JRL NEWSWATCH: “Turkey Shifts Toward Russia as Sanctions Sour U.S. Relations; Foreign ministers slam Western sanctions, as Erdogan plans boycott of U.S. electronic goods” – Wall Street Journal/David Gauthier-Villars

Turkey and Environs Satellite Image

“… Erdogan … stepped up his attacks on the U.S. … Tuesday, calling for a boycott of Apple … iPhones and other U.S. electronic goods … his foreign minister joined his Russian counterpart … criticizing Western sanctions. Turkey, a longtime [NATO] ally, has been caught between the West and Russia. This week, officials in Ankara were leaning decidedly toward Moscow. […]

» Read more

Moscow has Made ‘Unforgivable Mistake’ of Setting West against Russia for the Long Term, Shevtsova Says

File Photo of G7 Leaders and other Officials Around Round Table at the Hague, with Flags

(Paul Goble – Window on Eurasia – Staunton, August 15, 2018) The Russian regime has made “the unforgivable mistake” of acting against the West in ways that have made Russia a key part of the domestic politics of the U.S. and European countries and guaranteed that the West will continue its sanctions regime against Moscow for a long time to […]

» Read more

RUSSIALINK: “The Russian Sanctions Bill Proposed by Congress, Explained” – Moscow Times

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

The latest U.S. sanctions bill announced earlier this month was published on the website of Congress on Tuesday and includes sweeping restrictions on investment in new Russian sovereign debt and bank operations. [congress.gov/bill/115th-congress/senate-bill/3336/text?r=12#toc-id10F125618FBE42A2826B31DE3B988FE0] News of the bill sent the ruble tumbling to two-year lows and sparked a wider asset sell-off. Less than a month after the first Russian-U.S. presidential summit […]

» Read more

JRL NEWSWATCH: “Russia to increase oil production to new record highs in 2019” – bne Intellinews

File Photo of Rosneft and Russian Flags Next to Rosneft Banner

“… [According to OPEC,] Russian oil production has increased recently to a record 11.2mn barrels a day …. Russian state-owned oil producer Rosneft has already earned more profit in the first quarter of this year than in all of 2017 … ma[king] it the most valuable company in the country. The Russia’s energy ministry has raised its forecast for oil […]

» Read more

NEWSLINK: “How Bill Browder Became Russia’s Most Wanted Man; The hedge-fund manager has offered a fable for why the West should confront Putin” – The New Yorker/Joshua Yaffa

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

“… In 2009, Browder’s tax adviser Sergei Magnitsky testified that the Russian police and tax authorities had attempted to steal two hundred and thirty million dollars in Russian taxes paid by Browder’s Moscow-based investment firm, Hermitage Capital. Magnitsky was arrested, and died in a pretrial detention center in Moscow. In the years that followed, Browder strenuously lobbied for a law […]

» Read more

JRL NEWSWATCH: “The Administration Gets Tough on Russia – Despite Trump; The president holds chummy meetings with Vladimir Putin, while his administration imposes new sanctions.” – New York Times Editorial

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

“… [N]ew sanctions imposed on Russia … [feature] a ban on export of anything with a potential military use, announced by the State Department …. Putin’s Russia is asking for punishment when his agents use a chemical weapon against a double agent, brazenly meddle in Western elections, cheat in international sports, ruthlessly ravage Ukrainian territory or violate human rights. … […]

» Read more

RUSSIALINK: “Experts discuss Russian responses to new U.S. sanctions” – Bear Market Brief

State Department Building and U.S. Flag

“… On Friday, PM Dmitry Medvedev called potential new US sanctions ‘economic war,’ noting that Russia must respond with economic, political, and if necessary, other methods. Today, Russian … [commentators] discuss Moscow’s options. …”

» Read more

JRL NEWSWATCH: “In Russia, the Corporate Raiders Are Often Cops; Companies face harassment from law-enforcement officials, according to business owners, lawyers and activists” – Wall Street Journal/James Marson, Thomas Grove

File Photo of Judge and Clerk in Russian Court, with Russian Flag Behind Bench

“… Russian companies routinely face harassment from law-enforcement officials seeking to extort money or expropriate businesses, according to business owners, lawyers and activists. One in six Russian business owners is facing criminal prosecution, according to [a Kremlin-launched agency]. …  Putin’s authoritarian rule relies on security officials and political heavyweights who use their authority not only to squash political opponents but […]

