JRL NEWSWATCH: “Russian-Saudi Oil Cooperation Won’t Last; They say they will cut production. But it’s in the interests of both big oil producers to pump as much as they can.” – Bloomberg/Leonid Bershidsky

Oil Well file photo

“There’s a nasty undercurrent to the surprisingly strong Saudi-Russian oil alliance behind the upcoming oil production cuts …. Saudi Crown Prince Mohammed bin Salman may high-five … Putin in public, but … expect[s] that Russia will disappear from the oil market …. Eventually … the two big exporters may not be interested in production-cutting deals as they square off for […]

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World Bank: Russia Can Withstand Oil Price Volatility In 2019

World Bank Building

(Oilprice.com – Julianne Geiger – December 4, 2018) Russia is well-positioned to withstand external shocks, The World Bank said today in its most recent version of Russia Economic Report, cited by TASS. Oil prices are expected to average $71 per barrel over the next three years, the report also said, with the caveat that there is still “considerable uncertainty” to […]

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RUSSIALINK: “Medvedev: Pension Reform Was Hardest Decision of the Past Decade” – Moscow Times

Dmitri Medvedev file photo

(Moscow Times – themoscowtimes.com – December 6, 2018) Russia’s prime minister on Thursday said that this summer’s decision to raise the retirement age was the hardest the authorities have had to make in the past 10 years. Dmitry Medvedev, who became prime minister in 2012 and served as Russia’s president for a four-year term starting in 2008, announced plans to raise […]

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JRL NEWSWATCH: “Every fifth Russian worker earns less than $250 per month” – bne Intellinews

Cash, Calculator, Pen

“Every fifth Russian worker earns less than RUB15,000 ($250) per month, according to … a study by the RIA Rating agency [cited by] … RIA Novosti …. Over 33% of people living in 22 regions earn less than this amount, according to the survey. [The worst were] Dagestan … (46%) … [and the] Karachay-Cherkess Republic (44%). In six regions, two […]

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RUSSIALINK: “PMI in Russian manufacturing climbs to 52.6 in Nov, highest since July 2017 – IHS Markit” – Interfax

Diverse Paper Currency, Coins, Line Graph

MOSCOW. Dec 3 (Interfax) – The Purchasing Managers’ Index (PMI) for Russia’s manufacturing sector rose to 52.6 points in November from 51.3 points in October, IHS Markit research shows. The November PMI points to the biggest improvement in the business situation in Russia’s manufacturing sector since July 2017. Index readings above 50.0 points indicate growth in business activity, while those […]

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Russia Outmaneuvers U.S. LNG

Gas Flame file photo

(Oilprice.com – Nick Cunningham – November 28, 2018) For years, boosters of U.S. LNG have trumpeted the fact that gas exports from the Gulf of Mexico could break Russia’s grip on the European energy market. That has yet to be the case, and in fact, Russia has managed to respond with various strategies to maintain its market share on the […]

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JRL NEWSWATCH: “Kudrin renews push for tough policy talk” – Bear Market Brief

Alexei Kudrin file photo

“… Kudrin, went on record with RBK ahead of today’s ‘Russia Calling’ economic forum, asserting that in the last decade Russia has experienced economic stagnation unseen since the Second World War. He appears to be continuing his search for a public, honest discussion of foreign policy. … … annualized GDP growth at 1% over the last ten years … predat[ing] […]

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RUSSIALINK TRANSCRIPT: “Russia Calling! Investment Forum (excerpt/with Q&A)” – KremlinRu

Kremlin and Saint Basil's File Photo

(Kremlin.ru – November 28, 2018) [Full text en.kremlin.ru/events/president/transcripts/59216] Vladimir Putin took part in the annual Russia Calling! Investment Forum hosted by VTB Capital. The plenary session is entitled “Building Partnerships. Bridging Differences.” Russia Calling! Forum is a leading platform for drawing capital to the Russian economy, improving the investment climate and promoting the country’s international economic and business ties. President […]

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RUSSIALINK: “What Drives the Russian State; To understand what makes Putin and his allies act the way they do, you need to look beyond the myths” – New York Times/ Alexander Baunov/ Carnegie Moscow

