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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NEWSWATCH: “Back to the land: Russia’s farming transformation; Can government policy and a new foodie class turn the country into an agricultural force?” – Financial Times/ Kathrin Hille

File Photo of U.S. Dairy Cows

“… With 123 million hectares in arable land – the world’s third-largest area behind only India and the U.S. – Russia has the potential to be an agricultural superpower. The country has 36,400 agricultural enterprises and 174,600 farmers, according to the 2016 agricultural census. … although the broader economy has been in the grip of recession over the past two […]

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NEWSLINK: “Russia Wants Innovation, but It’s Arresting Its Innovators” – New York Times/ Andrew Higgins

Skolkovo File Photo

“… The troubles of Mr. Trubitsyn, however, may help explain why such a breakthrough has proved so elusive: The Russian state, which Mr. Putin has made the main vehicle for his plans for the nation’s resurgence, often stifles growth. A bureaucracy empowered by a steady erosion of democratic checks and balances can often smother new ideas. Grand state-directed projects to […]

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The Stunning Story of Russian Minister Ulyukayev’s Arrest for Bribery, Explained

Alexei Ulyukayev file photo

(Moscow Times – themoscowtimes.com – August 8, 2017) Alexei Ulyukayev, the first serving Russian minister to be arrested since the fall of the Soviet Union, will appear in court on Tuesday, after being accused of soliciting a bribe from the country’s largest oil company. The former Economic Development Minister has been under house arrest since his detention in the dead […]

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NEWSWATCH: “Why New U.S. Sanctions Could Be a Ticking Time Bomb for Investors in Russia” – Moscow Times/ Elisabeth Braw, Nabi Abdullaev

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

“The 755 staff forced to leave the U.S. embassy by … Putin may seem to have little to do with private companies wishing to invest in Russia. But in reality, they’re closely linked. … international companies planning to invest in Russia or already doing business there now face more uncertainty. And six months from now, a ticking bomb wrapped in […]

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Bill on multi-million fines for slander on social networks may pass State Duma in fall – Isayev

Russian State Duma Building file photo

IZHEVSK. July 26 (Interfax) – The State Duma will debate bills introducing increased fines for the dissemination of illegal content and slander on social networking sites in the fall session, Andrei Isayev, first deputy head of the United Russia faction on legislative activities, said. “At the beginning of the fall session, they [the authors of legislative initiatives] will insist on […]

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Interfax: Defense finish reviewing evidence in Browder, Cherkasov dossier

File Photo of William Browder Seated at Table with Microphone as Woman Listens, with Image Watermark Saying Presented by Library of Congress with U.S. House of Representatives Seal, adapted from image at house.gov

MOSCOW. July 22 (Interfax) – The materials concerning Hermitage Capital Management co-founder William Browder and his business partner Ivan Cherkasov were sent for approval to the Russian Prosecutor General’s Office, the defense lawyer Alexander Antipov said on Thursday. “The defense finished reviewing the case files, currently, the dossier has been sent to the Prosecutor General’s Office but I don’t think […]

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Muscovites Hesitant to Protest Housing Demolition Scheme, Poll Finds

Aerial View of Moscow From Beyond Stadium, file photo

(Moscow Times – themoscowtimes.com – July 24, 2017) Only one-third of Muscovites who voted against a controversial housing demolition program would participate in protests against the scheme, according to a poll published by independent pollster the Levada Center. The poll, conducted at the request of the RBC news outlet, revealed that 34 percent of those living in apartment blocks who […]

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Russian government extends counter-sanctions till end of 2018

EU Map

MOSCOW. July 5 (Interfax) – Russian Prime Minister Dmitry Medvedev has signed a resolution extending the ban on imports of certain types of agricultural products, raw materials and food, the governmental website said in a report on Wednesday. “The ban on imports of certain types of agricultural products, raw materials and food originating from the United States, EU member countries, […]

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Bondholder’s Dream Beckons as ‘Japanification’ Sweeps Russia

Central Bank of Russia file photo

(Bloomberg – bloomberg.com – June 28, 2017 – Anna Andrianova) From the bondholder’s perspective, Russia has a lot in common with Japan and Italy. That’s a good thing, mostly. An aging population more prone to saving, combined with a “strongly conservative” economy, offer the best mix for fixed-income investors, according to Renaissance Capital. While poor demographics will haunt Russia’s growth […]

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TRANSCRIPT: [Putin at] Meeting of the bureau of the Russian Engineering Union and the League for Assisting Defence Enterprises of Russia