» Read more

RUSSIALINK: “Russia Can Weather Any New U.S. Sanctions, Says Moody’s” – Moscow Times

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – August 7, 2018) Russia will be able to weather new sanctions from the United States following a series of steps it took to reduce its vulnerability to future penalties, said Moody’s analyst Kristin Lindow. The U.S. levied sanctions against businesses held by Kremlin-linked oligarchs in April as punishment for alleged interference in the 2016 presidential […]

» Read more

Not So United: Russia’s Ruling Party Rattled By Pension-Reform Crisis

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

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Yelizaveta Mayetnaya, Robert Coalson – August 5, 2018 [Text with links and graphics: rferl.org/a/not-so-united-russia-ruling-party-rattled-by-pension-reform-crisis/29413547.html] Speaking to a riled-up crowd at a July 28 protest against the Russian government’s deeply unpopular proposal to raise retirement ages in Vologda, angry pensioner Nikolai Zharavin didn’t mince words as to who was to […]

» Read more

JRL NEWSWATCH: “Russians ready to protest pension reform, ratings of ruling United Russia drop” – bne Intellinews

File Photo of Putin Sitting at Desk, Looking Down, Writing, During Call-In Show, adapted from screenshot of video at kremlin.ru

“… discontent over controversial pension reform … keeps on snowballing … the readiness of Russians for mass protests over economic policies has risen from a record low to top 40% for the first time since 2009 …. approval indicators for the government have fallen across the board. Putin’s … personal popularity … underpin[g] the stability of the Russian political system, […]

» Read more

RUSSLIALINK TRANSCRIPT: “[Putin] News conference following BRICS summit” – KremlinRu

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

(Kremlin.ru – July 27, 2018 – en.kremlin.ru/events/president/transcripts/58119) Vladimir Putin made a statement for the press and answered questions from Russian media following a two-day BRICS summit in Johannesburg, South Africa. President of Russia Vladimir Putin: Good afternoon. I would like to brief you on what we did during these two days and on the results of our work. First of […]

» Read more

There is No “Reform” in Russia’s Recent “Pension Reform” Bill | Interview with Evgeny Gontmakher

Cash, Calculator, Pen

(PONARS Eurasia – Maria Lipman, Evgeny Gontmakher – July 26, 2018) [Text of interview here ponarseurasia.org/article/there-no-reform-russias-recent-pension-reform-bill-interview-evgeny-gontmakher] Maria Lipman speaks with Evgeny Gontmacher about the political and socioeconomic implications of raising the retirement age. Gontmacher is the deputy director responsible for social policy projects and recommendations at Aleksei Kudrin’s Committee of Civil Initiatives. Over 1992-2003, he held positions as Head of […]

» Read more

RUSSIALINK: “7 Key Bills of the Russian Duma’s Spring Session” – Moscow Times

Russian State Duma Building file photo

(Moscow Times – themoscowtimes.com – July 27, 2018) Friday marks the last day of the Russian State Duma’s spring session, in which lawmakers in the lower house of parliament considered a total of 900 bills, of which 343 bills were passed. Here is a list of the most resonant bills that lawmakers approved in the spring session. Counter-sanctions The Kremlin […]

» Read more

RUSSIALINK TRANSCRIPT: “[Putin] Remarks at an expanded BRICS Summit meeting” – KremlinRu

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

(Kremlin.ru – July 26, 2018) President of Russia Vladimir Putin: Mr President Ramaphosa, Friends, President Xi Jinping, President Temer, Prime Minister Modi, Colleagues, Meeting in a narrow format, we have just noted – and I would like to recall this now again at the beginning – that during these days we are jointly marking the 100th birth anniversary of South […]

» Read more

Elisabeth Schimpfossl: “New book: Rich Russians (OUP 2018)”

Hand Pulling Cash from Envelope

Subject: New book: Rich Russians (OUP 2018) Date: Wed, 25 Jul 2018 From: Schimpfossl, Elisabeth <e.schimpfossl@aston.ac.uk> Would there be a chance to announce the UK launch of my book (26 July) on your mailing list? Rich Russians: From Oligarchs to Bourgeoisie (published by Oxford University Press) The first book to examine the legitimacy, social lives, lifestyles, ideologies, and families of […]

