimes.com/news/article/deconstructing-moscows-constructivist-legacy/571579.html] When Moscow city deputy Alexandra Parushina asked the men in bulldozers if they had permission to tear down a 1920s housing estate in her constituency on June 6, security guards threw her to the ground. While they held her down, injuring her leg, the demolition began. […]

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Putin Is Growing Organic Power One T-34 Tank-Tomato at a Time; Backed by billionaires’ cash, Russian food exports are now worth more than Kalashnikovs and all other military hardware combined.

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

(Bloomberg – bloomberg.com – Anatoly Medetsky, Matthew Campbell, Yuliya Fedorinova – June 7, 2016) [Photos and charts here bloomberg.com/news/features/2016-06-07/putin-is-growing-organic-power-one-t-34-tank-tomato-at-a-time] Deep in the Caucasus, downriver from Europe’s highest peak, North Korean women roam Soviet-era hothouses growing what tycoon Vladimir Evtushenkov is betting will be his next big bounty: the T-34 battle tomato. The plump hybrids, named for the fearsome tank that […]

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New Bill Forces Russian Companies to Disclose Owner Information

Russian State Duma Building file photo

(Moscow Times – themoscowtimes.com – June 8, 2016) Russia’s State Duma has passed a new bill obliging companies to disclose information on their beneficiaries at the request of the authorities, the TASS news agency reported Tuesday. The bill was prepared as part of the country’s push to improve economic transparency and decrease the use of offshore holdings. Russian President Vladimir […]

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RBTH: Russian business repatriates money from offshore zones

Cash, Calculator, Pen

Russian entrepreneurs have decided to bring their money back home from offshore havens. Statistics show that the largest amounts have returned to Russia from the Bahamas, the British Virgin Islands and Bermuda. Additionally, $1 billion or more has entered Russia from such countries as Germany, France and the UK. (Russia Beyond the Headlines – rbth.ru – ALEXEI LOSSAN, RBTH – […]

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Why is Russia’s biggest gas pipeline being built on an uncompetitive basis?

Gas Flame file photo

Contracts for laying the Power of Siberia pipeline from Russia to China are being dished out mainly without tenders and are often handed to close friends of Russian President Vladimir Putin. However, Russian analysts deny that anything is amiss and insist this is related to Gazprom being afraid of not finishing them on time for its Chinese partner. (Russia Beyond […]

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NEWSWATCH: “Russian Village Resists Privatization Effort Championed by Putin. Locals, activists and lawmakers rally to prevent sale of century-old state-owned dairy plant.” – Wall Street Journal

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

The Russian government’s privatization drive soured in a village called Milk. The dairy plant here that for more than a century has churned out Russia’s most-recognizable brand of butter was scheduled to be auctioned in mid-February, the latest target to raise cash for the budget. But after locals, activists and lawmakers held rallies and petitioned President Vladimir Putin and other […]

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TRANSCRIPT: [Putin at] Meeting with French business community representatives

Kremlin and River

(Kremlin.ru – May 25, 2016) Vladimir Putin met at the Kremlin with French business community representatives. President of Russia Vladimir Putin: Colleagues, friends, Let me welcome you all to Moscow. It is a great pleasure to meet the members of the Economic Council of the Franco-Russian Chamber of Commerce and Industry. France is without a doubt one of our longstanding […]

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Interfax: Foreign investors believe in Russia’s prospects despite sanctions – Shuvalov

Igor Shuvalov file photo

(Interfax – May 22, 2016) Foreign investors believe in the prospects of Russian economy and are setting up their productions here, Russian First Deputy Prime Minister Igor Shuvalov said in the Sunday Evening with Vladimir Solovyev show on Rossiya 1 (VGTRK) television on May 22. “If you take a look at how many new plants are opening now [in the […]

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Is neoliberalism applicable to Russia? A response to Ilya Matveev; Attempts to call the Putin regime “neoliberal” get one fundamental thing wrong: capitalism doesn’t exist in Russia.