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

(Kremlin.ru – June 27, 2017) Vladimir Putin took part in a meeting of the bureau of the Russian Engineering Union and the League for Assisting Defence Enterprises of Russia. During a meeting on the development of machine building and the military industrial complex at the Kalashnikov Concern. President of Russia Vladimir Putin: Good afternoon. It is a pleasure to welcome […]

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TRANSCRIPT: [Putin at] Meeting with Government members

Russia Map

(Kremlin.ru – June 22, 2017) Vladimir Putin held a meeting with Government members on measures to protect the rights of people involved in shared-equity construction projects and on defining the legal status of self-employed individuals. President of Russia Vladimir Putin: Good afternoon colleagues. Today, we are here to discuss several issues. I would like to start with several matters that […]

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NEWSLINK: “Russian entrepreneurs wish you’d stop worrying about Putin and start thinking about them” – Washington Post/ David Filipov

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

“… With European governments grappling over whether and how Russian hackers might be attacking their electoral systems, and Washington torn asunder over the question of possible collusion between the Kremlin and members of President Trump’s campaign and administration, the forum presented journalists with a chance to go face to face with Moscow’s principal players. …”

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RUSSIALINK: “Igor Shuvalov: Future of Russia Lies in Consolidation and Progress” – Valdai/ Igor Shuvalov

Igor Shuvalov file photo

“The wealth of Russia is based not only on securing the needs of the domestic market, but primarily on the openness, Igor Shuvalov told journalists at the St. Petersburg International Economic Forum. …”

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TRANSCRIPT: [Putin at] Meeting with RDIF International Advisory Board members and investment community representatives

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

(Kremlin.ru – June 1, 2017) Vladimir Putin met with members of the Russian Direct Investment Fund (RDIF) International Advisory Board and representatives of the international investment community. President of Russia Vladimir Putin: Good afternoon friends, ladies and gentlemen, I would like to thank you for coming to Russia and meeting together in St Petersburg again. I must say that many […]

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NEWSLINK: “U.S. Companies To Talk Business With Putin In St. Petersburg” – Forbes/ Nabi Abdullaev

Cash, Calculator, Pen

“After several years of low attendance, during which the Obama administration actively discouraged US businesses from participating in the St. Petersburg International Economic Forum (SPIEF), Russia’s largest international business gala, this year sees the return of American companies in sufficient numbers to run a separate U.S.-Russia roundtable for the first time in the forum’s history. …”

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NEWSLINK: “‘Do you know what memes are?’ Billionaire Alisher Usmanov’s lawsuit against opposition leader Alexey Navalny goes to trial” – Meduza

Alisher Usmanov file photo

“On Tuesday, May 30, a Moscow court convened to consider the merits of a defamation lawsuit brought by billionaire businessman Alisher Usmanov against opposition politician Alexey Navalny and his Anti-Corruption Foundation (FBK). Usmanov is demanding that Navalny retract multiple accusations he made in a recent investigation into corruption allegedly involving Prime Minister Dmitry Medvedev, as well as allegations Navalny has […]

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NEWSWATCH: “Navigating the Complexities of Doing Business in Russia” – Harvard Business Review/ Mark McNamee

Men Sitting Around Long Oval Boardroom Table, File Photo of FIFA Officials Meeting with Vladmir Putin

… Most firms we work with feel a sense of powerlessness to handle the changing conditions in Russia. But  … there are ways that they can manage the uncertainty. … First, companies should pinpoint exactly what elements of their operations are most vulnerable to abrupt changes in foreign policy relations. … [and] think through the types of political and macroeconomic […]

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

Boris Titov file photo

(Kremlin.ru – May 26, 2017) Commissioner for Entrepreneurs’ Rights Boris Titov presented his annual report to the President. President of Russia Vladimir Putin: Good afternoon, Mr Titov. Have you brought your annual report? Commissioner for Entrepreneurs’ Rights Boris Titov: Yes, Mr President. Time flies. We are completing the first five-year period in our work. Five years ago, you made a […]

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NEWSLINK: “2017 Global 2000: These Are The Largest Companies In Russia” – Forbes

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

“… Aside from boasting hefty ownership stakes from the Russian government, Gazprom and Sberbank are also the number-one and -two companies in country. Gazprom, which holds the world’s largest natural gas reserves ranked #40 on the overall Global 2000, up from #53 in 2016. The jump in ranking came in part because of the company’s profit, which surged from $4.9 […]

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Thousands Protest In Moscow Against Plan To Raze Soviet-Era Housing