» Read more

Demography Being Abused in Russian Pension Age Debate, Vishnevsky Says

File Photo of Crowd in Russia Including Person Waving Russian Flag with Eagle

(Paul Goble – Window on Eurasia – Staunton, July 22, 2018) Both supporters and opponents of the Russian government’s plan to raise retirement ages frequently invoke demographic statistics; but all too often, Anatoly Vishnevsky of Moscow’s Higher School of Economics, they use these figures incorrectly and thus make it more difficult for Russia to solve some of its problems. In […]

» Read more

RUSSIALINK: “BRICS leaders to discuss expansion at summit in S. Africa – Kremlin aide” – Interfax

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

MOSCOW. July 24 (Interfax) – The leaders of the BRICS member states will discuss the prospects of this association’s expansion but will not make a decision on the matter at the upcoming summit in South Africa, Kremlin aide Yury Ushakov said. “The BRICS leaders will meet on July 27 to consider the association’s development and address strategic partnership priorities,” Ushakov […]

» Read more

RUSSIALINK: “Large Russian Companies Are Turning Inward; The mobile operator Megafon’s plan to delist in London is the latest sign that the West is becoming inhospitable” – Leonid Bershidsky/Bloomberg

Hand Pulling Cash from Envelope

“The planned delisting of Megafon PJSC, Russia’s second-biggest mobile operator, from the London Stock Exchange is no ordinary event. The company is one of the most liquid Russian stocks trading overseas, and its exit is further evidence that the country’s businesses are turning inward as exposure to the West becomes increasingly problematic. In 2011, almost 70 Russian companies’ depositary receipts […]

» Read more

JRL NEWSWATCH: “Russian Communists push for a national referendum against raising the retirement age” – Meduza

Arm and Torso of Person in Brown Sweater Placing Paper Ballot into Ballot Box

“Russia’s Central Election Commission has received a notice from the Communist Party about possibly holding a national referendum on raising the country’s retirement age …. [asking] ‘Do you agree that the age in the Russian Federation at which citizens are entitled to old-age social insurance should not increase?’ … the State Duma [has] passed the first reading of draft legislation […]

» Read more

RUSSIALINK TRANSCRIPT: “[Putin] Conversation with 2018 FIFA World Cup volunteers. [Excerpt re: Pension Reform]; During his visit to the Kaliningrad Stadium, Vladimir Putin met with 2018 FIFA World Cup volunteers” – KremlinRu

Cash, Calculator, Pen

(Kremlin.ru – July 20, 2018) * * * Question: Mr President, can I ask you a question not related to sports? Yesterday the State Duma adopted amendments to pension legislation in the first reading. Of course, you monitor the Government’s proposals. It is very important for us to know your opinion on this issue. Remark: Galina, I do not think […]

» Read more

NEWSLINK: “What’s Russia’s average pension? How much money will the government save by raising the retirement age? The surprising numbers behind Russian pension reform” – Meduza

Cash, Calculator, Pen

“… $209 is Russia’s average monthly pension, according to the Pension Fund’s January 2018 records … 31.4% of Russians are pensioners. That’s 46 million people ….”  

» Read more

NEWSWATCH: “Pension reform” – BMB Russia/Aaron Schwartzbaum

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

“… Russian authorities have been dithering on the pension system literally for year. … [R]egardless of the character of a loss of benefits, pension reform is exactly that: a loss of benefits. … [T[here is another center-periphery dynamic at play …. The average life expectancy has … increased on average … predominantly [for] … middle-class or wealthy urban dwellers. The […]

» Read more

JRL NEWSWATCH: “Russia’s Achilles heel: Putin still falling short on master plan for aging oil economy” CNBC/Ashleigh Garrison, Kelly Song

Diverse Paper Currency, Coins, Line Graph

Russian President Vladimir Putin has displayed geopolitical intelligence and military strength, but he falls short when it comes to mastering the Russian economy. The Russian market is still largely dependent on rising oil prices and the lack of innovation is a major economic weakness. GDP is growing, but slowly, and critical foreign investment remains low due to Putin’s provocations and […]

» Read more

RUSSIALINK TRANSCRIPT: “[Putin at] Moscow Urban Forum Megacity of the Future: New Space for Living” – KremlinRu

