JRL NEWSWATCH: “Kudrin renews push for tough policy talk” – Bear Market Brief

Alexei Kudrin file photo

“… Kudrin, went on record with RBK ahead of today’s ‘Russia Calling’ economic forum, asserting that in the last decade Russia has experienced economic stagnation unseen since the Second World War. He appears to be continuing his search for a public, honest discussion of foreign policy. … … annualized GDP growth at 1% over the last ten years … predat[ing] […]

» Read more

JRL NEWSWATCH: “Threat of new Russia sanctions forces foreign investor rethink” – Reuters/ Karin Strohecker, Marc Jones

VTB Bank File Photo

“The Kremlin’s latest standoff with Ukraine in the Azov Sea is forcing foreign investors to reconsider Russia, which faces the possibility of even more stringent Western sanctions.  European Union leaders are expected to soon extend existing sanctions on Russia, although some senior politicians have also called for imposing fresh ones.  But the bigger risk is that Washington could opt to […]

» Read more

RUSSIALINK: “What Drives the Russian State; To understand what makes Putin and his allies act the way they do, you need to look beyond the myths” – New York Times/ Alexander Baunov/ Carnegie Moscow

Map of Commonwealth of Independent States, European Portion

“Since … Putin came to power … analysis of Russia … has largely focused on two interpretations …. The first argues that Russia is a mafia state in which the main aim of the ruling elite is to steal money at home to conceal and spend abroad. The second states that Mr. Putin is a hostage of his own popularity […]

» Read more

JRL NEWSWATCH: “Congress Likely to Shelve New Russia Sanctions as Clock Runs Out” – Bloomberg/ Saleha Mohsin, Laura Litvan, Anna Edgerton, Daniel Flatley

U.S. Capitol in Bright Sunlight

“Congress isn’t expected to pass legislation ordering new U.S. sanctions on Russia before the end of the year, as lawmakers focus instead on government spending measures, judicial nominations and a farm bill, key senators said. A bipartisan group of senators moved swiftly over the summer to assemble new proposals for Russia sanctions …. But as Congress enters the so-called lame […]

» Read more

The Biggest Threat To Dollar Dominance

Diverse Paper Currency, Coins, Line Graph

(Oilprice.com – Irina Slav – November 12, 2018) Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea by Moscow, Reuters reported last week, citing as many as seven industry sources. While it may have come as a surprise to the […]

» Read more

JRL NEWSWATCH: “Russia clashes with Western oil buyers over new deals as sanctions loom” – Reuters

Oil Well file photo

“Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions. … Western oil majors and trading houses have clashed with Russia’s third and fourth biggest producers, Gazprom Neft and Surgutneftegaz, over 2019 oil sales contract terms during […]

» Read more

JRL NEWSWATCH: “The tenth city: Rostov-on-Don; We move to Russia in our series on Europe’s second-tier cities; Ancient trading traditions have survived Bolshevism and war” – The Economist

Map of Commonwealth of Independent States, European Portion

“… [Rostov-on-Don has] roots as a trading hub …. Russia’s gdp growth is slow at around 1.5% … [yet] the Rostov region is … at twice that … powered by booming farming, retooled manufacturing and an active citizenry. … [G]eography, tradition and mild weather make[] Rostov among Russia’s most entrepreneurial cities. … [where] 44% of the workforce is employed in […]

» Read more

RUSSIALINK: “Sanctions undermine international system, time bomb planted under WTO – Medvedev” – Interfax

Dmitri Medvedev file photo

BEIJING. Nov 7 (Interfax) – International sanctions have planted a time bomb under World Trade Organization (WTO) procedures, Russian Prime Minister Dmitry Medvedev said. “In fact, a time bomb has been planted under the WTO regimes now, which the WTO, World Bank, and IMF managers have talked about. So this is very bad,” Medvedev told journalists on Wednesday. The restrictive […]

» Read more

Can Russia Relieve The Iranian Oil Crisis?

