JRL NEWSWATCH: “IMF Cuts Forecast for Russian 2019 GDP Growth to 1.2%, Calls for Reforms” – Reuters

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

“The International Monetary Fund cut its forecast for Russian economic growth in 2019 to 1.2% from 1.4% after a weak first quarter, saying broader reforms would be needed for stronger growth. Without deeper structural reforms, long-term growth is projected to settle around 1.8%, the IMF said …. Priority should be given to creating a more vibrant private sector and reducing […]

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JRL NEWSWATCH: “Review: The Struggle of Russia’s crony capitalists” [re: Anders Aslund new book]” – Reuters/ Dasha Afanasieva

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

“… Anders Aslund … in ‘Russia’s Crony Capitalism: The Path from Market Economy to Kleptocracy‘ … [casts Putin] as a patriarchal overlord … handsomely reward[ing] those loyal …. creat[ing] a new elite of friends, former co-workers and relatives. What’s less clear is what, if anything [can be done about it]. … [A]naly[zing] the last 15 or so years of Putin’s […]

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Russia’s FDI Outlook Grim, with No Chinese Rescue in Sight

Diverse Paper Currency, Coins, Line Graph

(Russia Matters – russiamatters.org – Nicholas Trickett – July 11, 2019) Nicholas Trickett is editor in chief of BMB Russia and an associate scholar with the Foreign Policy Research Institute. He specializes in the domestic and international political economy of the Russian energy and infrastructure sectors and Russian foreign policy, and is currently finishing an MSc in international political economy […]

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RUSSIALINK: “Visa and Mastercard May Soon Exit Russia Under Draft Law – Reports” – Moscow Times

File Photo of Stack of Credit Cards, adapted from image at fdic.gov

(Moscow Times – themoscowtimes.com – July 12, 2019) New Russian payment system laws could lead the world’s largest credit and debit card companies Visa and Mastercard to exit the country’s market, the Kommersant business daily reported on Friday. U.S.-based Visa and Mastercard stopped servicing bank cards in annexed Crimea after the United States imposed sanctions on Russia in 2014. Russia […]

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RUSSIALINK: “Russians Work More Nights, Weekends Than Other Europeans – Research” – Moscow Times

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

(Moscow Times – themoscowtimes.com – July 10, 2019) Russia is among the leading countries in Europe where employees regularly work night or weekend shifts, recent research published by the Moscow-based Higher School of Economics (HSE) has said. Nearly half of Russians polled last month said they don’t support the idea of a four-day work week over fears that it would […]

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RUSSIALINK TRANSCRIPT: “[Putin at] Meeting with Russian journalists” – KremlinRu

Yekaterinburg file photo

(Kremlin.ru – July 9, 2019) Following the II Global Manufacturing and Industrialisation Summit, Vladimir Putin met with Russian journalists and answered their questions. President of Russia Vladimir Putin: Good afternoon. Question: First question is about Georgia. May I? Vladimir Putin: We are at such a good international event on technology. Does it [Georgia] demonstrate any achievements in terms of applying […]

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RUSSIALINK: “Russia to Slash Soviet-Era List of Off-Limits Jobs for Women, Media Reports” – Moscow Times

Russian Naval Vessel file photo

(Moscow Times – themoscowtimes.com – July 4, 2019) Women in Russia will be allowed to work as truck drivers and serve in the navy under new rules taking effect in 2021, the RBC news website reported Thursday. The Russian government bans women from holding 456 jobs in 38 industries that entail physically strenuous tasks or harmful working conditions. The restrictions […]

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Putin: Oil Price Volatility Is Hurting Russia’s Economy

Oil Wells File Photo

(Oilprice.com – Irina Slav – July 4, 2019) Economic realities including the fluctuating international oil prices are among factors interfering with the Russian government’s economic program, President Vladimir Putin said in an interview with Italian Corriere della Serra ahead of a state visit to Rome. Asked about why, despite his overwhelming victory in the latest elections and the virtual non-existence […]

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Putin Undermines OPEC’s Power

Oil Well file photo

(Oilprice.com – Nick Cunningham – July 1, 2019) After so much hype and anticipation, it seems that the OPEC meeting in Vienna was all but over before it had even begun. Russia and Saudi Arabia have agreed to extend the OPEC+ production cuts by six to nine months. The production levels remains unchanged, but the timing could be extended through […]