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

(Kremlin.ru – July 18, 2018 – en.kremlin.ru/events/president/transcripts/58026) Vladimir Putin spoke at the 8th Moscow Urban Forum Megacity of the Future: New Space for Living, held in Moscow’s Zaryadye Park from July 17 to 22. The Moscow Urban Forum is a major international congress devoted to the development of global spaces and megacities. The platform brings together representatives of Russian and […]

» Read more

RUSSIALINK: “Civil Solidarity’s request to authorize rally against pension age increase in Sokolniki on Wednesday approved” – Interfax

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

MOSCOW. July 18 (Interfax) – The administration of the park Sokolniki has approved a request made by the movement Civil Solidarity to authorize a public event on the territory intended for a ‘hyde park’ on July 18. The topic of the event is “Rally against Pension Age Increase,” the culture establishment said on its official portal. The rally will have […]

» Read more

Governors Back Moscow’s Pension Plan but Seek Exemptions for Their Own People

Russia Regions Map

(Paul Goble – Window on Eurasia – Staunton, July 16, 2018) Caught between the demands of the Kremlin which decides whether they will be in office and the opposing views of their populations that could make their time there easy or difficult, Russia’s governors are simultaneously telling Moscow they support the pension plan but asking it to exempt their own […]

» Read more

JRL NEWSWATCH: “Russian pundit says migration policy needs to be ‘more open'” – Izvestia/Sergei Ryazantsev

Russian Migrant Workers file photo

In Izvestia, Sergei Ryazantsev argues: “… The United Nations rates [Russia] third after the United States and Germany in terms of number of immigrants. … in 2015 … the US population born overseas amounted to 46.6m; 12m went to Germany, 11.6m to Russia. Uzbeks, Tajiks, Kyrgyz, Armenians, Azerbaijanis, and representatives of other republics of the former USSR began to come […]

» Read more

Pension Fight Highlights Russia’s Fundamental Problem – Its Government, Gontmakher Says

Cash, Calculator, Pen

(Paul Goble – Window on Eurasia – Staunton, July 10, 2018) The fight over Moscow’s proposal to raise the pension age highlights the fact that Russia’s “main problem is a state [which] doesn’t fulfill its functions of serving” the people. Instead, it acts like an enormous corporation that collects rents and doesn’t distribute them in an effective way, economist Yevgeny […]

» Read more

RUSSIALINK: “Pension age should be increased in smooth, differentiated fashion – Moskalkova” – Interfax

File Photo of Elders Walking in Russia

MOSCOW. July 11 (Interfax) – The pension age in Russia should not be increased for everyone simultaneously, but for every category of pensioners separately, Russian Human Rights Commissioner Tatyana Moskalkova said. “It seems to me it would be premature to approach all categories of citizens directly in this way, at least bearing in mind the monitoring we have conducted. We […]

» Read more

RUSSIALINK: “Russia’s Rating Agency Says More Sanctions Are Key Economic Risk” – Moscow Times

Truck at Russian Border Crossing

(Moscow Times – themoscowtimes.com – July 10, 2017) The possibility of more Western sanctions against Moscow is the key risk for the Russian economy, as much of 21 percent of which has already felt the impact of existing sanctions, Russia’s Analytical Credit Ratings Agency said in a report on Tuesday. Western sanctions are expected to weigh on Russia’s oil-dependent economy […]

» Read more

Russia’s Finance Ministry Warns Of Another Price Collapse

Oil Well file photo

(Oilprice.com – Irina Slav – July 9, 2018 – oilprice.com/Energy/Energy-General/Russias-Finance-Ministry-Warns-Of-Another-Price-Collapse.html) If prices remain at their current level, another collapse could be around the corner, the Russian Finance Ministry has warned in a report, cited by Sputnik. According to the report, the long-term equilibrium price level for crude oil is currently around US$50-60 a barrel, but actual prices are substantially higher […]

» Read more

RUSSIALINK: “Pensions in Russia to keep growing after 2024 – Labor Ministry” – Interfax

Diverse Paper Currency, Coins, Line Graph

MOSCOW. July 9 (Interfax) – Pensions will continue to grow after 2024, but the Labor Ministry is not ready to say at what rate. “We are now calculating everything through 2024, although the calculations undoubtedly cover future periods. We’ll see, it will depend on how we can achieve the current tasks. Without a doubt, we are working on the assumption […]

