Tag: Economy

JRL NEWSWATCH: “EBRD drops a COVID-19 dambuster on Russian sanctions; The EBRD has started investing in Russia again after several years off” – bne Intellinews/ Jason Corcoran

Politics, Government, Protests, Elections
Cash, Calculator, Pen

“A modest investment by the European Bank for Reconstruction and Development (EBRD) in a Russian travel company may prove to be the sanctions dambuster that the Kremlin has been longing for. The London-headquartered bank announced on April 7 it would provide finance to a Russian travel aggregator Travelata as part of its €1bn coronavirus (COVID-19) funding programme … designed to […]

» Read more
Leave a comment , , , , , , , , , ,

RUSSIALINK: “Coronavirus Revolutionizes Russia’s Retail Scene; Retailers have been forced to digitize, move online and transform their businesses in the space of weeks” – Moscow Times

Coronavirus, Covid-19 Pandemic, Economy, Business, Investment, Trade, Media, Internet, Social Media, Television
File Image of Laptop Computer, Tables and Mobile Device, adapted from image at energy.gov

(Moscow Times – themoscowtimes.com – Adrien Henni – April 9, 2020) Russian retail players have been rocked by the coronavirus pandemic, with the country on a month-long partial shutdown and major cities under strict quarantine, shopping habits have been transformed in a matter of days, forcing both online and offline sellers to react quickly. Even before the shutdown of many […]

» Read more
Leave a comment , , , , , , , , , , ,

Russia Is Well-Positioned to Weather COVID-19’s Economic Fallout

Coronavirus, Covid-19 Pandemic, Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(Russia Matters – russiamatters.org – Chris Weafer – April 9, 2020) Chris Weafer is a founding partner of independent macro consultancy Macro-Advisory. Russia is in a relatively good position to survive the COVID-19 crisis and several months of low oil revenues. This is because of the changes it was forced to make to its monetary and fiscal management as a […]

» Read more
Leave a comment , , , , , , , ,

Money Is Flooding Into Russia Despite Crashing Oil Prices

Economy, Business, Investment, Trade, Oil, Gas, Energy
Oil Well file photo

(Oilprice.com – Michael Kern – April 7, 2020) With the virtual OPEC+ meeting where Russia and Saudi Arabia were to discuss output cuts to end the oil price war delayed Monday, oil prices took a huge beating–but Russian stocks are still hanging on. While state-backed companies saw their share prices shredded on March 9th, including major banks Sberbank and VTB […]

» Read more
Leave a comment , , , , ,

Relief On The Horizon? Trump And Putin Discuss Oil Markets

Economy, Business, Investment, Trade, Oil, Gas, Energy, United States, U.S.-Russian Relations
Vladirmir Putin and Donald Trump Sitting in Chairs with Flags Behind, adapted from image at whitehouse.gov

(Oilprice.com – Julianne Geiger – March 30, 2020) U.S. President Donald Trump and Russian President Vladimir Putin agreed on Monday to have energy officials from both countries discuss the dire state of the global oil market, the Kremlin said, according to Reuters. Trump and Putin discussed the matter over the phone on Monday. “Opinions on the current state of the […]

» Read more
Leave a comment , , , , , , , ,

The Oil Price War of 2020: Winners, Losers and Ways Forward

Economy, Business, Investment, Trade, Oil, Gas, Energy
Oil Well file photo

(Russia Matters – russiamatters.org – Li-Chen Sim – March 25, 2020) Li-Chen Sim, an assistant professor at Zayed University in the United Arab Emirates, is an expert on the political economy of energy in Russia and in the Middle East. Two broad themes have dominated analyses about the failure of OPEC+ to arrive at a new consensus on oil production […]

» Read more
Leave a comment , , , , ,

RUSSIALINK: “‘The Government Doesn’t Believe in Small Businesses. The Feeling’s Mutual.'” – Moscow Times

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Cash, Calculator, Pen

Russia’s Entrepreneurs Scramble For a Lifeline. Coronavirus has hit Russia’s smallest businesses hard. Putin’s support package could be too little, too late. (Moscow Times – themoscowtimes.com – Jake Cordell – March 26, 2020) Last week, Alla Komissarova sent a letter to her landlords, asking them to show a little flexibility towards the rent due for her two Moscow chocolate workshops […]