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RUSSIALINK TRANSCRIPT: “Vladimir Putin’s news conference; Following the G20 summit, the President of Russia answered journalists’ questions.” – KremlinRu

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

(Kremlin.ru – June 29, 2019 – en.kremlin.ru/events/president/news/60857) President of Russia Vladimir Putin: Good afternoon. Let us begin. Go ahead, please. Question: Good afternoon, Mr President. We would like to ask, since I am the first to ask a question, about your personal results of the summit. There was a lot of scepticism prior to it, coming both from other leaders […]

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What Is the State’s Share in Russia’s Economy?

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

(Russia Matters – russiamatters.org – Nini Arshakuni, Natasha Yefimova-Trilling – June 26, 2019) Nini Arshakuni is a former graduate student associate at Russia Matters and at Harvard’s Davis Center for Russian and Eurasian Studies. Natasha Yefimova-Trilling is editor of Russia Matters. Earlier this year, sanctioned tycoon Oleg Deripaska told the Financial Times that the Russian state holds 70 percent of the country’s economy […]

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RUSSIALINK: “Moscow, St. Petersburg Become Cheaper for Expats, Ranking Says” – Moscow Times

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – June 26, 2019) Moscow and St. Petersburg are becoming more affordable for expats, according to new rankings from a global consulting firm. Moscow placed 27th and St. Petersburg 75th out of 209 cities worldwide for the most expensive locations to work abroad in Mercer’s 2019 ranking, dropping by 10 and 26 spots from last year […]

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JRL NEWSWATCH: “Putin’s 2019 ‘Direct Line,’ in a nutshell; Russia’s president spoke on national TV for four hours, but you can read this summary in five minutes” – Meduza/ Summary by Mikhail Zelensky, Translation by Kevin Rothrock

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

“National projects: The country needs to revitalize the economy, but first we need to figure out where to find the money for this development work. That’s why we raised the VAT [value added tax), and as expected it increased inflation, but only temporarily. The cabinet ministers are personally responsible for seeing their work through. Income and wages …. Healthcare …. […]

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Putin’s Annual Marathon Phone-In Will Focus His Attention Homeward; Protests, pensions and poverty will overshadow geopolitics during Putin’s annual live call-in show Thursday.

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

(Moscow Times – themoscowtimes.com – Pjotr Sauer – June 19, 2019) Civil unrest and falling living standards are likely to dominate Vladimir Putin’s annual televised national phone-in on Thursday, depriving the Russian president of the opportunity to concentrate on foreign policy and forcing him to confront domestic problems. In the past few months, Russia has seen mass protests over the […]

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JRL NEWSWATCH: “Putin touts Russia as a great power. But he’s made it a weak one.” – Washington Post/ Timothy Frye

File Photo of Vladimir Putin at Podium with United Russia Logo, Gesturing

“… Moscow is playing an assertive role [globally] … despite … weakness. … If anyone has made Russia’s hand weak, it’s [Putin, in power for two decades with a] … failure to create a more dynamic economy …. Thanks to high energy prices and fiscal caution … [there are] large reserve funds, but the economy has stagnated …. in 2012, […]

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RUSSIALINK TRANSCRIPT: “[Putin] Meeting with heads of international news agencies” – KremlinRu

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

(Kremlin.ru – June 6, 2019) Vladimir Putin met with heads of the world’s leading news agencies. The meeting took place on the sidelines of the 2019 St Petersburg International Economic Forum for the sixth time. The conversation with Vladimir Putin involved representatives of news agencies from Great Britain, Germany, Iran, Spain, Italy, China, the United States, France, and Japan; Russia […]

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JRL NEWSWATCH: “Russia’s Sovcomflot Says Arctic Sailings Will Become Routine; CEO of the state-owned shipping giant says melting polar ice will draw more ship operators to Siberian waters” – Wall Street Journal/Costas Paris

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

“‘The Northern Sea Route shipments are growing …’ [Russian state-owned shipping Sovcomflot] Chief Executive Sergey Frank said … ‘It’s a question of time before all kinds of ships routinely cross it.’ Arctic routes are drawing greater attention as the global climate warms and polar ice recedes, potentially opening new paths between Asia and Europe. The mostly frozen NSR seaway … […]