Map of Commonwealth of Independent States, European Portion

“Since … Putin came to power … analysis of Russia … has largely focused on two interpretations …. The first argues that Russia is a mafia state in which the main aim of the ruling elite is to steal money at home to conceal and spend abroad. The second states that Mr. Putin is a hostage of his own popularity […]

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Nearly Two-Thirds of Russians Say Putin Responsible for Problems in Their Country, Levada Center Poll Says

Putin Descending a Staircase

(Paul Goble – Window on Eurasia – Staunton, November 22, 2018) Sixty-one percent of Russians polled by the Levada Center say that Vladimir Putin is responsible for the problems Russia now faces, up from 55 percent a year ago and the highest figure since such questions began to be asked a decade ago in the wake of the 2008 economic […]

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RUSSIALINK: “WTO modernization among key issues at G20 summit – Russian Sherpa” – Interfax

File Photo of Country Flags Outside 2017 G20 Meeting in Hamburg, adapted from image at state.gov

MOSCOW. Nov 22 (Interfax) – The G20 summit will discuss ways to modernize the World Trade Organization (WTO) as one of the key issues at their summit and, hopefully, find a common approach to the matter, Russia’s G20 Sherpa Svetlana Lukash said. “As for trade, the key question of course is: what is going to happen to the main international […]

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RUSSIALINK: “No rapid de-dollarization, national currency settlements pose certain risks – Kudrin” – Interfax

Alexei Kudrin file photo

MOSCOW. Nov 22 (Interfax) – There will be no rapid de-dollarization in settlements which, when conducted in other national currencies, including those of Eurasian Economic Union countries, pose certain currency risks, said Alexei Kudrin, head of the Russian Accounts Chamber. “I’m in favor of a company being able to choose [the currency of settlements], which would be in keeping with […]

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One-Fifth Of Russians Live In Poverty, 36 Percent In ‘Risk Zone,’ Study Finds

Diverse Paper Currency, Coins, Line Graph

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Nov. 21, 2018 – also appeared at rferl.org/a/study-22-percent-of-russians-live-in-poverty-36-percent-in-risk-zone-/29613059.html) More than one-fifth of the Russian population now lives in poverty, according to a new study by a research institute with ties to the Kremlin. The November 21 report by the Russian Presidential Academy of the National Economy and Public Administration says […]

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RUSSIALINK: “Russia strengthening presence in Arctic – Putin”- Interfax

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

MOSCOW. Nov 21 (Interfax) – The Arctic is important for Russia, Russian President Vladimir Putin said. “The Arctic plays a strategic role for Russia. Today we are strengthening our presence in the region, we are implementing scientific research initiatives, large-scale programs for its economic development, we are implementing ambitious infrastructure projects,” Putin said in his message to the participants and […]

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JRL NEWSWATCH: “China and Russia’s awkward romance” – Washington Post/Jonathan Hillman

Asia Map

“… China still towers above Russia in economic and demographic terms. With a long history of invasions, Russia’s paranoia about foreign powers approaching its borders will not vanish overnight. … Russian policymakers must be persuaded to take China’s economic power as seriously as the West’s military power. China’s grand ambitions run through Russia and its neighbors, but its investments and […]

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JRL NEWSWATCH: “Russia draws closer to Southeast Asia with arms and energy trade; Putin to attend regional summit to build on economic and political cooperation” – Nikkei Asian Review (Japan)/JUN SUZUKI, TOMOYO OGAWA

File Image of ASEAN Logo, adapted from image at ustr.gov by Steven C. Welsh :: www.stevencwelsh.info :: www.stevencwelsh.com

“… Putin will for the first time attend the East Asia Summit, to be held in Singapore …. Putin aims to boost arms and energy trade with the region … [and is] seeking new partners to help offset the pressure of Western sanctions over its annexation of Crimea. … Putin will … attend the Association of Southeast Asian Nations leaders’ […]

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JRL NEWSWATCH: “Capital flight from Russia triples y/y to $42.2bn in January-October” – bne Intellinews

Diverse Paper Currency, Coins, Line Graph

“The net outflow of capital from Russia in January-October 2018 was up to $42.2bn, a three-fold increase from the $14bn that left Russia in the same period a year earlier, according to preliminary estimates from Central Bank of Russia (CBR) …. Approximately half of this amount is accounted for by operations of banks to repay external liabilities[;] the other half […]