» Read more

JRL NEWSWATCH: “The real World Cup losers: The Russian people” – Washington Post/Frank A. Guridy, Tinatin Japaridze

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

“… Putin’s bet that the World Cup will produce a win for his government is a big gamble. The global political climate of 2018 is very different than the environment that existed when Russia was awarded the World Cup eight years ago, or even four years ago when Russia invaded Ukraine and annexed the Crimean Peninsula after hosting the 2014 […]

» Read more

JRL NEWSWATCH: “Russian Authorities Prepare to Soften Pension Reform-Sources” – Reuters

Cash, Calculator, Pen

“[Sources claim that] Russian authorities are considering ways to soften a plan to raise the pension age … following protests and a slide in … Putin’s popularity ratings. The government announced its plan last month to raise the retirement age for men to 65 from 60 and for women to 63 from 55 to ease pressure on state coffers from […]

» Read more

JRL NEWSWATCH: “Putin sees ‘positive trends’ in Russian economy” – AFP

Diverse Paper Currency, Coins, Line Graph

“… Wages in Russia have fallen for four consecutive years as the Russian economy reeled from a crash in oil prices in 2014, along with international sanctions imposed over … Ukraine.  Putin’s approval ratings slumped by a record 14 percentage points according to a state pollster following a government proposal to raise the state pension age to 65 for men […]

» Read more

RUSSIALINK: “Almost 90% of Russians oppose raising retirement age – poll” – Interfax

Diverse Paper Currency, Coins, Line Graph

MOSCOW. July 5 (Interfax) – An overwhelming majority of Russians disapprove of raising the retirement age and believe that the current age is optimal for both men and women, the Levada Analytical Center said in a statement obtained by Interfax on Thursday. Eighty-nine percent of respondents said they do not want to postpone their retirement. The current retirement age for […]

» Read more

U.S. And Russia To Dominate World’s Oil & Gas Pipeline Spending

Gas Flame file photo

(Oilprice.com – Tsvetana Paraskova – June 28, 2018) The U.S. shale boom and the massive Russian expansion of natural gas pipelines will make the United States and Russia the dominant spenders on oil, petroleum products, and natural gas pipelines through 2022, data and analytics company GlobalData says in a new report. The other big spenders between 2018 and 2022 will […]

» Read more

Russians Rally Against ‘Cannibalistic’ Pension Reform

Cash, Calculator, Pen

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – July 1, 2018 – also appeared at rferl.org/a/russians-rally-against-retirement-age-increase/29330242.html) Thousands of people have taken to the streets across Russia to protest against the government’s plan to raise the retirement age. Labor unions, political parties, and opposition politician Aleksei Navalny had called on Russians to demonstrate on July 1 against a bill […]

» Read more

JRL NEWSWATCH: “Daily says Russian leaders’ ratings drop as they announce pension reform; Yelena Mukhametshina and Olga Churakova: President and premier’s ratings go back to what they were several years ago. Effective discussion of pension reform could halt decline in authorities’ popularity” – Vedomosti

File Photo of Dmitry Medvedev and Vladimir Putin with Heads Bowed Over Microphone

Vedomosti reports declining reported polling numbers for Russian President Vladimir Putin and Prime Minister Dmitry Medvedev, following announcements of pension reform. According to polling numbers published June 22, 2018, FOM [Public Opinion Foundation] indicates: Putin’s electoral rating fell from 62% to 54% in one week those trusting Putin fell from 75% to 67% Putin performance approval ratings fell from 75% […]

» Read more

JRL NEWSWATCH: “Unions want to negotiate with the Duma on pension reform” – Bear Market Brief E-Mail Newsletter

Russian State Duma Building file photo

“The Federation of Independent Trade Unions of Russia announced yesterday that they want an increase in the pension age to be part of a ‘package’ of labor market reforms … [such as] raising wages and reinforcing the social safety net …. FITUR is, according to Kommersant’s sources, an entrenched part of the All-Russian People’s Front, a coalition led by United […]

» Read more

World Cup May Have Helped Russia But It hasn’t Boosted Putin

File Photo of Putin Sitting at Desk, Looking Down, Writing, During Call-In Show, adapted from screenshot of video at kremlin.ru