Cash, Calculator, Pen

(opendemocracy.net – Anastasiya Ovsyannikova – May 20, 2016) Anastasiya Ovsyannikova is an economist and journalist. She has worked for F5 and Cityboom.ru, as well as Moscow’s Sakharov Center. oDR recently published an article by Ilya Matveev, “Russia, Inc”, which positioned neoliberalism as an organic part of the Putin regime. The intense discussion that followed brings us back to two central […]

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TRANSCRIPT: [Excerpts: Medvedev at] The 6th St Petersburg International Legal Forum

Dmitri Medvedev file photo

(Government.ru – May 18, 2016) Dmitry Medvedev attended a plenary session titled Trust in Law – Mechanism for Global Crisis Resolution. The St Petersburg International Legal Forum was launched in 2011 and is a major platform for dialogue between politicians, lawyers, economists and scientists who represent various economic and legal systems. The forum seeks to promote ways to modernise the […]

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Russia eyes $12.6 billion windfall from privatization of state companies

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

In 2016 the government intends to sell a part of the shares in its large raw commodity companies. The buyers can be foreign investors, but on certain conditions. It has already been announced that shares in Russia’s largest diamond mining company, Alrosa, will be sold through the Moscow Stock Exchange. (Russia Beyond the Headlines – rbth.ru – ANNA KUCHMA, RBTH […]

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TRANSCRIPT: [Putin at] Meeting of the Commission for Monitoring Targeted Socioeconomic Development Indicators

Kremlin and River

(Kremlin.ru – May 16, 2016) The meeting discussed the state of progress in implementing the instructions set out in the presidential executive orders of May 2012. The agenda included, in particular, issues pertaining to staffing the healthcare system with qualified personnel, development of supplementary education for children, and raising the quality of public services, including in the housing and utilities […]

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TRANSCRIPT: [Putin] State Council meeting on construction sector and urban planning development

Kremlin and Saint Basil's File Photo

(Kremlin.ru – May 17, 2016) Vladimir Putin chaired a meeting of the State Council in the Kremlin on developing the construction sector and improving urban planning. The meeting agenda included measures to develop the construction sector, including by implementing investment projects, introducing new technology, harmonising construction legislation and applying public-private partnership mechanisms. President of Russia Vladimir Putin: Good afternoon, colleagues, […]

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Hedge Funds Reap Big Rewards From Roller-Coaster Russian Markets

File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Bloomberg – bloomberg.com – Elena Popina – May 15, 2016) Russian assets, which are among the most volatile in the world, are bringing hedge fund managers the best returns in emerging markets. Funds with a geographical focus on the country have gained an average 29 percent since the start of 2015, more than any others geared toward major developing nations, […]

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Russia Ratifies International Agreement on Financial Information Exchange

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Moscow Times – themoscowtimes.com – May 12, 2016) Russia has signed an international agreement on the exchange of financial information, state news agency TASS reported Thursday. The head of Russia’s Federal Taxation Service (FNS) Mikhail Mishustin said that Russia will join the global system of data exchange between tax authorities in different countries in 2018. “This will allow us to […]

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Russian Consumer Confidence Falls to Historic Lows

File Photo of Older Russian Woman Shopping in Grocery Store

(Moscow Times – themoscowtimes.com – April 30, 2016) Consumer confidence in Russia fell to 63 points in the first quarter of this year on Nielsen’s Consumer Confidence Index, the lowest level since records began in 2005, the Kommersant newspaper reported Friday. In the same period last year, the index stood at 72 points, the newspaper reported. According to Nielsen, a […]

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RBTH: Polls: Corporate corruption in Russia falls to U.S. level

Cropped File Photo of Two Men in Business Suits Shaking Hands and Passing Cash

Russian companies have recorded a drop in the number of kickbacks and bribes in their sectors, a study by Ernst & Young has revealed. According to the survey, corporate corruption in Russia has dropped so much that it is now on a par with the U.S. A similar conclusion has been reached by experts from PwC. (Russia Beyond the Headlines […]

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Atomic energy and political power in Russia

Nuclear Plant File Photo

In Russia, the space for environmental activism and advocacy is changing under increasing state pressure. An interview with one of Russia’s leading ecological organisations about the prospects for anti-nuclear activism today. (opendemocracy.net – EDITORS OF OPENDEMOCRACY RUSSIA, VLADIMIR SLIVYAK, NAILYA IBRAGIMOVA – April 25, 2016) In the coming days, much of the coverage of the Chernobyl disaster in Russia is […]