» Read more
Leave a comment , , , , , , , ,

The Cost Of The Oil Price War Is Growing For Russia

Economy, Business, Investment, Trade, Oil, Gas, Energy
Oil Wells File Photo

(Oilprice.com – Irina Slav – March 25, 2020) Russia’s economy needs about a trillion rubles, or roughly $12.7 billion a month over the next few months to emerge stable from the coronavirus pandemic and the oil price crash Russia’s economy needs about a trillion rubles, or roughly $12.7 billion a month over the next few months to emerge stable from […]

» Read more
Leave a comment , , , , , ,

JRL NEWSWATCH: “‘They need to quarantine Moscow’; How small businesses in Russia’s capital are scrambling to stay afloat as coronavirus clobbers the economy” – Meduza

Coronavirus, Covid-19 Pandemic, Economy, Business, Investment, Trade, JRL NewsBlog, Politics, Government, Protests, Elections, Regions, Cities, Municipalities
Coronavirus File Photo adapted from image at cdc.gov

“… The news website RBC estimates that shutting down for a single day costs the average shopping and entertainment center in Moscow and the surrounding region roughly 60-155 million rubles (between $775,800 and $2 million). Fitness clubs … will lose as much as 300,000 rubles ($3,900) a day, while coffee shops in the city center will lose 100,000-200,000 rubles ($1,290-$2,585) […]

» Read more
Leave a comment , , , , , , , , , , , , , , , ,

Putin Makes Plea For Sanctions Relief At G20 Summit

Coronavirus, Covid-19 Pandemic, Economy, Business, Investment, Trade, Europe, EU, United States, U.S.-Russian Relations
File Photo of Assorted U.S. Cash, adapted from image at tsa.gov

(Article text ©2020 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – March 26, 2020 – article text also appeared at rferl.org/a/30511615.html) Russian President Vladimir Putin has proposed at a Group of 20 (G20) video conference that a freeze be placed on economic sanctions to allow countries to better combat the coronavirus pandemic that has infected more than 500,000 worldwide […]

» Read more
Leave a comment , , , , , , , , , , , , ,

Russia’s Unexpected Advantage In The Oil Price War

Economy, Business, Investment, Trade, Oil, Gas, Energy
Oil Well file photo

(Oilprice.com – Tsvetana Paraskova – March 25, 2020) While the ruble is now at its lowest level against the dollar in four years, the cheaper ruble has a silver lining for Russia’s oil producers in the oil price war for market share with Saudi Arabia. The collapse of the OPEC+ deal and oil prices has hit Russia’s financial markets and […]

» Read more
Leave a comment , , , , , ,

JRL NEWSWATCH: “Coronavirus Forces Putin to Delay Vote That Could Keep Him in Power” – Wall Street Journal/ Ann M. Simmons

Coronavirus, Covid-19 Pandemic, Politics, Government, Protests, Elections
Aerial View of Kremlin and Environs

Referendum originally planned for April is final hurdle to allowing Russia’s president to potentially stay in office until 2036 “In his first address to the nation since the outbreak of the coronavirus pandemic … Putin told citizens that an April referendum on changes to the country’s constitution would be postponed to help curb the spread of the illness. The national […]

» Read more
Leave a comment , , , , , , , , , , , , ,

Russia Sees Oil & Gas Income Fall By Almost $40 Billion

Economy, Business, Investment, Trade, Oil, Gas, Energy
Gas Flame file photo

(Oilprice.com – Tsvetana Paraskova – March 18, 2020) Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Anton Siluanov said on Wednesday, adding that Russia’s budget will be in deficit this year. The coronavirus pandemic and the lower economic activity, coupled with oil prices […]

» Read more
Leave a comment , , , , , ,

The Inevitable Outcome Of The Oil Price War

Economy, Business, Investment, Trade, Oil, Gas, Energy
Middle East Map

(Oilprice.com – Simon Watkins – March 19, 2020) One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices in a full-scale oil price war, Russian President Vladimir Putin probably fell off the horse he was riding bare-chested somewhere in Siberia […]

