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 […]

» Read more

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 […]

» Read more

Kennan Cable No.24: Russian Foreign Policy in the Arctic: Balancing Cooperation and Competition

Arctic Map

(Kennan Institute – wilsoncenter.org/program/kennan-institute – Stacy R. Closson, Assistant Professor, Patterson School of Diplomacy and International Commerce, University of Kentucky – June 26, 2017) Introduction The Arctic region presents a particularly interesting case study of Russian foreign policy. In a time when Russia is showing renewed aggression on three fronts – the Baltic Sea region, Syria, and Ukraine – and meddling in […]

» Read more

Behind Brave Face on Sanctions, Russia Is Already Adjusting

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Olga Tanas – June 23, 2017) They are only discussed. They may not even be implemented. But the new sanctions under consideration in the U.S. Congress have already become a factor the Bank of Russia can’t ignore. While Governor Elvira Nabiullina dismissed sanctions as having little impact on Russia, the looming threat of wider measures was […]

» Read more

Unemployment ranges from 1.5% in Moscow to 27.2% in Ingushetia – Rosstat

Russian Migrant Workers file photo

MOSCOW. June 23 (Interfax) – Russian unemployment in May continued to vary widely by federal district, when the highest rate 3.4 times greater than the lowest, and by region, where the highest was 18 times greater than the lowest, Rosstat reported. Unemployment declined to 5.2% in May from 5.3% in April, 5.4% in March and 5.6% in February and January. […]

» Read more

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 […]

» Read more

Russians Aren’t Blowing Bigger Wages in Boon to Central Bank

Cash, Calculator, Pen

(Bloomberg – bloomberg.com – Olga Tanas – June 21, 2017) There’s less than meets the eye to Russia’s consumer recovery. While real wages grew at the same pace of 3.7 percent in April and May, the most in over three years, retail sales only crawled just above zero after a record 27 months of contraction. The Bank of Russia expects […]

» Read more

Rosatom: Climate’s new best friend; As Russia’s economic crisis continues to hit budgets, the country’s state nuclear corporation is going green to raise funds on the international level.

Russian Nuclear Power Plant

(opendemocracy.net – Vladimir Slivyak – June 21, 2017) Vladimir Slivyak is the co-chair of the Russian environmental NGO Ecodefense and has been taking part in UN climate change talks since 1995. The recent St Petersburg International Economic Forum was widely covered by the Russian media, partly because of the eye-catching debates in which president Vladimir Putin himself took part. In […]

» Read more

Are Russia And The Saudis Planning A Natural Gas Cartel?

Gas Flame file photo

(Oilprice.com – Cyril Widdershoven – June 18, 2017) The fledgling production cut strategy of OPEC (Saudi Arabia) and non-OPEC (Russia and the FSU) shows that a new strategy is needed to counter the ongoing doubts in the markets. At the same time, Russia and Saudi continue to give indications of a possible OPEC 2.0 scenario, in which a possible Russian […]

» Read more

NEWSWATCH: “Russia has not touched its reserves funds this year, but it will. Russia’s gross international reserves have been growing.” – Intellinews/ Ben Aris

Diverse Paper Currency, Coins, Line Graph

“Thanks to higher than expected oil prices Russia has not had to touch its rainy day reserves funds so far this year to prop up budget spending. But the ministry of finance says it will have to dip into them in the second half of this year and expects to at least exhaust the $16.5bn National Reserve Fund. …” Click […]

» Read more

Punishing Putin Mostly Means Punishing His Foes; Washington wants more sanctions. But they would further strangle a pro-democracy movement on life support.