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JRL NEWSWATCH: “Putin’s Own Government Warns His Campaign Promises Can’t Be Met” – Bloomberg/ Evgenia Pismennaya, Anna Andrianova, Ilya Arkhipov

Cash, Calculator, Pen

“… Putin’s own government doesn’t believe his ambitious campaign pledges to improve living standards are attainable. Officials have analyzed the $400 billion [National Projects] spending program … and found that the majority of targets will be impossible to achieve before … Putin’s term [ends] in 2024 …. Putin and … Medvedev have been briefed about the findings …. confirm[ing] conclusions […]

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Russia’s National Projects: Economic Reboot or Mucky Bog?

Diverse Paper Currency, Coins, Line Graph

(Russia Matters – russiamatters.org – Ben Aris – May 30, 2019) Ben Aris is editor in chief of bne Intellinews. He has been covering Russia as a journalist since 1993. While Moscow has been aggressively advancing its interests on the international stage, Russia’s stagnating economy means the country risks gradually falling behind the rest of the world and possibly facing […]

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Nearly Half Of Russian Families Can Afford Only Food, Clothing

Cash, Calculator, Pen

(Article text ©2019 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – May 29, 2019 – article text also appeared at rferl.org/a/nearly-half-of-russian-families-can-afford-only-food-clothing/29970069.html) Nearly half of all Russian families say that they only have enough money for food and clothing and cannot buy items of longer-term use such as furniture and appliances, media reports cite data from the state statistics agency […]

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JRL NEWSWATCH: “Ukraine oligarch urges Volodymyr Zelensky to default on debt; Concern grows over Igor Kolomoisky’s influence on the novice president” – Financial Times/ Max Seddon

International Monetary Fund Logo Over Ukraine Flag

“… Zelensky should … reject[] the [IMF] austerity programme and default[] on … external debt, according to his contentious oligarch supporter[] Igor Kolomoisky … [a suggestion that] will ring alarm bells with … western backers even though … Zelensky … said he would stick to the terms of Ukraine’s $3.9bn bailout. Concern among Ukrainians and western officials about … Kolomoisky’s […]

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RUSSIALINK: “Major Russian Cities Need 100 Years to Reach Moscow’s Development Level, Study Says” – Moscow Times

Aerial View of Kremlin and Environs

(Moscow Times – themoscowtimes.com – May 27, 2019) Russian cities with populations of 1 million or greater will need at least 100 years to catch up to Moscow’s level of economic development, according to research by the Strelka Consulting Bureau. The 16 cities contributed almost one-third of Russia’s GDP in 2017, more than half of which came from Moscow, the […]

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RUSSIALINK: “Foreign Direct Investment Into Russia Is Falling; Russia is at the bottom of the Institute of International Finance’s list of emerging markets.” – Moscow Times

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

(Moscow Times – themoscowtimes.com – May 22, 2019) Foreign direct investment (FDI) into Russia accounted for only 0.2 percent of gross domestic product (GDP) from 2015-2018, putting it at the bottom of the list of emerging markets, the RBC news website reported, citing the Institute of International Finance (IIF). The IIF figures exclude reinvested earnings to focus on “real” GDP. […]

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JRL NEWSWATCH: “Russia’s GDP growth slows in 1Q19, challenging the policy framework” – bne Intellinews/ Dmitri Dolgin (Russia ING)

Diverse Paper Currency, Coins, Line Graph

“Russian GDP growth slowed from 2.7% year on year in 4Q18 to just 0.5% y/y in 1Q19, well below expectations. Unlike most commentators, we attribute this slowdown to a pause in the state CAPEX rather than to the VAT hike. We also believe a policy response is more likely to come from the Finance Ministry rather than the Central Bank […]

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JRL NEWSWATCH: “Banking on Politics: How Russia’s Banking Sector Clean-Up Affects Regime Stability” – PONARS Eurasia/ David Szakonyi

Elvira Nabiullina file photo

“Banking has increasingly become nationalized in Russia, raising concerns that all private banks may be forced from the market within 10 or 15 years. In the short run, this consolidation enables the government to continue funding its numerous and expensive commitments and thereby maintain social and political stability. David Szakonyi discusses the political consequences of this creeping nationalization of the […]

