Putin’s New Favorite Official Plans Ministry of Future to Revamp Economy

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

(Bloomberg – bloomberg.com – Evgenia Pismennaya, Andrey Biryukov, Ilya Arkhipov – August 25, 2017) The odds were against Maxim Oreshkin. With only three years of government experience when President Vladimir Putin picked him to lead Russia’s Economy Ministry late in 2016, Oreshkin was considered a political lightweight. He got a ministry at risk of being taken over by the more […]

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Russian money laundering: how does it work?

Hands Opening Envelope Containing Cash

(opendemocracy.net – April 8, 2013 – Pavel Usanov) Pavel Usanov is head of the Hayek Institute for Economy and Law in St. Petersburg and Reader at the Higher School of Economics. Cyprus’s monetary crisis has drawn international attention to the island’s role as a tax haven and money laundry for Russia’s rich. Meanwhile, Putin has announced a crackdown at home […]

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Putin Backs Russian Pension Revamp Opposed by Finance Ministry

File Photo of Two Elders Walking Outdoors

(Bloomberg – bloomberg.com – Ilya Arkhipov and Olga Tanas – November 14, 2012) Russian President Vladimir Putin backed a planned pension overhaul opposed by the Finance Ministry, Economy Ministry and asset managers, who warn it would curb economic growth. The Labor Ministry plan would divert taxes from future retirement plans to meet current pension payments and narrow the state system’s […]

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