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JRL NEWSWATCH: “The tenth city: Rostov-on-Don; We move to Russia in our series on Europe’s second-tier cities; Ancient trading traditions have survived Bolshevism and war” – The Economist

Map of Commonwealth of Independent States, European Portion

“… [Rostov-on-Don has] roots as a trading hub …. Russia’s gdp growth is slow at around 1.5% … [yet] the Rostov region is … at twice that … powered by booming farming, retooled manufacturing and an active citizenry. … [G]eography, tradition and mild weather make[] Rostov among Russia’s most entrepreneurial cities. … [where] 44% of the workforce is employed in […]

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Russians Now Want Social State and Democracy More than Military Might, Institute of Sociology Says

File Photo of Close-Up of Line of Russian Soldiers in Dress Uniforms for Parade, adapted from image at georgewbush-whitehouse.archives.gov with credit to Eric Draper

(Paul Goble – Window on Eurasia – Staunton, November 6, 2018) A new survey by the Institute of Sociology of the Russian Academy of Sciences says that Russians still want their country to be a great power but that only on condition that it is concerned about the well-being of its own citizens, a major shift in priorities from 2014 […]

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JRL NEWSWATCH: “U.S. overtakes Russia to become the world’s biggest oil producer” – bne Intellinews

Offshore Oil Rig file photo

“The U.S. overtook Russia to become the world’s biggest producer of oil in August …. Russia has been the biggest single producer of oil in terms of barrels produced a day for several years, but the shale oil revolution in the U.S. has seen production there skyrocket …. As average oil prices rose to over $65 in the first quarter […]

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Can Russia Relieve The Iranian Oil Crisis?

Iran Map and Flag

(Oilprice.com – Vanand Meliksetian – October 30, 2018) Charles de Gaulle once said: “no nation has friends, only interests.” Cooperation between Russia and Iran has been increasing over the years. The countries are drifting towards each other due to shared interests over topics such as Syria and opposition to a unipolar world led by the U.S. Although Moscow and Tehran […]

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JRL NEWSWATCH: “Russia, wary of U.S. sanctions, puts saving before growth” – Reuters/Darya Korsunskaya

Diverse Paper Currency, Coins, Line Graph

“Russia’s drive to fill state coffers to give itself a $200 billion buffer against threats like new U.S. sanctions … will come at the expense of economic growth. … With oil prices high, Russia has been steadily siphoning revenues from its major export into the National Wealth Fund (NWF). It has also raised oil industry taxes, hiked value-added tax and […]

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Valdai Highlights: Putin’s Hard Questions on U.S. Global Role

(Russia Matters – russiamatters.org – Andrew C. Kuchins – October 26, 2018 – russiamatters.org/blog/valdai-highlights-putins-hard-questions-us-global-role) Andrew C. Kuchins is a senior fellow at Georgetown University’s Center for Eurasian, Russian and East European Studies. In contrast to some recent Valdai meetings, Russian President Vladimir Putin evinced no visible anger toward the United States or the West at this year’s gathering of academics […]

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RUSSIALINK: “U.S. ‘Love’ of Sanctions Won’t Stop Moody’s Upgrading Russia” – Moscow Times

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

(Moscow Times – themoscowtimes.com – October 29, 2018) Moody’s Investors Service thinks it’s likely that the U.S. will sanction Russia’s sovereign debt. But it might just upgrade the country to investment grade anyway. “Those sanctions are likely to come because they would target what the administration has in mind: trying to impose pain on Russia,” Moody’s analyst Kristin Lindow said […]

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Let Them East Cheese: Russian Plant Thrives Amid Sanctions

Russia Map

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Dmitry Lyubimov, Tony Wesolowsky – Oct. 22, 2018 – also appeared at rferl.org/a/let-them-east-cheese-russian-plant-thrives-amid-sanctions-/29557433.html) Sergei Chernych proudly points to the gleaming Western-made stainless-steel machinery at his cheese factory in Mari El, a small republic in Russia’s Volga region. Production at the plant in Sernur, some 90 kilometers east of the […]

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RUSSIALINK: “Putin sees national projects as detailed plan of breakthrough in Russia’s development” – Interfax

