Tag: Economy

TRANSCRIPT: [Putin at] Meeting of the Agency for Strategic Initiatives Supervisory Board

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
File Photo of Vladimir Putin at Valdai Club 2013 Meeting, Adapted from Screenshot of Valdai Club Video at youtube.com

(Kremlin.ru – Novo-Ogaryovo, Moscow Region – November 14, 2013) Vladimir Putin chaired a meeting of the Agency for Strategic Initiatives (ASI) Supervisory Board. Meeting participants discussed the creation of a good investment climate and the evaluation of new ASI-supported projects. PRESIDENT OF RUSSIA VLADIMIR PUTIN: Good afternoon, colleagues, Today we are holding our final meeting this year. So I would […]

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Ukraine’s Choice: East Or West?

Europe, EU, Ukraine, Russo-Ukrainian War
File Photo of Ukrainians with Ukrainian Flag in Public Square Near Tower with Golden Dome

(RFE/RL – rferl.org – Robert Coalson – November 15, 2013) “Ukraine at the Rubicon.” “Kyiv at a geopolitical crossroads.” “The battle for Ukraine.” The headlines have been dire and the expectations high as the clock ticks down to the European Union’s Eastern Partnership summit in Vilnius at the end of this month. With less than two weeks to go, the […]

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Russian economic growth will be leaner than predicted

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

(Russia Beyond the Headlines – rbth.ru – Anna Kuchma, RBTH – November 14, 2013) The Russian Ministry of Economic Development (MED) has lowered its forecasted growth rate for the country’s development through 2030. Experts caution that the new projection is conservative and describes the most negative Decreasing real oil prices and oil production output will cause Russia’s economic growth during […]

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CBR has high inflationary expectations – Yudayeva

Economy, Business, Investment, Trade
Russian Central Bank file photo

MOSCOW. Nov 14 (Interfax) – The Central Bank of Russia (CBR) acknowledges that it has very high inflationary expectations, the bank’s first deputy chief, Ksenia Yudayeva, said during a session of the State Duma committee for economic policy, innovative development, and entrepreneurship on Thursday. “Only just today I had a meeting on this subject. We have quantitative parameters of inflationary […]

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Will Russians React to Kremlin’s Unprecedented Prediction of Stagnation Ahead?

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
File Photo of Cash, Coins, Line Graph

(Window on Eurasia – Paul Goble – Staunton, November 14, 2013) In an editorial today, Moscow’s “Nezavisimaya gazeta” asks what may be the key question about Russian social and political life in the next few years or more: will Russians react to the Kremlin’s unprecedented prediction that the country potentially faces decades of stagnation as a result of the government’s […]

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First Generation With Wealth Shape Philanthropy Culture

Economy, Business, Investment, Trade, Nonprofits, Activists, NGO's
Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – Lena Smirnova – November 13, 2013) The first Russians to dispose of free wealth in nearly a century are putting down the institutional roots of philanthropy, but donations trail behind the sums shelled out by donors in the U.S., Britain and China, according to a report released by private bank Coutts on Tuesday. Coutts Million […]

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Interfax: Russia may file 3-4 lawsuits in WTO in next 2-3 years – ministry

Economy, Business, Investment, Trade
WTO Logo

MOSCOW. Nov 12 (Interfax) – Russia may file three to four lawsuits in the WTO over the next two to three years, Maksim Medvedkov, the head of the Economic Development Ministry’s trade negotiations department, said at a roundtable during a business strategy conference organized by Vedomosti newspaper in Moscow on Tuesday. “In the next two to three years I see […]

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RIA Novosti: Minister Admits Russia’s Economic Growth Slower Than Expected

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

MOSCOW, November 13 (RIA Novosti) ­ Russia’s GDP growth is likely to remain below this year’s goal of 1.8 percent, Russia’s Economic Development Minister Alexei Ulyukayev said Wednesday. The Federal Statistics Service said Tuesday that Russia’s GDP had grown 1.2 percent on a year earlier in the third quarter of 2013, the same pace as in the previous three months. […]

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Interfax: Russian GDP grows 1.2% in Q3 – Rosstat