Kremlin and River

(Bloomberg – bloomberg.com – Leonid Bershidsky – June 12, 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. After being surprised by broad-based protests in late March, the Russian authorities were ready to prevent a repeat on Monday. Police detained hundreds across the country […]

» Read more

Russia Just Past Crisis, But Already Up Against Growth Limit

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Olga Tanas – June 5 2017) The debate two years ago at President Vladimir Putin’s annual investment showcase in St. Petersburg centered on the direction Russia would take as it moved past the turbulence of oil’s collapse. This time the consensus is that the economy is running aground. Halfway through what’s likely to be the first […]

» Read more

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. …”

» Read more

NEWSLINK: “Vladimir Putin defends Russian economy as reform debate grows. Bullish predictions abound amid debate among advisers” – Financial Times

Cash, Calculator, Pen

“Russian president Vladimir Putin delivered a robust defence of Russia’s struggling economy … as a fierce debate rages among his advisers over the pace and direction of reforms ahead of next year’s elections. … Putin, who is expected to run for a fourth term, said that after two years of recession Russia was entering a “new phase of growth” and forecast that inflation would dip […]

» Read more

Russian ex-finance minister says no plans to rejoin government

Alexei Kudrin file photo

(Interfax – June 2, 2017) Russia’s former Finance Minister Alexei Kudrin has said he has no plans to rejoin the government. Kudrin, a widely respected liberal economist who now heads the Centre for Strategic Research (CSR), made his comments at the St Petersburg Economic Forum on 2 June, privately-owned Russian news agency Interfax reported that day. “I’m an expert right […]

» Read more

NEWSWATCH: “Russia Says Still Likely to Back Paris Climate Deal Despite U.S. Withdrawal” – Reuters

Arkady Dvorkovich file photo

“… #Russia has signed the Paris climate pact but is the biggest emitter of global greenhouse gases not to have yet ratified it. Russian officials have said they need more time to assess its potential impact on their economy and have spoken of drafting a strategy for low-carbon development, fuelling fears among green campaigners Moscow may not ratify the agreement. […]

» Read more

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. …”

» Read more

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 […]

» Read more

NEWSLINK: “How the Trump administration’s secret efforts to ease Russia sanctions fell short” – Yahoo News/ Michael Isikoff

State Department Building and U.S. Flag

“In the early weeks of the Trump administration, former Obama administration officials and State Department staffers fought an intense, behind-the-scenes battle to head off efforts by incoming officials to normalize relations with Russia, according to multiple sources familiar with the events. …”

» Read more

TRANSCRIPT: [Putin at] Meeting with heads of international news agencies

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

(Kremlin.ru – June 1, 2017) Vladimir Putin began his work at the St Petersburg International Economic Forum by meeting with the heads of international news agencies. Taking part in the meeting were President of EFE (Spain) Jose Antonio Vera, Editor-in-Chief of PTI (India) Vijay Joshi, Vice President of Kyodo News (Japan) Juno Kondo, General Director of DPA (Germany) Peter Kropsch, […]

» Read more

NEWSWATCH: “Beyond the Recession, More Problems Await Russia” – Strafor

Diverse Paper Currency, Coins, Line Graph

“As the Russian economy slowly pulls out of recession, low oil prices will keep it stagnant for years to come. Nonetheless, the recovery, and the return of foreign investment, will alleviate some of the Kremlin’s concerns about the economic sanctions against it.  The Russian government, meanwhile, will grow increasingly worried about the people’s economic hardships as gubernatorial and presidential elections approach. […]

» Read more

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. …”

» Read more

VIDEO NEWSWATCH: “U.S. shale, trade and sanctions worry Russian Finance minister as economy gets back on track” – CNBC/ Geoff Cutmore, Alexandra Gibbs

Anton Siluanov file photo

[Scroll down for embedded video] “… Following last week’s decision by oil producers to extend output cuts by nine months to March 2018, Siluanov told CNBC that OPEC’s decisions would give opportunity [sic] for prices to stay at present levels, but that both producers and the ministry had to be on alert for any market changes. …” ‘On the one […]

» Read more

A New Threat to the Kremlin: Russians’ Incomes Not Keeping Pace with Their Expectations