Kremlin and River

MOSCOW. Oct 24 (Interfax) – Russia will have to “make a breakthrough” in its development, and the implementation of the national projects envisioned by President Vladimir Putin’s May Decrees must be put under “substantive control,” Putin said on Wednesday. “We needed a detailed plan of such a breakthrough, a resolute progress on each track, and considerable and serious work was […]

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RUSSIALINK: “Putin Won’t Have to Look Far for Darkest View of Russian Economy, Kudrin Says” – Moscow Times

Alexei Kudrin file photo

(Moscow Times – themoscowtimes.com – October 24, 2018) From his new perch atop a government agency that monitors the budget, one of the few people President Vladimir Putin has publicly called a friend has some blunt words about what’s in store for Russia’s economy. Alexei Kudrin, the head of the Audit Chamber since May, warned in an interview that a […]

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RUSSIALINK: “[Putin at] Small Business as a National Project forum” – KremlinRu

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

(Kremlin.ru – October 23, 2018) The President spoke at a plenary session of the All-Russia Non-Governmental Organisation of Small and Medium-Sized Businesses OPORA Russia’s Small Business as a National Project annual forum. Before the session, Vladimir Putin visited the technical workshops of Moscow’s Technograd recreational and educational complex, which opened at VDNKh in September. This complex is aimed at educating […]

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EVENT: November 1, 2018 – Book Launch – “Understanding Russia: The Challenges of Transformation” at The George Washington University, Elliott School of International Affairs

File Photo of George Washington Bust at George Washington University

Subject: Event – November 1, 2018 – Book Launch – Understanding Russia: The Challenges of Transformation Date: Thu, 18 Oct 2018 From: IERES, GW Elliott School <ieresgwu@gwu.edu> Understanding Russia: The Challenges of Transformation [Amazon: amzn.to/ 2S1KHak] This timely book provides a balanced and comprehensive overview of the geographical, historical, political, cultural, and geostrategic factors that drive Russia today. Russia has […]

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David Malaher: “Re: Oct. 16, 2018 #41: IMF ranks Ukraine as Europe’s poorest country”

International Monetary Fund Logo Over Ukraine Flag

Subject: Oct. 16, 2018 #41: IMF ranks Ukraine as Europe’s poorest country Date: Thu, 18 Oct 2018 From: David Malaher <david@malaher.org> To: David Johnson <davidjohnson@starpower.net> I try to follow Ukraine news through the Johnson List, among other sources. I visited Ukraine in June, touring through nine cities from Liviv to Odessa via a combination automobile and boat (on the Dnieper […]

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JRL NEWSWATCH: “U.S. Sanctions Give Russian Economy an Unintended Boost; For months, rising dollar-denominated oil prices, falling ruble have worked to Moscow’s benefit” – Wall Street Journal/ Avantika Chilkoti

Oil Well file photo

“U.S. sanctions have driven the price of oil and the ruble apart – leaving Russia with expensive crude and a cheaper currency … helping its economy. The price of oil, Russia’s main export, has risen almost 14% since mid-August. … largely because of the coming resumption of U.S. sanctions against Iran, choking off the supply of crude from that country. […]

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JRL NEWSWATCH: “Inflation Stalking Russia Adds to ‘Hopelessness’ Among Consumers” – Bloomberg/ Anna Andrianova, Evgenia Pismennaya, Zoya Shilova

Cash, Calculator, Pen

“The mood among Russian consumers is souring just as inflation increasingly eats into their purchasing power. Faster price growth and an unsteady ruble are hurting household finances, contributing last quarter to the biggest plunge in consumer confidence since 2015. … mirror[ing] a broader loss of momentum in the economy … slow to rebound despite higher oil prices. … Fed up […]

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RUSSIALINK: “Russia Climbs in Global Competitiveness Index” – Moscow Times

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – October 17, 2018) The Russian economy has climbed two spots in an annual rating of the world’s most competitive economies published by the World Economic Forum (WEF). Russia returned to a growth rate of 1.5 percent in 2017 after two years of decline and is projected to grow a further 1.7 percent this year and […]

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‘They’ve Stolen Everything’: In Russia’s Far East, Dreams Deferred Amid Grim Mood Over Pension Reform