Moscow Aerial View Satellite Image File Photo, adapted from image at jpl.nasa.gov

(RFE/RL – Tom Balmforth – May 14, 2017 – ©2017 RFE/RL, Inc. Article also appeared at rferl.org/a/russia-moscow-protests-demolition-krushchev-era-housing/28487244.html) MOSCOW — Thousands of people have taken to the streets of Moscow to protest the proposed demolitions of Soviet-era housing blocks in the Russian capital. The May 14 protest, held on a wide central Moscow street named after Soviet dissident Andrei Sakharov, marked […]

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NEWSWATCH: “Despite Sanctions, Russia’s Oil Industry Powers On” – Wall Street Journal/ Bradley Olson, Jay Solomon

Oil Well file photo

“Exxon Mobil … is suffering from sanctions on Russia. The same can’t be said for other big Western energy companies, or for Russia’s oil production. … sanctions, put in place by the U.S. and European Union in 2014 after Russia’s annexation of the Crimea region of Ukraine, were meant to limit Russia’s pursuit of new technology for extracting more crude oil […]

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NEWSLINK: “ExxonMobil Just Challenged Trump to Get Serious With Russia Policy” – Fortune/ Richard Nephew, Colin Rowat

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

“Earlier this month, news leaked that ExxonMobil was pushing the Treasury Department to grant it a sanctions waiver, which would allow the company to resume its joint venture Black Sea drilling operations with Russian oil giant Rosneft. The Treasury Department has since denied the waiver application, as waivers are granted for humanitarian and policy reasons, not for business reasons—which was […]

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RUSSIALINK RBTH: “Why does ExxonMobil need Russia’s Arctic region? Even though the price of extracting oil in the Arctic is very expensive, ExxonMobil still wants to strengthen its position in the Russian market.”

Arctic Map

“The U.S. Government will not give the green light to oil major ExxonMobil Corporation and other American companies that seek to drill in areas covered by U.S. sanctions against Russia, Treasury Secretary Steven Mnuchin said on April 21. …”

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TRANSCRIPT: [Medvedev:] Government report on its performance in 2016. (transcript continued)

Dmitri Medvedev file photo

(Government.ru – April 19, 2017) State Duma of the Federal Assembly, Moscow Excerpts from the transcript: Dmitry Medvedev: Already in the fourth quarter of 2016, the economy showed a small increase of 0.3 percent. As of late 2016, we had a major slowdown in the decline of GDP compared to a fall of almost 3 percent in 2015. Such figures […]

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TRANSCRIPT: [Putin at] State Council Presidium meeting on national consumer rights protection system

Kremlin and River

(Kremlin.ru – April 18, 2017) Vladimir Putin chaired a State Council Presidium meeting on the national consumer rights protection system. At a State Council Presidium meeting on national consumer rights protection system. Meeting participants discussed the effectiveness of the national consumer rights protection system and the state consumer rights protection strategy to 2030. President of Russia Vladimir Putin: Good afternoon, […]

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Usmanov denies Navalny’s allegation of illegal transfer of mansion, land to SotsGosProyekt Foundation

Alisher Usmanov file photo

MOSCOW. April 12 (Interfax) – USM Holdings founder Alisher Usmanov says he transferred a plot of land and a mansion to the SotsGosProyekt Foundation in exchange for another plot of land for his sister. “My sister, Gulbakhor Burkhanova, […] wanted to live near me after the death of our parents. […] [Foundation head Ilya] Yeliseyev told me about Foundation projects […]

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Trump Lacks Room to Move on Sanctions on Russia, Economists Say

File Photo of White House with South Lawn and Fountain

(Bloomberg – bloomberg.com – Andre Tartar, Anna Andrianova – April 3, 2017) What a difference three months can make. Donald Trump dropped enough hints during the campaign and in the run-up to his inauguration as U.S. president to turn most economists into believers in an imminent easing of sanctions imposed against Russia over the crisis in Ukraine. But as scandals […]

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NEWSLINK: “Russia’s March manufacturing PMI continues its strongest expansion since 2011” – bne Intellinews

Diverse Paper Currency, Coins, Line Graph

“Russian manufacturing continues its strongest expansion since 2011 in March with the Markit PMI score of 52.4, almost the same as the previous month’s 52.5, while positive sentiment amongst Russian manufacturers reached a 22-month high. …”

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Russia Can Wait for $70 Oil Before Re-Entering Arctic Waters