Diverse Paper Currency, Coins, Line Graph

(Paul Goble – Window on Eurasia – Staunton, May 25, 2017) In every federal district except the Far East, Russians say they need more money for “a normal life” than their current incomes, a situation that reflects stagnating wages and salaries and rising prices and one, the editors of Nezavisimaya Gazeta say, that represents an increasingly serious political threat to […]

» Read more

NEWSLINK: “Best To Assume Russia Sanctions Last Forever” – Forbes/ Kenneth Rapoza

Truck at Russian Border Crossing

“… the G-20 meeting this June … will be the first time [Trump and Putin] meet, and that could give us the official, presidential word on sanctions. …”

» Read more

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 […]

» Read more

NEWSWATCH: “Russia Rallies: 1.3% GDP Growth, $55 Oil, World Bank Says; The Russian ruble is strengthening today on solid economic growth targets from the World Bank” – Barrons/ Dimitra DeFotis

World Bank Building

“Russia’s economy can expand at a 1.3% pace in 2017 and by 1.4% in 2018 and 2019, the World Bank said …. The ruble is strengthening … up 0.7% against the U.S. dollar, and Russian equities are rallying in Moscow. The VanEck Vectors Russia exchange-traded fund (RSX) is higher by 0.5% … as are the U.S.-traded shares of Sberbank Rossia (SBRCY). Moody’s […]

» Read more

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 […]

» Read more

IMF Sees Russian Economy Moving Out Of Recession, Inflation Slowing

Diverse Paper Currency, Coins, Line Graph

(©2017 RFE/RL, Inc. Article also appeared at rferl.org/a/russia-imf-ecomomy-recession/28498056.html – May 19, 2017) The International Monetary Fund said Russia’s economy will rebound this year after a two-year recession and inflation should slow to the central bank’s target amid diminished short-term risks from volatile oil prices and financial markets. Russia’s economy should expand 1.4 percent this year, the Washington-based IMF said on May […]

» Read more

NEWSWATCH: “Russia’s economy is recovering well” – CNN

Diverse Paper Currency, Coins, Line Graph

“[Russia] is recovering nicely from a recession and should see economic growth of 1.4% this year, according to [the IMF] … Russia is heavily dependent on oil exports and was hit hard when crude prices started to crash in 2014. Economic sanctions imposed by Western governments as punishment for Russia taking control of Ukraine’s Crimea region dealt the economy another blow. […]

» Read more

TRANSCRIPT: [Putin] Replies to journalists’ questions (transcript continued)

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

(Kremlin.ru – May 15, 2017) Vladimir Putin answered media questions following a working visit to the People’s Republic of China. Question: Mr President, an international cyberattack was reported on May 12. It hit targets in 150 countries, including agencies, banks and companies in Russia. How much has this attack harmed Russia and the world in general? What can be done […]

» Read more

RUSSIALINK: “A CHINESE SILK NOOSE” – Valdai Club/ Georgy Toloraya

Asia Map

“… In response to the Chinese initiative, Russia advanced an even more ambitious project of a Greater Eurasian Partnership … incorporate[ing] the Eurasian Economic Union (EAEU), the Shanghai Cooperation Organization (SCO) and even the Association of Southeast Asian Nations (ASEAN). … However, Russia lacks the resources and integration ties with the numerous countries of the Euro-Pacific space for implementing this ambitious […]

» Read more

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 […]

» Read more

Interfax: EBRD financials “masking” negative trends, creating risk of rating downgrade, recapitalization – Oreshkin

Diverse Paper Currency, Coins, Line Graph

NICOSIA. May 10 (Interfax) – The financials of the European Bank for Reconstruction and Development (EBRD), while formally showing positive figures, are “masking” a number of negative trends and management assumptions, and continuing the current approach to the EBRD’s activities could lead to a downgrade of its ratings and the need for recapitalization, Russian Economic Development Minister Maxim Oreshkin said […]

» Read more

Half of Russians Consider Themselves To Be Poor, Study Finds

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – May 4, 2017) Half of Russians believe that they are poor – even though under 15 percent officially qualify as impoverished, a new study has concluded. Researchers at Russia’s Higher School of Economics found that 50.4 percent of Russians think that they are living in poverty. That number is three times higher than the actual […]

» Read more

The Economic Plan for Putin’s Next Term Is Already Set; Former Finance Minister Alexei Kudrin claims he knows how to boost economic growth. But analysts are skeptical.