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

MOSCOW. Nov 12 (Interfax) – Russia’s gross domestic product expanded 1.2% year-on-year last quarter, the Federal State Statistics Service (Rosstat) said on Tuesday. That was in line with what the Economic Development Ministry had calculated for the period – 1.2%. Rosstat did not report January-September GDP dynamics. Judging from the data for Q1 (1.6% year-on-year growth), Q2 (1.2%), and Q3, […]

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Russians much happier than in the 1990s – poll

Economy, Business, Investment, Trade, Health, Epidemics, Substance Abuse, Life in Russia, Culture, Arts
Map of Western CIS/FSU and European Environs

(Moscow News – themoscownews.com – November 12, 2013)  Over three-fourths of Russians say they are happy, a figure that has grown by a third in the last two decades, a recent poll said. According to a study by the All-Russian Center for Public Opinion Research (VTsIOM), 76 percent of Russians said they were happy, RIA Novosti reported on Tuesday, citing […]

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Interfax: Russia, Georgia quickly rebuilding economic ties – official

Economy, Business, Investment, Trade, Georgia
Georgia Map

TBILISI. Nov 9 (Interfax) – The Georgian prime minister’s special commissioner for relations with Russia, Zurab Abashidze, is due to have his fifth meeting with Russian Deputy Foreign Minister Grigory Karasin on November 19-23 in seeking to restore economic ties between the two countries. The meeting will be held in Prague . “It will be our fifth meeting, one at […]

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Russia Surpasses Europe in Shopping Mall Construction

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

(Moscow Times – themoscowtimes.com – Alexander Panin – November 11, 2013) Russia is ranked number one in Europe in terms of building retail space but still has a lower ratio of shopping malls to people, according to research by Cushman & Wakefield. With over 456,200 square meters of retail space built in just the first half of 2013, Russia topped […]

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Russia Hinders East Europe Growth Rebound, Development Bank Says

Economy, Business, Investment, Trade, Europe, EU
File Photo of Cash, Coins, Line Graph

(Bloomberg – bloomberg.com – Agnes Lovasz – November 11, 2013) Russia’s deepening economic slowdown is impeding eastern Europe’s recovery as lower oil prices hurt the world’s largest energy exporter, the European Bank for Reconstruction and Development said. Russia, the largest of 34 economies from Morocco to Mongolia where the London-based EBRD invests, will grow 1.3 percent in 2013 and 2.5 […]

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RIA Novosti: Russians’ Quality of Life Improved Over Last Decade – OECD

Economy, Business, Investment, Trade
OECD Logo

MOSCOW, November 5 (RIA Novosti) ­ Russia has “made progress” in improving the quality of life of its citizens over the last decade, though the country’s scores in some areas are lower than the international average, a new study by an international economic organization says. The average Russian household net-adjusted disposable income is about $15,300 a year, according to the […]

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Interfax: Almost half of Russians approve of national development course – poll

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Kremlin and St. Basil's

MOSCOW. Nov 6 (Interfax) – Almost half of Russians (46%) approve of the course of national development taken by Vladimir Putin after his return to the presidency, Levada Center told Interfax. This course is mostly supported by women (50% vs. 41% of men), young citizens aged from 18 to 24 (55%), people with secondary education (52%) and residents of cities […]

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Russia Pension Age Hike Off Table Till 2018 – Fund Head

Economy, Business, Investment, Trade, Elders, Politics, Government, Protests, Elections
Two Babushkas file photo

MOSCOW, November 6 (RIA Novosti) ­ Russia will not consider raising the retirement age until at least 2018, but will encourage people to work longer, the head of the State Pension Fund said Wednesday. President Vladimir Putin said during 2011 electoral campaigning that he was against raising the pension age and has frequently restated this position. Russia’s next presidential elections […]

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Yanukovych Defends Ukraine EU Trade Pact as Competitiveness Lags

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
EU Map

(Bloomberg – bloomberg.com – James M. Gomez & Kateryna Choursina – November 6, 2013) Ukraine needs a free trade agreement with the European Union to help the eastern European nation kickstart the economy and regain competitiveness on global markets, President Viktor Yanukovych said. “By choosing to get closer to the European Union, we are making a pragmatic choice for optimal […]