» Read more
Leave a comment , , , , , , , , ,

Russia Makes Move On Antarctica’s 513 Billion Barrels Of Oil

Economy, Business, Investment, Trade, Oil, Gas, Energy
Antarctica Map

(Oilprice.com – Simon Watkins – March 16, 2020) Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Antarctica, and Moscow has now set its sights on the world’s most underexplored continent Given the march that it has stolen on everyone else in […]

» Read more
Leave a comment , , , , , , ,

RUSSIALINK: “Situation thus far not developing in best way, Russia to see budget deficit in 2020 – Siluanov” – Interfax

Budget, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Anton Siluanov file photo

MOSCOW. March 18 (Interfax) – The Russian government is diverting from its macroeconomic forecast for 2020: the budget will see a deficit and National Wealth Fund (NWF) resources will need to be used, Finance Minister Anton Siluanov said while speaking at the annual meeting of the Federal Treasury board. Opening the board meeting, Siluanov remarked on the fact that it […]

» Read more
Leave a comment , , , , , , , , ,

Why Didn’t Russia Just Cut Oil Production?

Economy, Business, Investment, Trade, Oil, Gas, Energy
Oil Wells File Photo

(Oilprice.com – Robert Rapier – March 15, 2020) Last week OPEC conducted meetings with a coalition of partners that have worked together to limit oil production since 2016. It was widely reported that the group hoped to come to an agreement to reduce oil production by an additional 1.5 million barrels per day (BPD). The meetings came in the wake […]

» Read more
Leave a comment , , , , , , ,

The Reasons And Risks Behind Russia’s Big Oil Bet

Oil, Gas, Energy
Oil Wells File Photo

(Article text ©2020 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Todd Prince – March 10, 2020 – article text also appeared at rferl.org/a/failed-talks-a-fit-of-anger-a-plot-to-sink-u-s-shale-the-reasons-and-risks-behind-russia-s-big-oil-bet/30480151.html) For years now, Russia has been laser-focused on insulating itself from an external economic shock. It may have just sparked one. In an unexpected move on March 6, Russia rejected a call by OPEC countries […]

» Read more
Leave a comment , , , , , , , , ,

Russia Can Live With $25 Oil For Years

Oil, Gas, Energy
Oil Well file photo

(Oilprice.com – Tsvetana Paraskova – March 9, 2020) After oil prices collapsed in the worst drop in nearly three decades-courtesy of the renewed Saudi-Russia rivalry on the oil market – Russia’s Finance Ministry said on Monday that Moscow had enough resources to cover budget shortfalls amid oil prices at $25-30 a barrel for six to ten years. The price of […]

» Read more
Leave a comment , , , , , , , ,

RUSSIALINK: “Wealth and Power Transfer as Russia’s Central Political Problem” – Kennan Institute/ Maxim Trudolyubov

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade

(Kennan Institute – wilsoncenter.org/program/kennan-institute – Maxim Trudolyubov – March 6, 2020) Maxim Trudolyubov is a Senior Fellow at the Kennan Institute and the Editor-at-Large of Vedomosti, an independent Russian daily. Mr. Trudolyubov was the editorial page editor of Vedomosti between 2003 and 2015. He has been a contributing opinion writer for The International New York Times since the fall of […]

» Read more
Leave a comment , , , , , , , , , ,

Ruble, Oil Prices Tumble Amid Market Chaos After OPEC-Russia Deal Collapses

Economy, Business, Investment, Trade, Oil, Gas, Energy
Diverse Paper Currency, Coins, Line Graph

(Article text ©2020 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – March 9, 2020 – article text also appeared at rferl.org/a/ruble-oil-prices-tumble-after-opec-deal-collapses-amid-coronavirus-fears/30476938.html) The Russian ruble fell to a four-year low after oil prices collapsed following a breakup of talks between OPEC leader Saudi Arabia and Moscow. The ruble tumbled on March 9 by more than 7 percent to nearly 74 […]

» Read more
Leave a comment , , , , , , , , , ,

RUSSIALINK: “Coronavirus Could Rock Russia’s ‘Stable and Isolated’ Economy” – Moscow Times

China, Economy, Business, Investment, Trade, Health, Epidemics, Substance Abuse
Coronavirus File Photo adapted from image at cdc.gov

As markets tumble and a flagship business forum is canceled, experts are questioning the strength of Moscow’s finances. (Moscow Times – themoscowtimes.com – Jake Cordell – March 6, 2020) The coronavirus outbreak is shaping up to be the first serious test of Russia’s stability-first economic policy introduced in the wake of the economic and geopolitical turmoil of 2014. However, economists […]