Alexei Kudrin file photo

(Moscow Times – themoscowtimes.com – Mikhail Fishman – May 4, 2017) When Vladimir Putin inevitably prevails in the March 2018 presidential elections, he is expected to have a readymade plan for improving Russia’s economy. This month, former Finance Minister Alexei Kudrin will unveil a new “Strategy for Modernizing the Economy and Social Institutions” in a meeting with President Putin. The […]

» Read more

TRANSCRIPT: [Putin at] Joint meeting of the State Council and the Commission for Monitoring Targeted Socioeconomic Development Indicators

Russia Regions Map

(Kremlin.ru – May 4, 2017) Vladimir Putin chaired a joint meeting of the State Council and the Commission for Monitoring Targeted Socioeconomic Development Indicators in the Kremlin. The agenda focused on three main sets of issues: Provision of state and municipal services through the network of multifunctional centres, independent evaluation of social sector service quality, and relocating people from dilapidated […]

» Read more

Pavel Koshkin: “Why the revival of the commodity market is not good for the Kremlin”

Oil Well file photo

Subject: Why the revival of the commodity market is not good for the Kremlin Date: Tue, 2 May 2017 From: Pavel Koshkin <pkoshkin.russia.direct@gmail.com> Title: Why the revival of the commodity market is not good for the #Kremlin Pavel Koshkin is a contributor for Forbes-#Russia magazine and the deputy editor of International Desk at RBC Daily, a Russian independent newspaper. He […]

» Read more

Russians Remain Too Atomized and Lacking in Empathy to Make a Revolution, Kirillova Says

File Photo of Revolutionaries Marching in Moscow in 1917, adapted from image at state.gov

(Paul Goble – Window on Eurasia – Staunton, May 2, 2017) Many nations facing the difficulties #Russians now are would #revolutionary change [sic], but Russians are unlikely to do so, Kseniya Kirillova says, because they remain far too atomized and far too lacking in empathy to look beyond their immediate personal problems and identify with the problems of others. The […]

» Read more

Ten Percent Decline in Number of Births in Russia over Last Year Frightens Economists

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

(Paul Goble – Window on Eurasia – Staunton, April 29, 2017) Just before the May holidays, Russia’s state statistical agency released figures on births, deaths and marriages that Moscow may hope no one will notice because they are so bad; but Russian economists have sounded the alarm that the population decline they point to may make impossible for the Russian […]

» Read more

Behind the Russian mirror; For Russia’s media, social inequality has never been a hot topic. Meet the people behind a new media organisation trying put injustice on Russia’s political agenda.

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

(opendemocracy.net – Maxim Edwards – April 15, 2017) Maxim Edwards is Commissioning Editor at oDR. He writes on nationalism, migration, minorities and memory, with a focus on post-Soviet countries. His articles have appeared in Al-Jazeera, Al Monitor, Souciant and the Forward among other publications. Read the latest in our ongoing Unlikely Media series. As part of this series, oDR profiles […]

» Read more

CALL FOR PROPOSALS: Aleksanteri Conference 2017 “Russia’s Choices for 2030”, University of Helsinki, Finland, 25-27 October 2017

File Photo of the Aleksanteri Institute, University of Helsinki, adapted from an image at the Wikimedia Creative Commons, attributed to John Welsh/Welshentag, with conditions on reuse, declaring "This file is licensed under the Creative Commons Attribution-Share Alike 2.0 Generic license. You are free: to share – to copy, distribute and transmit the work to remix – to adapt the work Under the following conditions: attribution – You must attribute the work in the manner specified by the author or licensor (but not in any way that suggests that they endorse you or your use of the work). share alike – If you alter, transform, or build upon this work, you may distribute the resulting work only under the same or similar license to this one."