Iran Map and Flag

(Oilprice.com – Vanand Meliksetian – October 30, 2018) Charles de Gaulle once said: “no nation has friends, only interests.” Cooperation between Russia and Iran has been increasing over the years. The countries are drifting towards each other due to shared interests over topics such as Syria and opposition to a unipolar world led by the U.S. Although Moscow and Tehran […]

» Read more

JRL NEWSWATCH: “Russia, wary of U.S. sanctions, puts saving before growth” – Reuters/Darya Korsunskaya

Diverse Paper Currency, Coins, Line Graph

“Russia’s drive to fill state coffers to give itself a $200 billion buffer against threats like new U.S. sanctions … will come at the expense of economic growth. … With oil prices high, Russia has been steadily siphoning revenues from its major export into the National Wealth Fund (NWF). It has also raised oil industry taxes, hiked value-added tax and […]

» Read more

RUSSIALINK: “U.S. ‘Love’ of Sanctions Won’t Stop Moody’s Upgrading Russia” – Moscow Times

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

(Moscow Times – themoscowtimes.com – October 29, 2018) Moody’s Investors Service thinks it’s likely that the U.S. will sanction Russia’s sovereign debt. But it might just upgrade the country to investment grade anyway. “Those sanctions are likely to come because they would target what the administration has in mind: trying to impose pain on Russia,” Moody’s analyst Kristin Lindow said […]

» Read more

Let Them East Cheese: Russian Plant Thrives Amid Sanctions

Russia Map

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Dmitry Lyubimov, Tony Wesolowsky – Oct. 22, 2018 – also appeared at rferl.org/a/let-them-east-cheese-russian-plant-thrives-amid-sanctions-/29557433.html) Sergei Chernych proudly points to the gleaming Western-made stainless-steel machinery at his cheese factory in Mari El, a small republic in Russia’s Volga region. Production at the plant in Sernur, some 90 kilometers east of the […]

» Read more

JRL NEWSWATCH: “U.S. Sanctions Give Russian Economy an Unintended Boost; For months, rising dollar-denominated oil prices, falling ruble have worked to Moscow’s benefit” – Wall Street Journal/ Avantika Chilkoti

Oil Well file photo

“U.S. sanctions have driven the price of oil and the ruble apart – leaving Russia with expensive crude and a cheaper currency … helping its economy. The price of oil, Russia’s main export, has risen almost 14% since mid-August. … largely because of the coming resumption of U.S. sanctions against Iran, choking off the supply of crude from that country. […]

» Read more

RUSSIALINK TRANSCRIPT: “Dmitry Medvedev’s interview with Euronews TV channel” – GovernmentRu

Dmitri Medvedev file photo

(Government.ru – October 18, 2018 – government.ru/en/news/34370/) The Russian Prime Minister answers questions of TV host Tesa Arcilla ahead of the 12th ASEM Summit, which is to take place on 18-19 October in Brussels. Tesa Arcilla: Joining us on the programme is Russian Prime Minister Dmitry Medvedev. Thank you very much, Mister Medvedev, for joining us on the programme. Earlier […]

» Read more

JRL NEWSWATCH: “Russia Sanctions Unlikely to Pass Congress Before November” – Bloomberg/ Arit John, Anna Edgerton, Natasha Doff (Sept. 27, 2018)

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

“… Congress is unlikely to pass any new sanctions on Russia, including proposals that would affect its sovereign debt and energy projects, until after … November elections. The House is likely to go on recess … and not return until after Nov. 6 balloting, according to a Republican aide and a lawmaker. No bills on sanctions against Russia are scheduled […]

» Read more

The ‘Who, What, When’ of Russia Sanctions: A Cheat Sheet for Laymen

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

(Russia Matters – russiamatters.org – Alexey Eremenko – September 26, 2018 – russiamatters.org/analysis/who-what-when-russia-sanctions-cheat-sheet-laymen) Alexey Eremenko is a Moscow-based analyst with Control Risks, a global business-risks consultancy. Russia watchers are still debating whether or not current tensions between Moscow and the U.S. are a new Cold War, but whatever the conflict gets called in the history books, all will agree that […]

» Read more

JRL NEWSWATCH: “[Re: Sanctions]”- Andrew Kuchins

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

(Andrew Kuchins, Senior Fellow, Center for Eurasian, Russian and East European Studies (CERES), Georgetown University – Facebook – September 21, 2018) [embedded live feed of post should load below; text and link also posted further down in case loading is delayed] “There are so many things wrong about sanctions, and Doug Bandow captures many here. The biggest problem is their […]

» Read more

More U.S. Sanctions On Russia Would Be Counter Productive

U.S. Capitol in Bright Sunlight

(Oilprice.com – Nicholas Trickett – September 20, 2018 – oilprice.com/Energy/Energy-General/More-US-Sanctions-On-Russia-Would-Be-Counter-Productive.html) Hoping to push back against Russia and prevent president Trump from changing current policy, the Senate has produced two new sanctions bills: the Defending Elections from Threats by Establishing Redlines (DETER) Act and the Defending American Security from Kremlin Aggression Act (DASKAA). Both would create a new set of harsh […]