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JRL NEWSWATCH AUDIO: “Russia Without Putin [Interview with Tony Wood; Includes Audio]” – Sean’s Russia Blog/ Sean Guillory/ Tony Wood

Boris Yeltsin and Vladimir Putin

“Q: Most narratives of post-Soviet Russia emphasize a break between Yeltsin and Putin. …. But your book[, “Russia Without Putin: Money, Power and the Myths of the New Cold War,”] stresses that there are continuities …. [A.] I see these two periods as successive phases in the evolution of a single system. … the core differences are really matters of […]

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RUSSIALINK: “Putin’s New Energy Security Doctrine Preaches Self-Reliance; Updated plan tackles sanctions and global demand.” – Moscow Times

Oil Well file photo

(Moscow Times – themoscowtimes.com – May 15, 2019) Russian President Vladimir Putin has approved a new energy security doctrine preaching self-reliance in the face of geopolitical isolation. Russia has unrivaled energy resources and is the world’s top exporter of gas and its second-biggest of crude oil. The new doctrine replaces the 2012 plan and takes into account threats to Russia’s […]

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JRL NEWSWATCH: “Overextending and Unbalancing Russia; Assessing the Impact of Cost-Imposing Options” – RAND

Mercator Projection Satellite Image of Earth

“This brief summarizes a report that comprehensively examines nonviolent, cost-imposing options that the United States and its allies could pursue across economic, political, and military areas to stress – overextend and unbalance – Russia’s economy and armed forces and the regime’s political standing at home and abroad. …”

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JRL NEWSWATCH: “[Re: Council on Strategic Development and National Projects] Macro and Markets with Alex Nice” – Bear Market Brief, bmb Russia/ Foreign Policy Research Institute

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

“… Putin chaired a major meeting of the Council on Strategic Development and National Projects with the cabinet and regional officials. … First, although Putin is only a year into his fourth term, there is already a sense of frustration and anxiety about the progress of the National Projects … the strategic underpinning of the six-year presidential cycle. Putin opened […]

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JRL NEWSWATCH: “Can Russia halve its poverty level?” – bne Intellinews/ Ben Aris in Berlin

Diverse Paper Currency, Coins, Line Graph

“… Among … ambitious … – some say unattainable [-] goals [Putin] called for a drastic reduction in poverty between now and 2024, when he is slated to step down …. Can Russia really halve its poverty rate to 6.6% in six years[?] … [F]ast [economic] growth is unlikely. Even the government’s own estimate predicts lacklustre growth of about 1.3% […]

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Who Is Mr. Ivanov: Why Russia’s Middle Class Today Is Different

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

(Kennan Institute – wilsoncenter.org/program/kennan-institute – Maxim Trudolyubov – May 9, 2019 – wilsoncenter.org/blog-post/who-mr-ivanov-why-russias-middle-class-today-different) Maxim Trudolyubov is a Senior Fellow at the Kennan Institute and the Editor-at-Large of Vedomosti, an independent Russian daily. In the five years since 2014, the share of those in Russia who consider themselves middle class has shrunk from 60 percent to 47 percent. This is according […]

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JRL NEWSWATCH “Russia ramps up bond sales ahead of possible U.S. sanctions; Moscow’s $1.1bn issuance comes after April fundraising smashed records” – Financial Times/ Max Seddon, Nikou Asgari

File Photo of Facade of Russian Finance Ministry

“… [Russia’s] finance ministry sold Rbs73bn ($1.1bn) in rouble-denominated bonds … Wednesday[,] … part of a plan to raise Rbs600bn in domestic debt this quarter. … [after] a record Rbs400bn in April – four times [Russia’s] monthly average – feeding strong investor appetite for high-yielding emerging market debt. … [Analysts regard the efforts] as a pre-emptive stockpiling … [against] the […]

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JRL NEWSWATCH: “Russia’s nuclear power exports are booming” – bne Intellinews/ Ben Aris

Russian Nuclear Power Plant file photo

“… state-owned … Rosatom … operates 35 nuclear power stations in Russia … produc[ing] 28GW of power, and … is actively exporting … nuclear technology …. [to help] cement[] ties with … emerging markets with no nuclear power tradition and the BRICS countries …. [including i]n recent years … construction of six nuclear power reactors in India, Iran and China […]

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What Makes Putin Putin?