Arctic Map

(Bloomberg – bloomberg.com – Elena Mazneva, Dina Khrennikova – March 29, 2017) Russia can wait for a sustained recovery in oil prices before drilling again in Arctic waters, relying for now on less costly regions even as rival producer Norway accelerates development of its northerly fields. “We estimate production costs for the Russian Arctic offshore in the range of $70 […]

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TRANSCRIPT: [Putin] Meeting on Arctic region’s comprehensive development

Map of Arctic Highlighting Permafrost, adapted from image at nasa.gov

(Kremlin.ru – March 29, 2017) In the course of his trip to Alexandra Land in the Franz Josef Archipelago Vladimir Putin held a meeting on the comprehensive development of the Arctic region. Prime Minister Dmitry Medvedev, Minister of Natural Resources and the Environment Sergei Donskoy, Defence Minister Sergei Shoigu, and Special Presidential Representative for Nature Protection, the Environment, and Transport […]

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NEWSWATCH: “Oil is the cause of Russia’s outsized corruption problem” – bne Intellinews/Ben Aris

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

“#Russia was wracked by protests over the weekend when an estimated 60,000 people took to the street in more than 80 cities large and small to decry rampant corruption. Russia does have an outsized corruption problem and its #oil wealth is to blame.  … the Russian government has identified corruption as probably the biggest drag on growth and has launched a […]

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Why the Comey Hearing Was Frightening to a Russian

Gas Facility file photo

(Bloomberg – bloomberg.com – Leonid Bershidsky – March 21, 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. Monday’s hearing on Russia’s alleged interference in the U.S. presidential election and the alleged contacts between Donald Trump’s campaign and the Kremlin yielded inspiring news for […]

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RUSSIALINK RBTH: “Why Russia does not want to join OPEC; Russia sees oil club as a competitor, though they share tactical interests”

Oil Well file photo

(Russia Beyond the Headlines – rbth.ru – MARIA KUTUZOVA, SPECIAL TO RBTH) Russia is not considering joining OPEC, Russia’s Energy Minister Alexander Novak has told a U.S. conference. Speaking during the CERAWeek Oil Conference in Houston, Texas early March Novak added: “But our cooperation with the oil exporting countries has proven to be necessary and useful.” He has often spoken […]

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TRANSCRIPT: [Putin at] Plenary session of Congress of Russian Union of Industrialists and Entrepreneurs

Cash, Calculator, Pen

(Kremlin.ru – March 16, 2017) Vladimir Putin addressed a plenary session of the Congress of the Russian Union of Industrialists and Entrepreneurs. The congress is being held as part of the X Russian Business Week (RBW) on March 13-17, hosted by the Russian Union of Industrialists and Entrepreneurs. The RBW participants coordinate proposals on key areas of interaction between the […]

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NEWSLINK: “Russian corporate governance comes in from the ‘Caveman era'” – bne Intellinews/Jason Corcoran

“Russia’s new corporate governance code … in place for two years, is being increasingly adhered to, according to market participants. Other reforms undertaken by the Moscow Exchange – as well as an increase in domestic liquidity – is accelerating the trend for more companies to list in the Russian capital rather than in London. …” [featured image is file photo, […]

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The Russian Billionaires on Bloomberg’s Rich List; Only a select few of Russia’s oligarchs make it to the top of the world’s rich lists.

Hand Pulling Cash from Envelope

(Moscow Times – themoscowtimes.com – Katie Davies – March 6, 2017) Russia is home to droves of millionaires, business owners and oligarchs: but only a select few make it to the top of the world’s rich lists. Just eight Russian businessmen have made it into the top 100 of Bloomberg’s Billionaire Index. Together, they boast an estimated net worth of […]

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NEWSWATCH: “Russia pushes to rid itself of ‘Potemkin’ banks by 2019” – Reuters/Alexander Winning, Andrey Ostroukh

“Russia plans to extend a review of bank licenses for another two years, shutting down scores more banks after closing hundreds in the past four years, mostly for committing fraud or other crimes …. Vasily Pozdyshev, a deputy governor at Russia’s central bank, says … his team is still finding more propping up criminal activity and would need until 2019 …. […]

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TRANSCRIPT: [Putin at] Meeting with Deputy Prime Minister Alexander Khloponin

Siberian River, Forest, Mountain

(Kremlin.ru – March 3, 2017) Vladimir Putin met with Deputy Prime Minister Alexander Khloponin to discuss the Year of the Environment in Russia, including ways to reduce emissions and the adverse impact on the environment, to introduce best available technologies, and to protect rare animals. President of Russia Vladimir Putin: Mr Khloponin, the Year of the Environment is underway in […]