» Read more
Leave a comment , , , , , , ,

JRL NEWSWATCH: “A Wake-Up Call for Russia” – The Hill/ William Courtney

Economy, Business, Investment, Trade, JRL NewsBlog, Politics, Government, Protests, Elections
Aerial View of Kremlin and Environs

“… So why is the [Russian] economy stagnating? Oil prices are below previous peaks, but factors under Moscow’s control are structural barriers and geopolitical tensions. First … state-owned companies tend to be less productive …. Russia’s Federal Anti-Monopoly Service says … prior to the 1998 financial crisis the state’s share of the economy was about 25 percent of GDP, but […]

» Read more
Leave a comment , , , , , , , ,

JRL NEWSWATCH: “Putin signs Arctic master plan; The strategic document paves way for a massive industrialization of the country’s far north” – Barents Observer/ Atle Staalesen

Arctic, Economy, Business, Investment, Trade, JRL NewsBlog, Politics, Government, Protests, Elections
Arctic Map

“… The document covers the period until year 2035 … authored by the Ministry of the Far East and Arctic. … approved by government and the national Security Council in late 2019. … [In addition to other factors cited, i]t prepares the ground for a major natural resource exploitation in the region and helps develop the Northern Sea Route, the […]

» Read more
Leave a comment , , , , , , , , , , ,

RUSSIALINK: “Putin’s Spending Boost Won’t Be Enough To Lift Russians Out of Poverty, Audit Chamber Warns” – Moscow Times

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Cash, Calculator, Pen

Russia’s plans to spend an extra $60 billion to raise living standards will fall short of the government’s ambitious poverty-reduction targets, the watchdog says (Moscow Times – themoscowtimes.com – March 4, 2020) President Vladimir Putin’s new package of social spending initiatives will not be enough to hit the country’s ambitious poverty-reduction targets, a government watchdog has said. In its assessment […]

» Read more
Leave a comment , , , , , , ,

JRL NEWSWATCH: “Putin’s New Premier Reaches Out to West With Bid for OECD Ties” – Bloomberg/ Ilya Arkhipov, Evgenia Pismennaya

Economy, Business, Investment, Trade, Europe, EU, Foreign Policy, Security, Visas, JRL NewsBlog, Russia & the West, United States, U.S.-Russian Relations
OECD Logo

“Russia’s new prime minister has ordered his government to revive Russia’s ties with the Organization for Economic Cooperation and Development in what looks like a longshot bid to reopen links with western institutions severed after the Ukraine crisis began in 2014. Mikhail Mishustin [reportedly] asked subordinates to draft a plan … possibly even restarting Russia’s efforts to join …. The […]

» Read more
Leave a comment , , , , , , , , , , ,

RUSSIALINK: “OECD Slashes Russia Growth Forecast in Stark Coronavirus Warning” – Moscow Times

Economy, Business, Investment, Trade, Health, Epidemics, Substance Abuse
Diverse Paper Currency, Coins, Line Graph

Even if the spread slows, the economic effects of coronavirus will last throughout 2020, new report says. (Moscow Times – themoscowtimes.com – March 2, 2020) The Organization for Economic Cooperation and Development (OECD) has drastically cut its forecast for the Russian economy in a bleak report warning of the impact of the coronavirus outbreak. The OECD now expects Russia’s annual […]

» Read more
Leave a comment , , , , , , , , ,

JRL NEWSWATCH: “Falling oil prices threaten to derail Putin’s spending promises” – Financial Times/ Max Seddon, Henry Foy, Nastassia Astrasheuskaya

Economy, Business, Investment, Trade, JRL NewsBlog, Oil, Gas, Energy
Oil Wells File Photo

Kremlin’s bid to boost economy relies on Russian budget surplus and national wealth fund “… Putin’s spending promises are under threat from falling oil prices that could hurt the savings the Kremlin is tapping to rekindle growth. The coronavirus outbreak … pushed Brent crude, the international oil benchmark, down 10 per cent to a year-low … close to $50 a […]