Cash, Calculator, Pen

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Matthew Luxmoore – October 14, 2018 – also appeared at rferl.org/a/in-russia-s-far-east-dreams-deferred-amid-grim-mood-over-pension-reform/29542683.html) USSURIYSK, Russia — An unusually warm spell in early October filled this Far Eastern city’s central square with couples and schoolkids enjoying the last bright evenings before the onset of winter. Steps from the main landmark, a monument honoring […]

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JRL NEWSWATCH: “Russia Sanctions Unlikely to Pass Congress Before November” – Bloomberg/ Arit John, Anna Edgerton, Natasha Doff (Sept. 27, 2018)

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

“… Congress is unlikely to pass any new sanctions on Russia, including proposals that would affect its sovereign debt and energy projects, until after … November elections. The House is likely to go on recess … and not return until after Nov. 6 balloting, according to a Republican aide and a lawmaker. No bills on sanctions against Russia are scheduled […]

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JRL NEWSWATCH: “Regional Elections Rundown” – Bear Market Brief (Sept. 28, 2018)

Russia Regions Map

“Moscow’s political control over regional governments is slipping, opening the door for local elites to gain greater control …. [including] greater de facto control over natural resources, creating opportunities for external investment but … increasing corruption risks …. [T]rend[s] [are] rooted in a sustained decline in living standards … also prompt[ing] unprecedented protest activity and a more confrontational … ‘systemic’ […]

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JRL NEWSWATCH: “Russia’s pension reform still seen as unjust, but less willing to protest” – bne Intellinews [Sept. 27, 2018]

Cash, Calculator, Pen

“The number of Russians willing to protest … unpopular pension reform and the hiking of the retirement age has dropped … from 53% in September to 35% in August, according to [the] Levada Center …. confirm[ing] previous reports that … Putin scaling back the reform managed to calm the masses. … [But] downplaying and squeezing the reform, despite popular discontent, […]

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Russians Are Much Less Willing to Protest Retirement Age Hike, Poll Says

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

(Moscow Times – themoscowtimes.com – September 27, 2018) Fewer Russians are willing to take to the streets against government plans to raise the retirement age, according to an independent Levada Center poll. A majority of Russian respondents said they were willing to join protests against the unpopular reform in August, before President Vladimir Putin introduced several concessions to quell public […]

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Russian Retirement-Age Hike Advances As Putin’s Adjustment Approved

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

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – September 26, 2018 – article also appeared at rferl.org/a/duma-approves-putin-s-revised-proposal-to-raise-retirement-age-for-women/29510648.html) An unpopular plan to raise the retirement age has advanced in the Russian legislature after lawmakers overwhelmingly approved President Vladimir Putin’s proposal to limit the increase for women to five years — to age 60 — instead of eight. Deputies […]

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RUSSIALINK: “Pension bill passes 2nd reading in State Duma, 3rd reading due on Thursday” – Interfax

Russian State Duma Building file photo

MOSCOW. Sept 26 (Interfax) – Russia’s State Duma has passed the second and main reading of the bill on pension reform, which envisages a gradual increase of the retirement age. The deputies unanimously (385 votes) supported all amendments to the bill initiated by Russian President Vladimir Putin. A total of 326 deputies voted for the bill at the second reading, […]

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RUSSIALINK: “Zyuganov calls for gathering political elites in Kremlin, scrapping pension reform” – Interfax

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

MOSCOW. Sept 25 (Interfax) – Russian Communist Party leader Gennady Zyuganov has declared the necessity of a meeting between President Vladimir Putin and the political elites to discuss the domestic situation, including the possibility of scrapping the pension reform. “Once again, I insist that he [the president] gather influential people in the Kremlin so that we could discuss the unfolding […]

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Russian Infrastructure to Support Northern Sea Route Won’t Be Ready for at Least Another Decade, Experts Say

Arctic Map

(Paul Goble – Window on Eurasia – Staunton, September 12, 2018) The Washington Post reported four days ago that global warming is opening the Northern Sea Route to more shipping sooner than expected, but officials and experts in the North say that Russia won’t have the necessary infrastructure in place to support trade on that route for at least another […]

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Lobbyists Now More Powerful than People in Putin’s Russia, ‘Nezavisimaya Gazeta’ Warns