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NEWSWATCH: “The fate of Russian stocks hinges on politics and oil” – CNBC/Rebecca Ungarino

File Photo of Outdoor Electronic Sign with Russian Exchange Data

“… The Moscow composite index is down nearly 8 percent year to date, underperforming the U.S. by nearly 15 percent as optimism around the possibility of the removal of trade sanctions against Russia fades. And crude oil, which weighs heavily on the Russian economy, has traded in a narrow range so far this year, offering no help to Russian stocks. […]

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Moscow Court Overturns Fine for Independent Russian News Outlet RBC

Igor Sechin file photo

(Moscow Times – themoscowtimes.com – March 1, 2017) A Moscow court has overturned the decision to fine independent Russian news outlet RBC for libelling oligarch and Putin ally Igor Sechin. An RBC report published in April 2016 claimed that Sechin, the CEO of Russian oil giant Rosneft, had asked Russian President Vladimir Putin to block the company’s minority stakeholder from […]

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NEWSLINK: “Russian IPO wave on the way” – bne/Intellinews

Cash, Calculator, Pen

“A wave of Russian IPO could be gathering momentum out to sea after iconic toy store Detsky Mir placed its €333mn IPO earlier this month. Russia’s equity market has come back to life with about $1.9bn worth of securities issued in just the last three months. …”

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Russia’s Largest Oilfield May Be About to Gush Cash Once Again

Oil Well file photo

(Bloomberg – bloomberg.com – Stephen Bierman, Andrey Biryukov – February 15, 2017) #Russia’s largest #oil field, so far past its prime that it now pumps almost 20 times more water than crude, could be on the verge of gushing profits again for #Rosneft PJSC. Samotlor, the 25 billion-barrel giant that bankrolled the Soviet Union for decades, would be the biggest […]

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Brazil, Russia Get Top Marks in Emerging Market Survey

File Photo of Flags of BRICS Nations and BRICS Logo from Past Summit

(Bloomberg – bloomberg.com – Yumi Teso, Lilian Karunungan – February 12, 2017) [Charts here https://www.bloomberg.com/news/articles/2017-02-12/brazil-russia-favored-in-emerging-market-survey-china-dodged] Combine the prospects for interest-rate cuts with their higher carry-trade returns and two countries stand out as the best bets this year in emerging markets: Brazil and Russia. In a survey of 16 investors and analysts conducted Jan. 23 to Feb. 1, the nations’ bonds […]

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NEWSWATCH: “With court ruling, Kremlin moves to block political biggest threat: Navalny. The ruling reinstating a guilty verdict for anticorruption blogger Alexei Navalny effectively rules him out of next year’s presidential race. But it may help him remain a viable Kremlin opponent.” – Christian Science Monitor/Fred Weir

Kremlin and River

“The legal odyssey of Russia’s best-known opposition leader, anti-corruption blogger Alexei Navalny, has been mindbogglingly complicated, full of twists and turns. … with a simple and totally predictable political result. … a regional court’s ruling … upheld … Navalny’s embezzlement conviction and handed him a five-year suspended sentence … [making it] almost impossible for him to run against … Putin […]

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How Does Conflict of Interest Translate Into Russian? It Doesn’t.

Yury Chaika file photo

(Moscow Times – themoscowtimes.com – Irina Skrynnik – February 9, 2017) Russia’s Prosecutor General Yury Chaika gave his first detailed comments on the business owned by his eldest son, Artyom, and his younger son, Igor, in an interview last week. “Don’t you think it’s a delicate situation when a father – meaning you – serves on a high government post […]

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Putin’s Tough Choice: China Or The West

Eurasia Map

(Oilprice.com – Robert Berke – February 3, 2017) To many observers, the appointment of Tillerson to the helm the State Dept signaled the Administration’s priority of supporting the oil industry, which in recent years has been under severe pressure from OPEC’s campaign of over-production that forced prices down to a post-recession low. Seen from a different angle, the move also […]

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Russian Government Named Biggest Threat to Competitive Economy

Men Sitting Around Long Oval Boardroom Table, File Photo of FIFA Officials Meeting with Vladmir Putin

(Moscow Times – themoscowtimes.com – February 8, 2017) Russia’s Federal Antimonopoly Service (FAS) has named the state the biggest threat to healthy competition in the Russian economy. The agency is now asking President Vladimir Putin to sign a presidential decree reducing the government’s role in key economic sectors over the next two years, the Vedomosti newspaper reported Wednesday. The decree […]

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