File Photo of Vladimir Putin at Podium with United Russia Logo, Gesturing

(PONARS Eurasia – May 3, 2019 – Samuel Greene, Graeme Robertson – ponarseurasia.org/point-counter/article/what-makes-putin-putin) Samuel Greene is Director of the Russia Institute and Senior Lecturer in Russian Politics at King’s College London. Graeme Robertson is Professor in the Department of Political Science at the University of North Carolina-Chapel Hill. The co-construction of Russian authoritarianism, say Samuel Greene and Graeme Robertson in […]

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Have Sanctions on Russia Changed Putin’s Calculus?

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

Since Russia’s 2014 invasion of Ukraine, Western powers have hit Moscow with economic sanctions, hoping to put a stop to President Vladimir Putin’s aggression. Have they worked? (Council on Foreign Relations – Andrew Chatzky – May 2, 2019 – cfr.org/article/have-sanctions-russia-changed-putins-calculus – Andrew Chatzky covers economics, energy, and geopolitics, and helps edit the Daily News Brief.) The United States and the […]

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JRL NEWSWATCH: “How the US could push Russia’s defense spending to the brink” – Stars and Stripes/ William Howard

Russian Jet Buzzing U.S. Navy Destroyer, adapted from U.S. Navy photo

“The United States should … drive Russia to spend money in a tit-for-tat power game that its smaller economy can’t support [a RAND study] said …. The West can exploit factors … making Russia more vulnerable, such as economic sanctions, fuel prices falling below peak levels, an aging population and increasing authoritarianism under … Putin … [but the study] also […]

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JRL NEWSWATCH: “Hegemony of state in Russian economy deepens, warns watchdog” – bne Intellinews

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

“… the state is no longer simply setting the rules of engagement, but attempts to regulate the whole economic system of the country, Federal Anti-Monopoly Service (FAS) watchdog warns …. [as is] evident on both federal and regional levels, where authorities are interfering in local business relations and engage in regional protectionism. … Before the 1998 crisis the state’s share […]

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RUSSIALINK TRANSCRIPT: “[Putin] News conference following working visit to China” – KremlinRu

Asia Map

(Kremlin.ru – April 27, 2019 – en.kremlin.ru/events/president/transcripts/60396) Vladimir Putin spoke to journalists following the Roundtable discussions at the Belt and Road Forum for International Cooperation. President of Russia Vladimir Putin: Good afternoon. There will be no opening remarks. I am ready to answer your questions. Question: Good afternoon. The Belt and Road is a very ambitious project – to the […]

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JRL NEWSWATCH: “Putin lauds China infrastructure initiative, warming ties” – AP

Map of China and Environs, adapted from image at cdc.gov

“… Putin praised China’s Belt and Road infrastructure initiative … underscoring warming ties between the neighboring powers. Putin’s comments … to a forum in Beijing appeared to downplay the potential for tensions between China and Russia. … [and] reflect Beijing and Moscow’s shared resistance to U.S. global influence. The Belt and Road is rapidly expanding China’s economic footprint in Central […]

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RUSSIALINK: “Putin: One Belt, One Road initiative lays down int’l relations principles that are relevant today” – Interfax

Asia Map

BEIJING. April 26 (Interfax) – Russian President Vladimir Putin has thanked Chinese President Xi Jinping for the invitation to take part in the One Belt, One Road forum, adding he sees that this initiative keeps developing. “It has proven to be immensely timely and successful. It is taking on a global nature and is starting to lay down the principles […]

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Putin, Dozens Of Other Leaders Gather In China For ‘Belt And Road’ Summit

Asia Map

(Article text ©2019 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – April 25, 2019 – article text also appeared at rferl.org/a/dozens-of-world-leaders-arrive-in-china-for-belt-and-road-forum/29902631.html) Leaders from dozens of countries have begun arriving in Beijing to attend the April 25-27 Belt and Road Forum. China’s $1 trillion Belt and Road initiative seeks to create new rail, road, port, and energy infrastructure that links […]

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JRL NEWSWATCH: “Russia is no place for young people” – Deutsche Welle