» Read more

JRL NEWSWATCH: “IMF Executive Board Concludes 2018 Article IV Consultation with the Russian Federation”

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

(International Monetary Fund (IMF) – Sept. 12, 2018) IMF Executive Board Concludes 2018 Article IV Consultation with the Russian Federation [Full staff report: imf.org/en/Publications/CR/Issues/2018/09/12/Russian-Federation-2018-Article-IV-Consultation-Press-Release-Staff-Report-46226] [Vedomosti: IMF supports Russia’s pension reforms. МВФ поддержал повышение пенсионного возраста в России vedomosti.ru/economics/news/2018/09/13/780763-mvf ] “… parametric pension reform, including raising the statutory retirement age and limiting early retirement, remains critical for intergenerational equity …. While […]

» Read more

RUSSIALINK: “U.S. Tells Russia it Could Avoid Novichok Sanctions in Exchange for Chemical Inspections” – Moscow Times

Artist Rendition of Barrel with Poison Symbol on It, Oozing Green Material

(Moscow Times – themoscowtimes.com – September 14, 2018) The United States has said Russia would be able to avoid a second, more punishing round of sanctions over the nerve-agent attack in Britain if it allows chemical weapons inspections. The U.S. sided with the U.K. last month in concluding that Moscow had used a nerve agent against a former Russian agent […]

» Read more

NEWSLINK: “Aiming at Putin With Sanctions, U.S. May Hit Emerging World” – Bloomberg/Olga Tanas, Anna Andrianova, Alexandra Stratton, Gregory White, Alec McCabe

Diverse Paper Currency, Coins, Line Graph

“… What was scaring investors was happening down the street from the IMF lecture, in a Senate hearing where legislators were debating new sanctions on Russia. One of the proposals under consideration has been dubbed the ‘bill from hell,’ in part because it includes a ban on buying new sovereign debt. …”

» Read more

RUSSIALINK: “U.S.’ reliance on sanctions reaches climax – Kosachyov” – Interfax

Federation Council file photo

MOSCOW. Sept 13 (Interfax) – The United States would have been dubbed as a rogue country if all countries that have experienced the U.S.’ interference in their affairs had imposed sanctions on Washington, Federation Council Foreign Affairs Committee Chairman Konstantin Kosachyov wrote on Facebook. “Let us not forget the fact that sanctions for foreign interference have been imposed by the […]

» Read more

Senate Testimony of Ambassador Michael McFaul;Outside Perspectives on Russian Sanctions: Current Effectiveness and Potential for Next Steps [Excerpt]

Ambassador Mike McFaul file photo

Testimony of Ambassador Michael McFaul [Excerpt] Director, Freeman Spogli Institute for International Studies, Professor of Political Science, and Hoover Institution Senior Fellow at Stanford University U.S. Senate Committee on Banking Outside Perspectives on Russian Sanctions: Current Effectiveness and Potential for Next Steps September 6, 2018 [PDF Full text here: https://www.banking.senate.gov/imo/media/doc/McFaul%20Testimony%209-6-18.pdf] In the last several years, the Russian government has taken […]

» Read more

Russian Officials Warn Google Not To ‘Meddle’ In Elections By Hosting Navalny Videos

File Image of Laptop Computer, Tables and Mobile Device, adapted from image at energy.gov

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Sept. 5, 2018 – also appeared at rferl.org/a/russian-officials-warn-google-not-meddle-in-elections-hosting-navalny-videos-youtube/29472527.html) Russian officials say they have warned U.S. Internet giant Google against “meddling” in local elections scheduled for this weekend by allowing Kremlin foe Aleksei Navalny to post videos calling for mass protests on YouTube. Representatives of Russia’s election commission, the Prosecutor-General’s Office, […]

» Read more

Russia is in a Stalemate Today But Can’t Stay There for Long, Shevtsova Says

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

(Paul Goble – Window on Eurasia – Staunton, August 31, 2018) Russia is in a stalemate today because the Kremlin “cannot accept the sanction-backed demands of the West without losing face,” but it also cannot act as if it is indifferent to the sanctions because they are undermining Russia’s ability to remain a great power, Liliya Shevtsova says. As a […]

