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

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

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

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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 […]

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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. […]

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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 […]

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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 […]

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

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

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

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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

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

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

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RUSSIALINK RBTH: “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 […]

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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 […]

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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, […]

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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 […]

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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 […]

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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. …”

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NEWSLINK: “Kremlin Stringing Kadyrov Along on Oil” – Russian and Eurasian Politics/Gordon Hahn

Ramzan Kadyrov file photo

“Chechen President and strongman Ramzan Kadyrov recently may have finally won long-sought concessions from Moscow in oil related industries, something he has been fighting to attain from RosNeft since he came to power in the once war-torn North Caucasus republic in early 2008. In November 2009, Kadyrov and Sergei Bogdanchikov, then head of RosNeft, Russia’s state oil giant, wrested from oligarch […]

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Kudrin sees sanctions as primarily negative for Russian economy

Alexei Kudrin file photo

KRASNOYARSK. April 21 (Interfax) – Sanctions are having a negative impact on the Russian economy, the chairman of the Center for Strategic Research (CSR), former Finance Minister Alexei Kudrin said. “We are sooner losing position on the global market. The problem is not only related to the drop in oil prices and sanctions. Sanctions are in general very sensitive and […]

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RUSSIALINK TASS: “Putin’s spokesman dismisses rumors about plans to appoint Kudrin as prime minister”

Alexei Kudrin file photo

“Rumors linking the activities of former Finance Minister Alexei Kudrin, Head of Russia’s Center for Strategic Research, with his possible appointment as prime minister are nothing more than political exercises, Russian Presidential Spokesman Dmitry Peskov told reporters. The Kremlin spokesman pointed out that Kudrin was a broad-range expert ‘so it is only natural that he has an opinion on a […]

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In Annual Report, Medvedev Says Russian Economy Avoided Catastrophe

Dmitri Medvedev file photo

(RFE/RL – rferl.org – April 19, 2017) Russian Prime Minister Dmitry Medvedev has promised not to raise taxes in 2017 and vowed to consider indexing retirement payments for working pensioners, delivering a moderately upbeat annual report on the troubled economy. Addressing the lower house of parliament on April 19, Medvedev said the Russian economy had avoided “catastrophe” despite low world […]

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

Dmitri Medvedev file photo

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

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Russia Still Migrant Magnet Even as Wages Stay Below China’s

Russian Migrant Workers file photo

(Bloomberg – bloomberg.com – Olga Tanas – April 19, 2017) The vast pool of labor across Russia’s porous borders is relieving strains in the labor market, helping drain the economy of inflationary pressure as it accelerates after almost two years of recession. A steady flow of arrivals has continued even as shrinking wages and Russia’s worst currency crisis since 1998 […]

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

Kremlin and River

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

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Government forecast for annual GDP growth of 1.5% in 2018-2020 does not meet president’s goal – Belousov

Diverse Paper Currency, Coins, Line Graph

MOSCOW. April 17 (Interfax) – The government’s forecast for Russian GDP growth in 2018-2020 of 1.5% a year under the baseline scenario does not meet the goal set by the president of achieving growth higher than the global average in 2019-2020, presidential aide Alexander Belousov told journalists. The government forecast for 2% GDP growth in 2017 is “the maximum possible […]

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Fiscal rule already essentially in effect, might be formally introduced in 2018 – Belousov

Oil Well file photo

MOSCOW. April 17 (Interfax) – The new fiscal rule that restricts Russian budget spending of additional oil and gas revenue is essentially already in effect, and it might be formally introduced in 2018, Kremlin aide Andrei Belousov said. “The fiscal rule comes down to cutting off the level of spending at an oil price of $40 per barrel. We negotiated […]

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TRANSCRIPT: [Putin at] Working meeting with Prime Minister Dmitry Medvedev

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

Mr Medvedev briefed Vladimir Putin on the key points of the report on the Government’s work in 2016, which will be presented to the State Duma on April 19. President of Russia Vladimir Putin: Mr Medvedev, on April 19 you will present to the State Duma the Government’s report on its work last year. What will you be presenting? What […]

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RUSSIALINK RBTH: “Russia’s economy needs a recipe for growth; The country’s economy has left the recession, but growth rates are still low. Will Russia be able to return to the high pre-crisis indicators?”