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Interfax: Business confidence rises in Russian extractive, manufacturing sectors

Diverse Paper Currency, Coins, Line Graph

MOSCOW. April 26 (Interfax) – The business confidence index in the Russian extractive industry grew for the third straight month in April, while the index in the manufacturing sector also grew, the Federal State Statistics Service (Rosstat) said. The business confidence index in the Russian extractive sector improved to minus (-) 2% in April, from -3% in March, -4% in […]

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Same Level of Corruption Recorded in Russian, U.S. Businesses – Survey

Hand Pulling Cash from Envelope

(Moscow Times – themoscowtimes.com – April 23, 2016) Thirty-four percent of respondents in Russia and and the United States agree that bribery and corruption are widespread in their country, a survey by multinational financial services company EY reported. The survey results show business professionals in both countries agreed that corruption in business was widespread in their respective nations. EY – […]

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Barred From Hundreds Of Occupations In Russia, A Few Women Fight Back

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

(RFE/RL – rferl.org – Tom Balmforth – MOSCOW, April 17, 2016) Svetlana Medvedeva cannot rise to the top of her chosen profession for a very simple reason — she is a woman. The ambition of the 30-year-old mother of two is to earn a much better wage as the captain of a boat on the Volga River, which runs through […]

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Ford Mulls New Russia Investment as Quarterly Sales Jump 93%

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Andrey Lemeshko, Yuliya Fedorinova – April 14, 2016) Ford Motor Co., which spent more than $1.5 billion with a partner in the past five years to build cars and engine factories in Russia, is studying new investments in the country in a bet on economic recovery. The national car market could still become Europe’s biggest, and […]

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Government incomes: Abyzov pulls into first place in 2015

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

MOSCOW. April 15 (Interfax) – Open Government Affairs Minister Mikhail Abyzov, the only member of the government on the Forbes list of billionaires, pulled ahead of other members of the government in terms of income last year, thanks to a near doubling of his own earnings and a decline for his main competitor, Alexander Khloponin. Abyzov and his wife had […]

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The pitchforks are coming; Farm workers in the depths of southern Russia are hardly a protest constituency, but corruption and corporate raids have pushed them to the brink. They may even take their grievances to Moscow – by tractor.

Russia Regions Map

(opendemocracy.net – Svetlana Bolotnikova – April 7, 2016) Svetlana Bolotnikova is a Russian journalist and correspondent for KavPolit, an online publication specialising in political developments in the Caucasus. Aleksei Volchenko, 37, is a farmer in Kalininsky district, in the Kuban area of southern Russia. There are no large cities or towns here, just stanitsy, Cossack villages. Residents either work their […]

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The Soviet Adventures Of Steve Jobs

Mac Computer file photo

(RFE/RL – rferl.org – Carl Schreck – April 1, 2016) In the summer of 1985, a young commercial attache at the U.S. Embassy in Moscow sat down with two representatives of the California computer company Apple who were visiting the heart of the Soviet empire. One was an “older guy,” the attache, Mike Merin, recalls. The other was “this lanky, […]

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TRANSCRIPT: [Putin at] Meeting with Government members

Diverse Paper Currency, Coins, Line Graph

(Kremlin.ru – March 30, 2016) Vladimir Putin held a meeting with Government members. The subjects on the agenda included priority draft laws to improve the business climate. The meeting participants also examined the transition to new procedures for payment of property tax based on cadastral value. President of Russia Vladimir Putin: Colleagues, Today, we will hear from the Economic Development […]

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Trump’s New Russia Adviser Has Deep Ties to Kremlin’s Gazprom

Donald Trump

Carter Page brings a “real-world” resume-and says his close relations with Russian business are a strength. (Bloomberg – bloomberg.com – Zachary Mider – March 30, 2016) A globe-trotting American investment banker who’s built a career on deals with Russia and its state-run gas company, Carter Page says his business has suffered directly from the U.S. economic sanctions imposed after Russia’s […]

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