(Paul Goble – Window on Eurasia – Staunton, June 24, 2018) Many commentators in both Russia and the West have suggested that the World Cup has helped Russia to overcome much of the opprobrium it has suffered as a result of its invasion of Ukraine, its meddling in elections in Western countries and in general its disruptive behavior. And it […]

» Read more

JRL NEWSWATCH: “Russia-Saudi Plans for Super-OPEC Could Reshape Global Oil Order” – Bloomberg/Will Kennedy, Elena Mazneva, Wael Mahdi

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

“… the group overseeing the so-called OPEC+ deal met last night [with] proceedings … dominated by … Saudi Arabia and Russia. … probably a snapshot of the oil market’s future.  Beyond … this week’s diplomatic efforts to agree to an increase in oil production, the more significant longer-term development may be moves to make Russia’s role in managing global supply […]

» Read more

As World Watches Russia, Opposition Seeks To Score With Pension Protests

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

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Carl Schreck – June 20, 2018) – also appeared at rferl.org/a/russia-world-cup-russia-opposition-pension-protests/29306847.html) As World Cup fever mounts in Russia, opponents of a government plan to raise the retirement age find themselves jostling for political position, with a handful of protests announced against the proposed measure set to coincide with soccer’s centerpiece […]

» Read more

JRL NEWSWATCH: “Is Vladimir Putin’s Russia in decline? We figured out how to measure ‘national power.'” – Washington Post/Simon Saradzhyan, Nabi Abdullaev

Kremlin and Saint Basil's File Photo

“… Overall, here’s what we found. The claims of Russia’s imminent demise seem unfounded – all but one model showed that Russia’s power vis-a-vis the world as a whole has grown in the 21st century. And all our models showed that Russia’s power has risen vis-a-vis Western nations.  In absolute terms, all four methods showed Russia’s power to be less […]

» Read more

RUSSIALINK: “Live Longer, Work Longer, Says Russian Government; But the plan to raise the pension age won’t go down well with most Russians” – Moscow Times

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – June 18, 2018) A long-shelved plan to raise the pension age risks coming up against a wall of protest, as Russians of all ages cling to their Soviet-era social privileges. Compared to many Western countries, Russians retire early: men at 60 and women at 55. Those who operate heavy machinery or work in difficult conditions […]

» Read more

JRL NEWSWATCH: “In World Cup’s Shadow, Layoffs and Anger at Russian Factory” – AP/New York Times

Large Mother Russia Statue Near Volgograd

“[At] Volgograd’s … Red October steelworks … many … were temporarily laid off because of the World Cup. … aggravat[ing] troubles at the struggling factory, prompting angry workers to plan a protest timed for the … World Cup …. Authorities are apparently trying to head off trouble through pressure and promises of cash. Welcome to the daily realities of … […]

» Read more

JRL NEWSWATCH: “Authorities begin process of raising retirement age” – Bear Market Brief E-Mail Newsletter

File Photo of Elders Walking in Russia

“… the [Russian] government may submit a draft bill to the Duma to raise the retirement age. … suggest[ing] the strictest variant: 65 years for men, 63 years for women. … likely follow[ing] MinFin’s proposal of increasing the retirement age by one year annually. …  Several key decisions … What to do with those who qualify for early retirement … […]

» Read more

Russia’s Oil Sector Is Facing A Massive Tax Overhaul

Oil Well file photo

(Oilprice.com – Irina Slav – June 11, 2018) A major tax overhaul in Russia’s oil industry is about to start pressuring the earnings of major oil companies. Refiners will be hit hardest as the overhaul will increase the tax burden on downstream operations while the upstream sector will see taxes shift from production-based to profit-based. Last week, the Finance and […]

» Read more

JRL NEWSWATCH: “Putin says he’s making Russia great again. In reality, it’s crumbling; The country has been bolstered by European disunity but that obscures a multitude of ills” – The Spectator (UK)/Owen Matthews

Kremlin and River

“[Despite the World Cup and] … patriotic hype over grand multi-billion dollar infrastructure projects like a new bridge to Crimea and shiny stadiums, Russia is crumbling. … [Russia’s own statistics indicate] 68,100 schools in 2000; 41,100 now. … 10,700 hospitals [when Putin took power, now reduced to] 5,400. … living space declared unfit for habitation has more than doubled … […]

» Read more
1 2 3 54