Diverse Paper Currency, Coins, Line Graph

(Russia Beyond the Headlines – rbth.ru – SERGEI ALEXASHENKO, SPECIAL TO RBTH – April 13, 2017) The author is a senior fellow at The Brookings Institution (Washington). In 1993-1998 he was deputy finance minister and deputy chairman of the Russian Central Bank. The Russian economy has hauled itself out of the recession – Rosstat, Russia’s statistics agency, the Economy Ministry, […]

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Fixing Russia’s Growth for Economists Takes One Ruble at a Time

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Olga Tanas, Andre Tartar – April 9, 2017) The ruble’s “serious weakening,” as forecast by Russia’s Economy Ministry, may be seriously good for growth. While the authorities in Russia have wavered this year over the benefits and disadvantages to the economy of a strong exchange rate, analysts are coming down on the side of depreciation. A […]

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

File Photo of White House with South Lawn and Fountain

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

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Putin Is Up, But Russians Are Feeling Down

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

(Bloomberg – bloomberg.com – Leonid Bershidsky – April 3, 2017) Russia’s long recession is officially over: In the fourth quarter of 2016, the country’s economy grew 0.3 percent, and growth appears to be continuing. Consumer sentiment is in positive territory for the first time since 2014. The numbers indicate that President Vladimir Putin’s Russia is regaining some of its lost […]

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

Diverse Paper Currency, Coins, Line Graph

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

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Russian Economy Crawled to Growth With Recession in Rearview

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Olga Tanas – March 31, 2017) Russia’s economy returned to growth at the end of 2016, turning the page on seven consecutive quarters of contraction that laid waste to the middle class after oil prices crashed. Gross domestic product gained 0.3 percent from a year earlier in the fourth quarter after a decline of 0.4 percent […]

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TRANSCRIPT: The Arctic: Territory of Dialogue international forum. [excerpts re Putin]

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

(Kremlin.ru – March 30, 2017) Vladimir Putin is taking part in the filurth international forum The Arctic: Territory of Dialogue. The forum’s theme this year is People and the Arctic. The participants are discussing ways to improve the quality of life in the Arctic, maintain its unique environmental potential, boost sustainable socioeconomic development of the Arctic regions and strengthen international […]

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

Arctic Map

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

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

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

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

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NEWSLINK: “Are Russia’s oil wells truly in danger of drying up?” – Russia Beyond the Headlines/Vzglyad/OLGA SAMOFALOVA

Oil Well file photo

“Russia’s economy is heavily dependent on the energy sector. Oil and gas alone are estimated to account for 16 percent of GDP, 52 percent of the federal government’s revenue, and 70 percent of the country’s exports. Russia’s future without oil is inconceivable, and would debilitate the country tremendously. Therefore, investments in the exploration of new oil reserves are imperative, but […]

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Putin Nominates Bank of Russia Head Nabiullina for New Term

Elvira Nabiullina file photo

(Bloomberg – bloomberg.com – Olga Tanas, Stepan Kravchenko – March 22, 2017) Russian President Vladimir #Putin told Bank of #Russia Governor Elvira Nabiullina he plans to nominate her for a new 5-year term, praising her stewardship of the central bank as the country emerges from the longest recession this century. “The central bank under your leadership has done a #great […]

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NEWSLINK: “PUTIN’S ECONOMY IS SO BAD, MANY RUSSIANS CAN’T AFFORD NEW SHOES” – Newsweek

Diverse Paper Currency, Coins, Line Graph

“To see the state of Vladimir Putin’s economy, look down at Russians’ feet. The weakening ruble is making Russians more cautious about their purchases, and annual shoe sales across the country have dropped in recent months as Russians wait for their footwear to completely wear out before buying new ones ….”

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This Recovery Isn’t for Everyone as Inequality Reshapes Russia

(Bloomberg – bloomberg.com – Olga Tanas – March 22, 2017) A snapshot of Russia’s consumer welfare painted a picture of a country increasingly cleaved by inequality. A surprise deterioration of retail sales in February, alongside an unexpected plunge in real disposable incomes, is adding to evidence of what Morgan Stanley is calling an “uneven consumer recovery” driven by rising disparity […]

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TRANSCRIPT: [Putin at] Working meeting with Natural Resources and Environment Minister Sergei Donskoy

Russia Map

(Kremlin.ru – March 20, 2017) Mr Donskoy briefed the President on measures to enhance the efficiency of subsoil resource use, develop a system of protected natural zones, and support eco-tourism. President of Russia Vladimir Putin: Mr Donskoy, we discussed with you on many occasions the question of effective subsoil use. I know the Ministry has prepared a roilange of instruments, […]

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

Oil Well file photo

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

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Russians Happier Than They Look, UN Study Shows

UN Building file photo

(Moscow Times – themoscowtimes.com – March 20, 2017) Don’t be misled by those grumpy faces on the Moscow metro: Russia is the 49th happiest place on Earth and it is becoming happier, a new study has found. The United Nation’s yearly World Happiness Report measures “subjective well-being” in 155 countries along criteria such as GDP per capita and life expectancy, […]

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