» Read more
Leave a comment , , , , , , , , ,

RUSSIALINK: “Coronavirus in Russia: The Latest News | Feb. 20” – Moscow Times

Health, Epidemics, Substance Abuse
Coronavirus File Photo adapted from image at cdc.gov

(Moscow Times – themoscowtimes.com – February 20, 2020) As the new coronavirus that has killed more than 2,000 people continues to spread around the world, Russia has stepped up measures to tackle the health risk, including closing most entry points along its 4,200-kilometer border with China and temporarily banning Chinese citizens from entering the country. Russia reported its first two […]

» Read more
Leave a comment , , , , ,

RUSSIALINK: “Kudrin doubts 1.9% economic growth forecast due to coronavirus” – Interfax

Economy, Business, Investment, Trade, Health, Epidemics, Substance Abuse
Coronavirus File Photo adapted from image at cdc.gov

MOSCOW. Feb 18 (Interfax) – Alexei Kudrin, the chairman of the Russian Accounts Chamber, said he was doubtful about the government’s 1.9% economic growth forecast and that adverse factors like the coronavirus needed to be taken into account. “The measures in fulfillment of the [president’s] address will produce an additional effect on economic growth. Right now I hesitate to say […]

» Read more
Leave a comment , , , , , , , ,

Despite Putin’s Promises, Many Large Russian Families Feel Abandoned By The State

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Population Disaster, Demographics
Map of Russia and Russian Flag adapted from images at state.gov

(Article text ©2020 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Irina Fokina, Robert Coalson – SEVERODVINSK, Russia, February 9, 2020 – article text also appeared at rferl.org/a/despite-putin-s-promises-many-large-russian-families-feel-abandoned-by-the-state/30424839.html) Natalia Golubtsova and her husband, Sergei Kirillov, are raising their six children in a cramped, two-room apartment in a Brezhnev-era building in this city in Russia’s Far North. When their third […]

» Read more
Leave a comment , , , , , , ,

RUSSIALINK: “Russia’s Small Businesses Contribute Just 20% of Economy; The importance of SMEs to the Russian economy is falling, despite government targets” – Moscow Times

Economy, Business, Investment, Trade
Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – January 28, 2020) [Text with chart themoscowtimes.com/2020/01/28/russias-small-businesses-contribute-20-percent-russia-economy-a69063] Small and medium-sized enterprises (SMEs) make up just a fifth of Russia’s economy, the national statistics agency Rosstat has assessed. Rosstat also said the contribution of SMEs to Russia’s GDP fell to 20.2% in 2018 from 22% in 2017, the most recently available data. Russia defines SMEs as […]

» Read more
Leave a comment , , , , ,

Reporter’s Notebook: They Do Things Differently in Russia

Economy, Business, Investment, Trade, Life in Russia, Culture, Arts, Politics, Government, Protests, Elections
File Photo of Kremlin Tower, St. Basil's, Red Square at Night

(Voice of America – voanews.com – Jamie Dettmer – Nov. 29, 2019) Everyone overlooks them as they scurry about in their luminescent orange uniforms at all hours of the day and night, armed only with small brushes and the the type of long-handled lobby dustpans a concierge might use in New York or London to tidy up an entrance. Moscow’s […]

» Read more
Leave a comment , , , , , , , ,

RUSSIALINK: “Russian economy growing stably but is vulnerable – Klepach” – Interfax

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

MOSCOW. Dec 3 (Interfax) – Russia’s economy is growing stably but is very vulnerable, according to VEB.RF head economist Andrei Klepach. “The problem isn’t that we don’t have stable growth, we do, though it’s very vulnerable. If there’s a global recession, that will inevitably have an effect on [Russia’s] economic growth. The problem is that this growth, even if it’s […]

» Read more
Leave a comment , , , , , ,

Liberal Democracy isn’t Dead or Defeated but It has a New Opponent, Feudalism 2.0, Gontmakher Says

Politics, Government, Protests, Elections
Kremlin and River

(Paul Goble – Window on Eurasia – Staunton, November 27, 2019) When the Berlin Wall fell and the USSR fell apart, it was widely assumed and even stated by Francis Fukuyama that there was “no alternative” to liberal democracy; but the last 30 years have shown that one has emerged, “Feudalism 2.0,” and in Russia first of all, Yevgeny Gontmakher […]