» Read more

JRL NEWSWATCH: “A thickening web; America’s escalating Russian sanctions; Despite Donald Trump, Russia is being hit harder and harder” – The Economist

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

“… In August alone, America has slapped penalties on Russian shipping firms accused of trading oil with North Korea; imposed restrictions on the arms trade in connection with the poisoning of … Skripal …; and begun congressional hearings on … legislation designed to punish Russia for its interference in elections. Further Skripal-linked measures may follow in three months’ …. Markets […]

» Read more

JRL NEWSWATCH: “Russian oil and gas groups shrug off sanctions; Higher crude prices and weakened rouble bolster producers’ profits” Financial Times/Henry Foy

Gas Facility file photo

“Higher energy prices and a weakened rouble saw second-quarter profits soar at three of Russia’s largest oil and gas groups … the country’s energy industry … has weathered international sanctions to reap strong earnings. Gazprom, the world’s largest gas producer, said … second-quarter profits had risen an annual 440 per cent … both exports to Europe and average prices jumped. […]

» Read more

JRL NEWSWATCH: “Moody’s says effect of recent sanctions will be limited” – Bear Market Brief BMB Russia

Cash, Calculator, Pen

“A new Moody’s report says … U.S. sanctions imposed on Russia … in response to the Skripal poisoning will have little effect [on] the economy. New sanctions to come in the fall, however, could aggravate the structural limitations of Russian growth and lead to problems with bank financing. … Loose monetary policy will likely to be the first casualty, with […]

» Read more

JRL NEWSWATCH: “Busting Nord Stream 2 myths” – bne Intellinews/Ben Aris

Gas Flame file photo

“The proposed expansion of the capacity of the Nord Stream gas pipeline in Europe’s north, running from Russia’s Yamal gas fields to the German coast, has split Europe …. detractors claim it will make Europe more dependent on Russian gas and give the Kremlin a bigger club … to bully the rest of Europe. … supporters say it will diversify […]

» Read more

RUSSIALINK: “Inflation on the Rise for Russians” – Moscow Times

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – August 27, 2018) The cost of money is rising for Russians well ahead of any potential central bank move to lift interest rates for the first time in almost four years amid concern the U.S. may impose fresh sanctions. State-run Sberbank PJSC, which holds almost half of all Russian savings, is increasing rates for ruble […]

» Read more

U.S. Sanctions Wreak Havoc On Russia’s Oil Industry

Oil Well file photo

(Oilprice.com – Tsvetana Paraskova – August 23, 2018) [Text with links: oilprice.com/Energy/Energy-General/US-Sanctions-Wreak-Havoc-On-Russias-Oil-Industry.html] The U.S. sanctions on Russia have affected investment in Russian oil and gas exploration projects, U.S. officials say, while Congress is considering further sanctions on the energy and banking sectors to punish Moscow for the threat it poses to the United States. At Senate hearings on Tuesday, a […]

» Read more

JRL NEWSWATCH: “Russia’s financial authorities are putting the economy on an ‘economic war’ footing as sanctions bite” – bne Intellinews/Vadim Dumes/Ben Aris

Diverse Paper Currency, Coins, Line Graph

“The sanctions[-]based assault on Russia by the U.S. and its expanding sanctions regime is starting to take its toll as the Russian government and financial authorities [are scrambling] to manage the damage … affecting everything from corporate profits to foreign currency reserves. Earlier this month … The Central Bank of Russia (CBR) said it will stop its regular foreign currency purchases […]

» Read more

NEWSLINK: “Russia’s got the gas and is ready to set fire to our system of democracy” – Miami Herald/Markos Kounalakis

Kremlin and River

“… even a currency crunch won’t stop Russia’s foreign interventions because, despite punitive sanctions, the price of oil, ultimately, pays for its troublemaking. High energy prices are the cost of power transferred from Europe and the United States to Russia and other petrostates. The higher the Brent crude price and the market for natural gas, the greater Russia’s domestic tranquility […]

» Read more

TRANSCRIPT: “U.S. Strategy Toward the Russian Federation [Senate Testimony by Assistant Secretary of State A. Wess Mitchell” – State Department

Fille Photo of A. Wess Mitchell and Marshall Billingslea Sitting at Hearing Table, adapted from ee.usembassy.gov by Steve Welsh www.stevencwelsh.com :: www.stevencwelsh.info