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IMF deal in cards as Ukraine said to cave in to demands on gas tariffs

Economy, Business, Investment, Trade, Oil, Gas, Energy, Ukraine, Russo-Ukrainian War
File Photo of Blue Flame from Natural Gas

(Business New Europe – bne.eu – November 4, 2013) Facing down Russian bullying on one side and an economic collapse that could only be months away, Ukrainian President Viktor Yanukovych has reportedly caved into long-standing pressure from the International Monetary Fund (IMF) on November 4 by saying his government would hike domestic gas tariffs. Ukraine’s hard currency reserves have been […]

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The first step is the hardest as the blind seek to join Russian society

Disabilities, Human Rights
Kremlin and St. Basil's

(Russia Beyond the Headlines – rbth.ru – Vladimir Ruvinsky, special to RBTH – November 4, 2013) Russians who are blind want to be treated as part of the wider community, but their legacy is one of isolation. The village of Rusinovo, about 70 miles from Moscow, was once a model community adapted to the needs of the blind and visually […]

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Moscow Times: Forum Shows Russian Ingredients of Innovation Recipe

Economy, Business, Investment, Trade
Map of Western CIS/FSU and European Environs

(Moscow Times – themoscowtimes.com – Guennadi Moukine – November 1, 2013) Good infrastructure, a secure environment and exponentially increasing computer power guarantee the growth of innovative solutions to global problems, political and technology leaders told attendees of the International Forum for Innovative Development in Moscow on Thursday. Russia has the intellectual capital, education and state support to become a technology […]

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TRANSCRIPT: [Medvedev at] 2nd Moscow International Forum, Open Innovations

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Map of Western CIS/FSU and European Environs

(Government.ru – October 31, 2013) Dmitry Medvedev’s address to the plenary meeting: Addressing the plenary meeting of the 2nd Moscow International Forum, Open Innovations Ladies and gentlemen, colleagues, Mr Katainen (Prime Minister Jyrki Katainen of Finland), Mr Ayrault (Prime Minister Jean-Marc Ayrault of France), the first thing I heard was: What can governments do to support innovation? I think the […]

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Doing Business in Russia now easier than in China, says World Bank

China, Economy, Business, Investment, Trade
Eurasia Map

(Russia Beyond the Headlines – rbth.ru – Artem Zagorodnov, RBTH    – October 31, 2013) Russia moves ahead of its fellow BRIC countries in the World Bank’s latest Ease of Doing Business ranking, as the country fights to attract international investment. Russia jumped 20 places in the World Bank’s Ease of Doing Business survey to number 92 out of 185 […]

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Interfax: Ulyukayev expects ‘statistically significant’ improvement in Q4 economic indicators

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

MOSCOW. Oct 31 (Interfax) – Economic Development Minister Alexei Ulyukayev expects to see “statistically significant” improvement in Russia’s fourth quarter macroeconomic performance. “There are signs of improvement, in terms of the investment climate, industrial output and inventories,” he said. “It seems to me that we are leaving the lowest zone, where we have been since the fourth quarter of 2012, […]

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Interfax: Medvedev: Ukraine association agreement with EU spells end to ‘exclusive’ Russia relations

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
EU Map

MOSCOW. Nov 1 (Interfax) – Prime Minister Dmitry Medvedev has advised Ukraine to look to Brussels to raise standby loans in future. “They constantly turn to us for credits, for example,” Medvedev is quoted by Reuters as saying. “In the end, if they have such advanced relations with Brussels … let them get credits from Brussels,” he said. Russia has […]

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Russian ex-finance minister Kudrin joins Putin’s economic council

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Alexei Kudrin file photo

(Interfax – October 31, 2013) Russian President Vladimir Putin has appointed Aleksey Kudrin, a former finance minister and deputy prime minister, to the presidium of the presidential economic council, Russian privately-owned Interfax news agency reported on 31 October. A decree confirming the membership of the council’s presidium, which included Kudrin’s name, was signed on 31 August, Interfax said, citing an […]

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Arctic resources: Any competitors in sight for Russia?