» Read more
Leave a comment , , , , , ,

Russia’s Born-Again Citizens and Their Discontents

Politics, Government, Protests, Elections
Map of Russia and Russian Flag adapted from images at state.gov

(Kennan Institute – wilsoncenter.org/program/kennan-institute – Boris Grozovski- November 21, 2019) 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. The year 2019 saw numerous signs of Russian society awakening from its post-annexation-of-Crimea slumber. Young people were […]

» Read more
Leave a comment , , , , , , ,

RUSSIALINK: “State-Run Bank Says Putin Will Fail to Meet Economic Targets by 2024; Russia will fall short of most of the goals outlined in the president’s $400 billion National Projects program” – Moscow Times

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Jake Cordell – Nov. 20, 2019) Jake covers business & economics for The Moscow Times. President Vladimir Putin is unlikely to meet most of his flagship economic and development goals during his final term, a new report from a government-owned bank said Wednesday. The National Projects program – a $400 billion package of investments covering […]

» Read more
Leave a comment , , , , , , ,

RUSSIALINK: “Russian Ruble Least Volatile Since 2015; Macroeconomic stability and a lack of new U.S. sanctions have created a period of calm for the ruble” – Moscow Times

Economy, Business, Investment, Trade
Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – Nov. 19, 2019) Ruble volatility has fallen to its lowest level in five years, amid a pause in sanctions pressure from the U.S. and more stable macroeconomic policies from the Russian government. The ruble’s implied volatility on the financial markets – a measure of how extreme traders expect swings in the value of the currency […]

» Read more
Leave a comment , , , , , , ,

RUSSIALINK: “Russian Oil Production Among Most Expensive in World; Saudi analysis finds Russian oil production has one of the highest break-even prices in the world” – Moscow Times

Economy, Business, Investment, Trade, Oil, Gas, Energy
Oil Well file photo

(Moscow Times – themoscowtimes.com – Nov. 12, 2019) Russia is one of the most expensive places in the world to produce oil, new analysis produced for Saudi Arabia’s state-owned oil giant Saudi Aramco has found. The cost of producing a single barrel of Brent crude oil came in at around $42 for Russian onshore projects, and $44 for offshore projects, […]

» Read more
Leave a comment , , , , , , ,

RUSSIALINK: “Russian Banks More Stable and Transparent Than Ever, Central Bank Chief Says; Six years and $80 billion into a mammoth clean-up drive, Elvira Nabiullina hails the strength of Russia’s financial sector” – Moscow Times

Economy, Business, Investment, Trade
Central Bank of Russia file photo

(Moscow Times – themoscowtimes.com – Jake Cordell – November 8, 2019) The Russian financial sector is “more stable and more transparent than ever before,” according to the governor of Russia’s Central Bank Elvira Nabiullina. The country’s banks are finally becoming an attractive option for investors, and the sector is now a “partner for real companies and the real economy,” Nabiullina […]

» Read more
Leave a comment , , , , , , , , ,

RUSSIALINK: “What’s Next for Russia’s Economy? Analysts predict low growth, low inflation and a strong stock market in the final two months of the year” – Moscow Times

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Jake Cordell – November 1, 2019) Jake Cordell covers business & economics for The Moscow Times. A fresh roster of forecasts and data on the Russian economy suggests slow growth and low inflation coupled with robust corporate performance will mark the final two months of the year. Meanwhile, economy-watchers remain fixed on a crucial Central […]

» Read more
Leave a comment , , , , , , ,

RUSSIALINK: “Healthcare funding to exceed 4% of Russian GDP in 2020 – Putin” – Interfax

Economy, Business, Investment, Trade, Health, Epidemics, Substance Abuse
Medical Symbol with Pole, Serpents, Wings, adapted from image at lanl.gov

KALININGRAD. Oct 31 (Interfax) – Healthcare expenditures in Russia will continue growing and will constitute 4.1% of GDP next year, Russian President Vladimir Putin said while meeting with the public of the Kaliningrad Region on Thursday. “We will increase our financing of healthcare. If this year, it totaled 3.7% of GDP, then next they, this will be 4.1% of GDP. […]

» Read more
Leave a comment , , , , ,

RUSSIALINK: “How Big Is Russia’s Shadow Economy and Why Does It Matter? The informal labor market is a window into the country’s wider economy.” – Moscow Times