US Department of State U.S. Strategy Toward the Russian Federation [https://www.state.gov/p/eur/rls/rm/2018/285247.htm] Remarks A. Wess Mitchell Assistant Secretary, Bureau of European and Eurasian Affairs Senate Foreign Relations Committee Washington, DC August 21, 2018 As delivered Chairman Corker, Ranking Member Menendez, thank you for inviting me to testify today. If you’ll indulge me, I want to start with a piece of welcome […]

» Read more

JRL NEWSWATCH: “The right way to sanction Putin’s Russia” – Reuters/William Courtney

File Photo of Mikhail Gorbachev and Ronald Reagan at Table Signing Documents

“The United States and … allies are increasingly frustrated over malign activities by Russia. Moscow wages war in Ukraine, abets brutality in Syria, interferes in elections, and poisons opponents. … Washington has imposed sanctions and closed Russian consulates … and vacation estates in Maryland and New York, all believed to be used by … Putin’s government for intelligence purposes. This […]

» Read more

Analysts: Russia’s Oil Industry Won’t Crumble Under U.S. ‘Bill From Hell’

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

(Oilprice.com – Tsvetana Paraskova – August 17, 2018) The ‘bill from hell’ of hard-hitting sanctions against Russia that U.S. Senators introduced earlier this month is unlikely to have a wide-ranging impact on Russia’s oil industry, analysts and economists tell Reuters. Since the United States slapped sanctions on Russia in 2014 over the Crimea annexation, Russian oil firms have drastically cut […]

» Read more

RUSSIALINK: “The Russian Sanctions Bill Proposed by Congress, Explained” – Moscow Times

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

The latest U.S. sanctions bill announced earlier this month was published on the website of Congress on Tuesday and includes sweeping restrictions on investment in new Russian sovereign debt and bank operations. [congress.gov/bill/115th-congress/senate-bill/3336/text?r=12#toc-id10F125618FBE42A2826B31DE3B988FE0] News of the bill sent the ruble tumbling to two-year lows and sparked a wider asset sell-off. Less than a month after the first Russian-U.S. presidential summit […]

» Read more

JRL NEWSWATCH: “Turkey Shifts Toward Russia as Sanctions Sour U.S. Relations; Foreign ministers slam Western sanctions, as Erdogan plans boycott of U.S. electronic goods” – Wall Street Journal/David Gauthier-Villars

Turkey and Environs Satellite Image

“… Erdogan … stepped up his attacks on the U.S. … Tuesday, calling for a boycott of Apple … iPhones and other U.S. electronic goods … his foreign minister joined his Russian counterpart … criticizing Western sanctions. Turkey, a longtime [NATO] ally, has been caught between the West and Russia. This week, officials in Ankara were leaning decidedly toward Moscow. […]

» Read more

Moscow has Made ‘Unforgivable Mistake’ of Setting West against Russia for the Long Term, Shevtsova Says

File Photo of G7 Leaders and other Officials Around Round Table at the Hague, with Flags

(Paul Goble – Window on Eurasia – Staunton, August 15, 2018) The Russian regime has made “the unforgivable mistake” of acting against the West in ways that have made Russia a key part of the domestic politics of the U.S. and European countries and guaranteed that the West will continue its sanctions regime against Moscow for a long time to […]

» Read more

Nigel Gould-Davies: “BOFIT Policy Brief: Assessing Western Sanctions”

Diverse Paper Currency, Coins, Line Graph

Subject: BOFIT Policy Brief: Assessing Western sanctions Date: Tue, 14 Aug 2018 From: Nigel Gould-Davies <nigelgd.office@gmail.com In case of interest to JRL, my policy brief for the Bank of Finland’s Institute for Economies in Transition (BOFIT) on “Economic effects and political impacts: Assessing Western sanctions on Russia”, just published: helda.helsinki.fi/bof/bitstream/handle/123456789/15832/bpb0818.pdf?sequence=1&isAllowed=y Abstract: This brief assesses the effectiveness of Western sanctions on […]

» Read more

JRL NEWSWATCH: “Newest U.S. Sanctions Against Russia Hit an Economic Nerve” – AP

File Photo of White House with South Lawn and Fountain

“… The Trump administration announcement of export restrictions in response to accusations Moscow used a nerve agent to poison a former Russian spy in Britain sent the ruble tumbling to a two-year low and drew a stern warning from [Medvedev]. While the initial sanctions may have a limited impact, a second batch expected within months could hit the Russian economy […]