Arctic, Economy, Business, Investment, Trade, Military, Oil, Gas, Energy
File Photo of Polar Bear on Ice and Snow with Water Nearby

(Russia Beyond the Headlines – rbth.ru – Maria Karnaukh, special to RBTH – November 1, 2013) Many countries would like to tap into the Arctic’s vast hydrocarbon resources, but Russia is the only nation so far to have risked hefty investments in the region. Experts wonder whether Moscow will be successful in selling Arctic oil at $200 or more per […]

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30 ways to become rich before you reach 30

Economy, Business, Investment, Trade
File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Russia Beyond the Headlines – rbth.ru – Olga Ivanova, RBTH – October 30, 2013) RBTH features the 30 most promising and successful Russian entrepreneurs under the age of 30 The most successful young entrepreneurs in Russia will receive international exposure with the launch of the 30 under 30 special feature [http://rbth.ru/30under30/list], which will be published on Oct. 30 by Russia […]

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The Other Russia

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Regions, Cities, Municipalities
File Photo of Car on Road in Siberian Town

(Window on Eurasia – Paul Goble – Staunton, October 30, 2013) Fifty years ago, Michael Harrington described the alternative universe of the poor in the United States in his classic and transformative “The Other America.”  Now, Russian researchers are pointing to the re-emergence of what might be called “the other Russia,” those from rural areas living in the shadows in […]

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Government Sees WTO Dividend One Year On

Economy, Business, Investment, Trade
WTO Logo

(Moscow Times – themoscowtimes.com – Guennadi Moukine – October 30, 2013) Membership in the World Trade Organization, or WTO, has increased Russia’s overall economic competitiveness, Prime Minister Dmitry Medvedev said Tuesday at a review of the impact of the country’s participation a year after ascension. However, Russia needs to learn how to fully utilize the opportunities presented by membership, including […]

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Russian government selects Far East development model

Politics, Government, Protests, Elections

KHABAROVSK. Oct 29 (Interfax) – The Russian Far East Development Ministry has put together a model for the Far East that will establish a network of export oriented zones in the region. Other ministries have not yet reached a consensus on this issue, but Prime Minister Dmitry Medvedev has already issued some instructions. Export to Russia irrational In a meeting […]

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Medvedev: New influential alliances must be monitored

Economy, Business, Investment, Trade
Dmitry Medvedev file photo

GORKI. Oct 29 (Interfax) – Prime Minister Dmitry Medvedev has urged the government to analyze the emerging alliances, such as the Trans-Pacific Partnership and the free trade zone between Ukraine and the European Union which, he said, could impact Russia’s economic interests. “While tacking issues related to the World Trade Organization one cannot disregard other processes in the global economy. […]

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Interfax: Medvedev welcomes Russia’s 92nd place in Ease of Doing Business ranking

Economy, Business, Investment, Trade
Empty Boardroom

GORKI, Moscow region. Oct 29 (Interfax) – Russian Prime Minister Dmitry Medvedev has spoken positively of Russia’s progress in the 2013 Ease of Doing Business survey compiled by the World Bank and the International Finance Corporation. “Absolutely, this movement upwards in the Doing Business rating is a pleasing result for our economy. I hope that this result has been achieved […]

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Putin’s $48 Billion Olympic Legacy Faces 100-Day Sprint to Open

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Sports, Olympics, World Cup
File Photo of Sochi Olympics Banner Near Highway in Warm Weather with Vehicle and Cyclicsts Nearby

(Bloomberg – bloomberg.com – October 29, 2013 – Jake Rudnitsky) One hundred days before the start of the most expensive Winter Olympics, President Vladimir Putin’s $48 billion vision of a newly empowered Russia rests in the hands and shovels of laborers working around the clock. Construction continues on the main stadium, hotels and athlete housing for the Feb. 7-23 Winter […]

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Interfax: Head of AmCham in Russia praises Moscow investment climate

Economy, Business, Investment, Trade
File Photo of Outdoor Electronic Sign with Russian Exchange Data