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

(Paul Goble – Window on Eurasia – Staunton, September 21, 2018) Russia now faces a problem many other countries have long been familiar with, the editors of Nezavisimaya gazeta say. Well-organized lobbyists are often far more effective than “larger but amorphous social groups” in securing a larger share of government resources for those they represent. The power of lobbyists, however, […]

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JRL NEWSWATCH: “[Re: Sanctions]”- Andrew Kuchins

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

(Andrew Kuchins, Senior Fellow, Center for Eurasian, Russian and East European Studies (CERES), Georgetown University – Facebook – September 21, 2018) [embedded live feed of post should load below; text and link also posted further down in case loading is delayed] “There are so many things wrong about sanctions, and Doug Bandow captures many here. The biggest problem is their […]

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More U.S. Sanctions On Russia Would Be Counter Productive

U.S. Capitol in Bright Sunlight

(Oilprice.com – Nicholas Trickett – September 20, 2018 – oilprice.com/Energy/Energy-General/More-US-Sanctions-On-Russia-Would-Be-Counter-Productive.html) Hoping to push back against Russia and prevent president Trump from changing current policy, the Senate has produced two new sanctions bills: the Defending Elections from Threats by Establishing Redlines (DETER) Act and the Defending American Security from Kremlin Aggression Act (DASKAA). Both would create a new set of harsh […]

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JRL NEWSWATCH: “Russia Oil Production Jumps to a New Post-Soviet Record” – Bloomberg/Elena Mazneva

Oil Well file photo

“Russia’s crude production has jumped to a new post-Soviet record, boosting … budget revenue as it prepares for talks with OPEC+ on further cooperation, according to a [Russian] government official. … currently fluctuating between 1.54 million and 1.55 million tons a day — driven mainly … Rosneft … 11.29 million to 11.36 million barrels a day, beating the previous record […]

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The U.S. Calls On Russia To Cap Soaring Oil Prices

Offshore Oil Rig file photo

(Oilprice.com – Tim Daiss – September 15, 2018 – oilprice.com/Geopolitics/International/The-US-Calls-On-Russia-To-Cap-Soaring-Oil-Prices.html) As crucial mid-term congressional elections in November draw near, the Trump administration is feeling the heat over higher oil prices. London-traded global oil benchmark Brent breached the $80 per barrel price point on Wednesday, its highest level since May 2. NYMEX-traded U.S. oil benchmark West Texas Intermediate Crude (WTI) reached […]

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JRL NEWSWATCH: “Russia-China trade turnover up 25.7% in January-August 2018” – bne Intellinews

Asia Map

“… The two countries set a target to hit $100bn of trade turnover a few years ago …. if trade continues to expand at the same pace as over the first eight months of this year trade turnover should top $100bn by the end of this year. … The EU remains Russia’s biggest trading partner with a turnover of €231bn […]

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Capitalism the Kremlin Way

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

(Kennan Institute – wilsoncenter.org/program/kennan-institute – Boris Grozovski, Maxim Trudolyubov – Sept. 13, 2018 – kennan-russiafile.org/2018/09/13/capitalism-the-kremlin-way/) Boris Grozovski is a prominent Russian journalist writing about the country’s economy and development. His work has appeared in Forbes Russia, InLiberty, the Moscow Times, the New Times, Vedomosti Daily, penRussia and others. In 2002-2008 and 2014-2015 he held various editorial positions at Vedomosti Daily […]

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JRL NEWSWATCH: “IMF Executive Board Concludes 2018 Article IV Consultation with the Russian Federation”

File Photo of IMF Acronym on Wall Below Row of Circular Lights, adapted from image at state.gov by Steven C. Welsh :: www.stevencwelsh.com :: www.stevencwelsh.info

(International Monetary Fund (IMF) – Sept. 12, 2018) IMF Executive Board Concludes 2018 Article IV Consultation with the Russian Federation [Full staff report: imf.org/en/Publications/CR/Issues/2018/09/12/Russian-Federation-2018-Article-IV-Consultation-Press-Release-Staff-Report-46226] [Vedomosti: IMF supports Russia’s pension reforms. МВФ поддержал повышение пенсионного возраста в России vedomosti.ru/economics/news/2018/09/13/780763-mvf ] “… parametric pension reform, including raising the statutory retirement age and limiting early retirement, remains critical for intergenerational equity …. While […]

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