» Read more

JRL NEWSWATCH: “The Administration Gets Tough on Russia – Despite Trump; The president holds chummy meetings with Vladimir Putin, while his administration imposes new sanctions.” – New York Times Editorial

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

“… [N]ew sanctions imposed on Russia … [feature] a ban on export of anything with a potential military use, announced by the State Department …. Putin’s Russia is asking for punishment when his agents use a chemical weapon against a double agent, brazenly meddle in Western elections, cheat in international sports, ruthlessly ravage Ukrainian territory or violate human rights. … […]

» Read more

RUSSIALINK: “Experts discuss Russian responses to new U.S. sanctions” – Bear Market Brief

State Department Building and U.S. Flag

“… On Friday, PM Dmitry Medvedev called potential new US sanctions ‘economic war,’ noting that Russia must respond with economic, political, and if necessary, other methods. Today, Russian … [commentators] discuss Moscow’s options. …”

» Read more

NEWSLINK: “Factbox: U.S. Companies With Exposure to Russia” – Reuters

State Department Building and U.S. Flag

“… But new developments have raised the possibility of fresh challenges for U.S. companies in Russia. The United States on Wednesday announced it would impose fresh sanctions on Russia after Washington determined Moscow had used a nerve agent against a former Russian double agent, Sergei Skripal, and his daughter, Yulia, in Britain. Russia on Thursday condemned the new round of […]

» Read more

RUSSIALINK: “Russia Can Weather Any New U.S. Sanctions, Says Moody’s” – Moscow Times

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – August 7, 2018) Russia will be able to weather new sanctions from the United States following a series of steps it took to reduce its vulnerability to future penalties, said Moody’s analyst Kristin Lindow. The U.S. levied sanctions against businesses held by Kremlin-linked oligarchs in April as punishment for alleged interference in the 2016 presidential […]

» Read more

RUSSIALINK: “Revision of sanctions could start with lifting restrictions on Russian, U.S. lawmakers – Slutsky” – Interfax

Russian State Duma Building file photo

MOSCOW. Aug 6 (Interfax) – The mutual lifting of sanctions against legislators could be a first step toward the revision of the entire set of sanctions in place between Russia and the United States, State Duma Foreign Affairs Committee Chairman Leonid Slutsky said. “We understand that for today, the lifting of sanctions today is a utopian idea, but, just as […]

» Read more

JRL NEWSWATCH: “U.S. to impose ‘crushing’ set of sanctions on Russia’s debt and oil” – bne Intellinews/Ben Aris

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

“A proposed ‘crushing’ bipartisan bill introduced by the … Senate … will not be debated until … autumn and many … harsh terms could be considerably watered down, Luis Saenz, … co-head of equities at BCS Global Markets said …. [The] bill … targets Russian debt and energy companies, designed to punish Russia for interfering in the U.S. presidential election, […]

» Read more

RUSSIALINK: “Western Sanctions on Russia’s Oil and Gas Sector: a Damage Assessment” – Carnegie Moscow/Tatiana Mitrova

Oil Well file photo

“Don’t be misled by Western sanctions’ limited impact on Russia. In reality, they operate with an accumulating effect: the more time passes, the greater the potential technological backlog, financing gap, and negative consequences will be. In the long run, sanctions may jeopardize Russia’s oil and gas production volumes and the development of pipeline infrastructure, gradually squeezing the country out of […]

» Read more

RUSSIALINK: “Large Russian Companies Are Turning Inward; The mobile operator Megafon’s plan to delist in London is the latest sign that the West is becoming inhospitable” – Leonid Bershidsky/Bloomberg

Hand Pulling Cash from Envelope

“The planned delisting of Megafon PJSC, Russia’s second-biggest mobile operator, from the London Stock Exchange is no ordinary event. The company is one of the most liquid Russian stocks trading overseas, and its exit is further evidence that the country’s businesses are turning inward as exposure to the West becomes increasingly problematic. In 2011, almost 70 Russian companies’ depositary receipts […]

» Read more

RUSSIALINK: “Provision on criminal liability for complying with Western sanctions on Russian territory may be removed from bill – Volodin” – Interfax

Russian State Duma Building file photo

MOSCOW. July 10 (Interfax) – Russian MPs may remove the provision criminalizing compliance with Western anti-Russian sanctions in the country from a draft bill that is currently under consideration in the lower house of the Russian parliament, State Duma Chairman Vyacheslav Volodin said. “Everyone, including the business community, experts and deputies, have reached consensus on the second part of the […]

» Read more
1 2 3 14