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

It’s almost impossible to find a decent salary and comfortable living conditions in Russia. For many young people, the only options are to build a life in Moscow or leave the country, says Anastasia Arinushkina. “… half of Russia’s citizens are unhappy with the size of their salaries and struggle to pay for health care and education, according to recent […]

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Russia Replaces Venezuelan Crude On European Markets

Oil Well file photo

(Oilprice.com – Irina Slav – April 12, 2019) European refiners are switching to Russian sour grades as U.S. sanctions have shrunk Venezuela’s similar-grade exports, Reuters reports, adding that the Russian sour crude is getting increasingly expensive. Citing sources from the trading industry, Reuters says the situation has been made worse by the fact that OPEC members have cut mainly their […]

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A Horrific Vision of Russia’s Future: 25 Big Cities Surrounded by Dumps and Connected by Pipelines

Russia Regions Map

(Paul Goble – Window on Eurasia – Staunton, April 10, 2019) A major reason Russians in the regions are furious at Moscow for viewing their territories as nothing more than suitable sites for trash dumps is that many of them fear that the country’s leadership is quite happy with a vision of Russia’s future in which there will be 25 […]

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RUSSIALINK: “Richest 3% Russians Hold 90% of Country’s Financial Assets – Study” – Moscow Times

Hand Pulling Cash from Envelope

(Moscow Times – themoscowtimes.com – April 12, 2019) The wealthiest 3 percent of Russians owned 89 percent of all financial assets in 2018, according to joint research by the Higher School of Economics and the state-run VEB Bank. This is the first time a comprehensive study of wealth inequality has been attempted in Russia, the Kommersant business daily reported on […]

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JRL NEWSWATCH: “All About the U.S. Sanctions Aimed at Putin’s Russia” – Bloomberg/ Henry Meyer, Laurence Arnold, Olga Tanas, Tony Halpin

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

“… Since 2014, the U.S. has imposed travel bans, asset freezes and finance and trade restrictions against hundreds of Russian individuals and companies … a multinational effort …. 1. What U.S. sanctions are in place against Russia? More than 700 Russian people and companies have been targeted …. 2. Why were the sanctions imposed? … starting in 2014 after Russia […]

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JRL NEWSWATCH: “Russia’s New Gold Rush Could Shake Up the International Monetary System; Russia and China might be considering a gold-backed digital currency.” – Moscow Times/ Bruno Macaes

File Photo of Gold Bars with U.S. Government Engravings, adapted from image at fbi.govA

“Russia is buying … [a] lot of gold … quadrupl[ing] reserves [within a decade]. Gold buying last year exceeded mine supply for the first time … Russia is about to become a net importer …. Are the Russian authorities preparing for a renewed clash with the United States … attempting to reduce … vulnerability to … sanctions? Or do they […]

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JRL NEWSWATCH: “Russia’s Effective Military Spending Is Around $200 Billion” – Checkpoint Asia/Richard Connolly

Russian Mobile ICBM Parade File Photo

“Russia maintains armed forces of around a million … compared with … fewer than 200,000 in the UK. … [and] procures and maintains far larger volumes of equipment across the whole spectrum … including [ICBM’s], nuclear-powered submarines … state-of-the-art helicopters and fighter aircraft. * * * … PPP-based measures … yield a figure of closer to $200 billion …”

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Russia Seeks New Arctic Oil Frontier

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

Rosneft, Russia’s state-controlled oil company … the largest oil producer in the country, plans to develop an Arctic cluster of oil fields over the next five years. These plans by Rosneft – led by a close [Putin] ally … Igor Sechin – fit [Putin’s] ambition to develop Arctic oil and gas resources and adjacent regions, as well as the so-called Northern Sea Route – a shipping lane through Russian Arctic waters … from Europe to the Far East. …

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Russia Makes Progress When It Looks Outward and Suffers When It Turns in on Itself, Inozemtsev Says

Mercator Projection Satellite Image of Earth

(Paul Goble – Window on Eurasia – Staunton, April 5, 2019) Yezhednevny zhurnal offers another chapter from Vladislav Inozemtsev’s new book, An Uncontemporary Country, a chapter that demonstrates that whenever Russia has turned outward and involved itself with the rest of the world, it has made progress but that when it has turned in on itself, it has not only […]

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