NEW YORK. Oct 28 (Interfax) – The head of the American Chamber of Commerce (AmCham) in Russia, Andrew Somers, has praised the investment climate in Moscow and claimed that the environment for doing business in the city has improved significantly over the last few years. Somers, who was speaking on Monday at a forum in New York entitled “Invest in […]

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Russia shoots up World Bank’s Doing Business ranking

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

(Business New Europe – bne.eu – October 29, 2013) Russia has shot up the rankings of the World Bank’s annual Doing Business index this year. According to the survey, its now easier to do business in Russia than in China, the previous stand-out leader in the ranking amongst the five Brics nations. “Improving the investment climate is a top policy […]

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RIA Novosti: Medvedev Says ‘Fast-Growing’ China Poses No Danger to Russia

China
China Map

MOSCOW, October 26 (RIA Novosti) ­ Russia has nothing to fear from the fast-growing China, but could benefit from this cooperation, Prime Minister Dmitry Medvedev said in a televised interview Saturday. In an interview with Vesti on Saturday on Russia 1 TV channel, Medvedev said Russia should cooperate with Beijing in high-technology areas, adding that China, the world’s second largest […]

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BRICS should consolidate efforts to defend themselves within WTO – Russian Chamber of Commerce head

Politics, Government, Protests, Elections
File Photo of Flags of BRICS Nations and BRICS Logo from Past Summit

NOVO-OGARYOVO. Oct 28 (Interfax) – Sergei Katyrin, the head of the Russian Chamber of Commerce and Industry, has suggested to President Vladimir Putin that the BRICS countries should consolidate their efforts in defending their positions in the World Trade Organization (WTO). “We consider the possibility of working together with BRICS. Separately, we probably do not exceed the leading countries or […]

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Interfax: Medvedev urges maximum use of WTO protection mechanisms

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas
Dmitry Medvedev file photo

(Interfax – October 29, 2013) Russia should fully use the dispute settlement opportunities provided by the World Trade Organization (WTO), Prime Minister Dmitry Medvedev said. “It is important to correctly use the opportunities provided by WTO membership, to use the allowed mechanisms and procedures to furthest possible extent, including the WTO dispute settlement body,” he said at a conference devoted […]

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Average funeral cost in Russia is $830

Economy, Business, Investment, Trade
Kremlin and St. Basil's

MOSCOW. Oct 28 (Interfax) – The average cost of a package of ritual services in Russia is now $830, Alexei Suloyev, chairman off the Guild of Ritual Service Organizations of the Moscow Chamber of Trade and Commerce, said. “Russia is at the bottom of the list for this indicator,” Suloyev said at an international conference of funeral business experts held […]

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Under Putin, Russia Becoming a Third World Country, Nationalists Say

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
File Photo of Vladimir Putin at Valdai Club 2013 Meeting, Adapted from Screenshot of Valdai Club Video at youtube.com

(Window on Eurasia – Paul Goble – Staunton, October 28, 2013)  Russian nationalists and others have regularly criticized Vladimir Putin for building an economy and hence a state that relies on the export of raw materials rather than the development of industry and investment in human capital. But now two of them have stepped up this attack and argued that […]

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Putin Has Last Crack at Yanukovych’s EU Dream

CIS, Customs Union, Eurasian Union, Economy, Business, Investment, Trade, Europe, EU, Foreign Policy, Security, Visas, Ukraine, Russo-Ukrainian War
File Photo of Ukrainians with Ukrainian Flag in Public Square Near Tower with Golden Dome

(Moscow Times – themoscowtimes.com – Alexander Panin – October 25, 2013) Turkey is interested in joining the Customs Union of Russia, Belarus and Kazakhstan, and India also wants closer ties with the organization, President Vladimir Putin said at the EurAsian Economic Community summit in Minsk on Thursday. But some political analysts saw the summit in Minsk, which for the first […]

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Gazprom Completes First Solo Offshore Project

China, Economy, Business, Investment, Trade, Far East, Siberia, APEC, Japan, Oil, Gas, Energy
Map of Northern Japan, Kurill Islands, Sea of Okhotsk, Portions of Russian Far East