From: Korteniemi, Eeva L [eeva.korteniemi@helsinki.fi] Sent: Friday, April 28, 2017 Subject: Call for proposals: Aleksanteri Conference2017 “Russia’s Choices for 2030”, University of Helsinki, Finland, 25-27 October 2017 Call for paper, panel, and roundtable proposals 17th Annual Aleksanteri Conference RUSSIA’S CHOICES FOR 2030 Time and venue: 25-27 October 2017, University of Helsinki, Finland Organiser: Aleksanteri Institute, University of Helsinki and Finnish […]

» Read more

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 […]

» Read more

RUSSIALINK RBTH: “Informal economy in Russia grows to record levels. The informal economy is being helped by economic decline, on the one hand, and the growth of technologies and Internet-markets for work and part-time work, on the other.”

Russian Migrant Workers file photo

“In 2016, employment in the informal sector of Russia’s economy set a record level for the last 10 years, reports Rosstat, the Russian Statistics Agency (the information was published (in Russian) by the RBC business daily in mid-April).  Rosstat believes that the informal employment category consists of those people who work in enterprises that are not registered as a legal entity, that […]

» Read more

TRANSCRIPT: [Putin at] Meeting with Minister of Labour and Social Protection Maxim Topilin

Kremlin and River

(Kremlin.ru – April 26, 2017) Vladimir Putin held a working meeting with Minister of Labour and Social Protection Maxim Topilin. President of Russia Vladimir Putin: Mr Topilin, I would like to discuss with you not only current social policy issues but also the upcoming trends that we will definitely encounter due to a number of objective circumstances. We are certainly […]

» Read more

TRANSCRIPT: [Putin at] Meeting with Government members

Aerial View of Kremlin and Environs

(Kremlin.ru – April 26, 2017) Vladimir Putin held a meeting with Government members to discuss import substitution in industry and agriculture. Other subjects of discussion included preparations for children’s summer holidays, work on the draft law on responsible treatment of animals, and the programme to build or reconstruct village cultural centres. President of Russia Vladimir Putin: Good afternoon colleagues. Today, […]

» Read more

NEWSLINK: “Russia and the “Resource Curse”: When the Kremlin’s Policy is Counterproductive for the Economy” – Carnegie Moscow Center/Forbes.ru/ ANDREY MOVCHAN, PAVEL KOSHKIN)

Oil Well file photo

“How can Russia overcome the “resource curse”? What countries should be an example for Moscow? What consequences can the Russian flawed economic policy lead to? Why could the authorities’ attempts to save their power by any means be dangerous for economic growth? Andrey Movchan, the director of the Economic Policy Pogram at the Carnegie Moscow Center, sheds light on these […]

» Read more

NEWSLINK: “Russia and the “Resource Curse”: When the Kremlin’s Policy is Counterproductive for the Economy” – Carnegie Moscow Center/ Forbes.ru/ ANDREY MOVCHAN, PAVEL KOSHKIN)

Oil Well file photo

“How can Russia overcome the ‘resource curse’? What countries should be an example for Moscow? What consequences can the Russian flawed economic policy lead to? Why could the authorities’ attempts to save their power by any means be dangerous for economic growth? Andrey Movchan, the director of the Economic Policy Pogram at the Carnegie Moscow Center, sheds light on these […]

» Read more

NEWSLINK: “Unequal Russia: is anger stirring in the global capital of inequality?” – The Guardian (UK)  

Cash, Calculator, Pen

“With the richest 10% owning 87% of all the country’s wealth, Russia is rated the most unequal of the world’s major economies. Amid falling oil prices and a wave of protests, Shaun Walker asks how Russians really feel about life’s inequalities. …”

» Read more
1 2 3 48