Politics, Government, Protests, Elections
Hands Opening Envelope Containing Cash

(Moscow Times – themoscowtimes.com – Jake Cordell – October 29, 2019) Jake covers business & economics for The Moscow Times. The black labor market in Russia is shrinking as fewer people try to keep their work off the books and their wages away from the taxman. So said a recent survey by the Russian Presidential Academy of National Economy and […]

» Read more
Leave a comment , , , , , , , , , ,

New Russian Study Identifies Three Reasons Why Official Statistics are So Often at Odds with Reality

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Population Disaster, Demographics
Diverse Paper Currency, Coins, Line Graph

(Paul Goble – Window on Eurasia – Staunton, Oct. 22, 2019) It is common ground that official Russian statistics are often at odds with reality, but that divergence has seldom been the subject of academic research. Now, Olga Molyarenko of the Higher School of Economics has filled that gap with a study based on 270 in-depth interviews with officials at […]

» Read more
Leave a comment , , , , , , , ,

Kagarlitsky Surprised Only One Russian in Four Considers Himself a Victim of Perestroika

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Kremlin and River

(Paul Goble – Window on Eurasia – Staunton, October 21, 2019) Left-wing sociologist Boris Kagarslitsky says he is surprised by VTsIOM’s finding that only 25 percent of Russians consider themselves “victims of perestroika,” with the number ranging from 37 percent among those 60 and over down to eight percent among those aged 18 to 24. In his view, Kagarlitsky says, […]

» Read more
Leave a comment , , , , , ,

RUSSIALINK: “Russia Has Lost $1 Trillion in Capital Flight Since Fall of U.S.S.R., Says Putin’s Economist. Top politician blames International Monetary Fund for promoting massive capital outflow” – Moscow Times

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – October 25, 2019) Around $1 trillion of capital has been pulled out of Russia since the fall of the U.S.S.R., a close aide to President Vladimir Putin has told world leaders at the Russia-Africa forum in Sochi. Sergei Glazyev, who was a long-time economic adviser to Putin and is now minister in charge of integration […]

» Read more
Leave a comment , , , , , , ,

RUSSIALINK: “Russia Rises in World Bank’s Business Rating” – Moscow Times

Economy, Business, Investment, Trade
World Bank Building

(Moscow Times – themoscowtimes.com – October 24, 2019) Russia has inched upward in the World Bank’s latest Doing Business report, rising three places but still missing President Vladimir Putin’s goal of breaking into the top 20. Putin set the challenge of leaping up the ease-of-business ratings by 2018 after the country placed a dismal 120th in 2011. The 2020 Doing […]

» Read more
Leave a comment , , , , , ,

RUSSIALINK: “Experts Raise Questions Over Strong Russian Official Economic Statistics; Analysts struggle to explain an unexpected jump in real incomes and GDP recorded by the official Russian statistics agency” – Moscow Times

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Jake Cordell – October 18, 2019) Economists have raised questions over a surprisingly healthy batch of economic data released by the Russian statistics agency Rosstat. Statistics published Thursday evening showed an unexpected and significant jump in real disposable incomes of an annual rate of 3% in the third quarter of the year, off the back […]

» Read more
Leave a comment , , , , , , , ,

RUSSIALINK: “Russia Going Nowhere in Global Competitiveness Rankings” – Moscow Times

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

Russia stays mid-table in rankings of the world’s most competitive economies, while Singapore leapfrogs United States into top spot (Moscow Times – themoscowtimes.com – October 9, 2019) Russia has failed to climb up the global competitiveness rankings, the World Economic Forum (WEF) said today, remaining in 43rd place in its influential Global Competitiveness Index. Researchers said Russia scored highly on […]

» Read more
Leave a comment , , , , ,

JRL NEWSWATCH: “How Russia Stands To Change With The Climate” – Forbes/ James Rodgers

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

“… In a climate where winter temperatures in Arctic regions can fall below -50 degrees C (-58 degrees F), warmer weather might offer some relief. A research paper … even predicted … ‘Global warming will likely to bring more positive rather than negative effects for Russia’s food security and agriculture ….’ The same paper warned … ‘A major negative impact […]

» Read more
Leave a comment , , , , , , , , , , , ,
1 … 3 4 5 6 7 … 64