(Moscow Times – themoscowtimes.com – Anatoly Medetsky – October 25, 2013) Gazprom has started to operate the first offshore field that it has developed on its own, in a test of its power to perform the challenging task without foreign partners. Sitting off the Pacific island of Sakhalin, the Kirinskoye field will feed natural gas to Asia, as demand from […]

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Interfax: We won’t close market for Ukrainian goods but no more benefits – Putin

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
Russian Naval Vessel in Ukrainian Port

MOSCOW. Oct 24 (Interfax) – Russia will not close its market for goods from Ukraine if the latter signs an association with the European Union, but Ukrainian products will no longer enjoy benefits, Russian President Vladimir Putin said. There is a free-trade zone in the CIS of which both Russia and Ukraine are participants, he said at a press conference […]

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Russia will not abandon market reforms

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Boris Titov file photo

(Russia Beyond the Headlines – rbth.ru – Gleb Fedorov, RBTH  – October 24, 2013) Business ombudsman Boris Titov tells RBTH why Russia needs an economic amnesty and how to improve the country’s business climate. Boris Titov, owner of Russia’s largest champagne producer, is no stranger to pressure from officials. Now, in the position of Presidential Ombudsman for Entrepreneurs’ Rights, he […]

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Putin: Ukraine cannot be simultaneously EU associated member, Customs Union member

CIS, Customs Union, Eurasian Union, Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
EU Map

MINSK. Oct 25 (Interfax) – Russian President Vladimir Putin has stressed once again that Ukraine cannot be simultaneously an EU associated member and a Belarusian-Kazakh-Russian Customs Union member. Speaking to journalists in Minsk on Friday, Putin pointed out that the association agreement between Ukraine and the EU says that all possible integration associations Ukraine would wish to join in the […]

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Poverty still seen as main problem in Russia – poll

Economy, Business, Investment, Trade
File Photo of Migrant Workers Sleeping Quarters

MOSCOW. Oct 23 (Interfax) – Poverty, inflation, corruption and housing shortages are still the main headaches for Russians but migrant labor, which wasn’t on their list of typical worries eight years ago, has since become a serious national problem in their view. More people see ethnic relations as Russia’s main problem than in 2005. About one quarter of the population […]

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Mickey Mouse coming to Moscow in 2014

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations

(Business New Europe – bne.eu – October 23, 2013) The list of foreign retailers setting out their stall in Russia will get a colourful addition next year, with US entertainment giant Walt Disney planning to open three themed stores in Moscow and St Petersburg in 2014. The merchandising arm of the film and cartoon maker is set to launch toy […]

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Kudrin says Russian economy cannot do without migrants

Economy, Business, Investment, Trade
Alexei Kudrin file photo

ST. PETERSBURG. Oct 22 (Interfax) – The Russian economy will have difficulties functioning without migrant workers, former Russian Finance Minister Alexei Kudrin said. “Russia will become a country with workforce deficit in the coming years…We currently cannot do without migrant workers. But migration should be regulated, it should be legal,” Kudrin told reporters in St. Petersburg on Tuesday during the […]

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IMF urges Russia to reform economic policy

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

WASHINGTON. Oct 22 (Interfax) – Russia needs to conduct extensive economic policy reform with the emphasis on attracting investment, pursue a firm budget policy and make more efficient use of resources as the post0crisis factors that drove economic growth in the country are now exhausted, the International Monetary Fund (IMF) said in its annual report on the Russian economy. “Growth […]

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Focus on Asia-Pacific would improve investment climate in Far East – minister

Economy, Business, Investment, Trade, Far East, Siberia, APEC
Map of Asia-Pacific Highlighting APEC Member States

MOSCOW. Oct 21 (Interfax) – The investment appeal of Russia’s Far East has been seriously hampered by Soviet stereotypes of economic regionalism with a focus on the European part of Russia, when the focus should be on the Asia-Pacific region, Far East Development Minister Alexander Galushka believes. “We’ve had to face a fairly large number of stereotypes in the formation […]

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