Tag Archive for Trade

Ukraine-Russia: Headlines get worse but gas is the key indicator

Map of Commonwealth of Independent States, European Portion

(Business New Europe – bne.eu – Chris Weafer, Macro Advisory – April 14, 2014) “Let me warn you, if you start chasing after views, you’ll be left without bread and without views” Nikolai Gogol Weekend headlines will add to market nervousness today. The headlines from east Ukraine over the weekend will unsettle markets at the

RIA Novosti: Opinion: G7 in Decline, Confrontation With Russia Will Lead to Economic Problems

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

MOSCOW, April 11 (RIA Novosti), Luidmila Chernova – Russia’s exclusion from the G8 is a knee-jerk reaction provoked by short-sighted interests, which will ultimately lead to economic problems, according to Andrew McKillop, a former chief policy analyst at the European Commission Directorate General for Energy. “It’s a purely political stance, provoked by only political short-term

Burger King Expands Into Crimea After McDonald’s Exit

File Photo of Russian McDbnald's Crew with U.S. Diplomat

(Moscow Times – themoscowtimes.com – Peter Hobson – April 10, 2014) U.S. fast food giant Burger King plans to expand its chain into Crimea, filling the vacuum left when McDonald’s pulled out of the peninsula last Friday, citing unspecified supply issues. Burger King currently has no outlets in Crimea, which has been at the center

RIA Novosti: Capital Outflow from Russia Due to Ruble Rate, Not Crimea

File Photo of Cash, Coins, Line Graph

BERLIN, April 10 (RIA Novosti) – The outflow of capital from Russia is not tied to events in Ukraine, but to fluctuations in the exchange rate of the ruble, Russian First Deputy Prime Minister Igor Shuvalov said Thursday. “The outflow of capital is not mainly tied to Crimea, the outflow, of course, is connected with

Russia not to switch energy supplies from west to east over Ukraine – official

File Photo of Blue Flame from Natural Gas

(RIA Novosti – Beijing, April 0, 2014) Russia does not intend to switch energy exports from the western to the eastern direction because of an escalation of tension over Ukraine, Deputy Prime Minister Arkadiy Dvorkovich said on Wednesday [9 April] after a meeting with the co-chairs of the Russia-China energy cooperation committee . “At the

Over half of Ukrainians aspire to sign EU-Ukraine Association Agreement – poll

EU Map

KYIV. April 8 (Interfax) – Most Ukrainian citizens would like the EU-Ukraine Association Agreement, including establishing a free trade zone, to be signed as quickly as possible but stances as to when this should be done differ. According to the poll held by the Rating sociological group, the results of which Interfax obtained on Tuesday,

BNE: If Ukraine unravels, the EU will be lumped with the poor western half

Ukraine Map and Flag

(Business New Europe – bne.eu – April 7, 2014) With pro-Russian protests in eastern Ukraine turning violent and fears growing of a Russian incursion on the pretext of “protecting” ethnic Russian civilians, attention is now turning to what the economy of this country would look like were those regions to split. The answer: not good.

German Companies Remain Supportive of South Stream Gas Pipe

Gas Flame file photo

(Moscow Times – themoscowtimes.com – Alexander Panin – April 7, 2014) While Russia’s standoff with the West over Ukraine may have caused Italian energy group Eni to distance itself from the huge South Stream gas pipeline project linking Russia to Central Europe, partners from Germany, which is highly dependent on Russian gas, have stayed faithful.

Minister Sees End to U.S. IT Purchases

File Image of Stylized Eye Surrounded by Binary Code

(Moscow Times – themoscowtimes.com – March 27, 2014) U.S. spying could cost software companies said Communications and Mass Media Minister Nikolai Nikiforov, in a message attached to an Instagram shot of a recent Wall Street Journal article detailing renewed U.S interest in spying on Russia. “U.S. security services have put an end to the further

Soft war – when finance becomes continuation of politics by other means

File Photo of Cash, Coins, Line Graph

(Business New Europe – bne.eu – PERSPECTIVE – Roland Nash of Verno Investment Research – March 27, 2014) As the conflict between Russia and the West for influence in Ukraine unfolded, finance has found itself in the unfortunate position of sitting squarely in the front line. From the acceptance by Viktor Yanukovych of a $15bn

From Estonia to Azerbaijan: American Strategy After Ukraine

File Photo of Vladimir Putin and Barack Obama Seated Before Russian and U.S. Flags

(Stratfor.com – Geopolitical Weekly – George Friedman – Tuesday, March 25, 2014 – 03:08) As I discussed last week, the fundamental problem that Ukraine poses for Russia, beyond a long-term geographical threat, is a crisis in internal legitimacy. Russian President Vladimir Putin has spent his time in power rebuilding the authority of the Russian state within

Putin Tasks Trusted Lieutenant With Economic Development Of Crimea

Russian Naval Vessel in Ukrainian Port

(RFE/RL – rferl.org – March 24, 2014) Russian President Vladimir Putin named Deputy Prime Minister Dmitry Kozak, his long-time trusted lieutenant and trouble-shooter, on March 21 to oversee the economic development of the Re public of Crimea. Crimea and the city of Sevastopol were formally incorporated into the Russian Federation as individual federation subjects on

Russian official admits Crimean economy depends on links with Ukraine

Maidan Square file photo

(Interfax – Moscow, March 24, 2014) The potential of the Crimean economy will depend to a large extent on the development of its economic ties with Ukraine, Russian Deputy Minister of Economic Development Andrey Klepach told a briefing in Moscow on Monday. Asked what contribution the Crimean economy would make to the Russian economy, the

Contacts between G8 countries continue at expert level – Peskov

Kremlin and Saint Basil's

MOSCOW. March 25 (Interfax) – G8 contacts between countries that were held as part of preparations for the G8 summit in Sochi continue today at the expert level but in other formats, the Russian president’s press secretary Dmitry Peskov told Interfax. “Some meetings have been cancelled. Other meetings have been held in a broader format

BNE: No one can kick Russia out of G8

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

(Business New Europe – bne.eu – March 25, 2014) “I would never want to be member of a club that wanted me as a member,” Marco Grouch famously said. Russia’s foreign minister Sergei Lavrov came out with pretty much the same defence after Russia was suspended from participating in the G8 meetings and international leaders

VIDEO: What’s Next for Ukraine? – The Charlie Rose Show, with Sestanovich, Cohen and Bremmer

Russian Naval Vessel in Ukrainian Port

The Charlie Rose Show covers unfolding events in the ongoing crisis in Ukraine, including occupied Crimea. Rose talks with Stephen Sestanovich, Stephen Cohen and Ian Bremmer.  

Russia-Ukraine: Return of the Prometheans

Russian Naval Vessel in Ukrainian Port

(Business New Europe – bne.eu – Chris Weafer, Macro Advisors – March 24, 2014) “Taking a new step, uttering a new word, is what people fear the most” Fyodor Dostoyevsky, Crime and Punishment The threat is more important than existing sanctions. The sanctions announced so far do not directly cause any material disruption to the

Interfax: Moscow’s response to “mirror” U.S. sanctions, asymmetric measures being considered – Russian diplomat Sergei Ryabkov

Sergei Ryabkov file photo

MOSCOW/VIENNA. March 20 (Interfax) – Moscow may draft its own “blacklist” of American officials as part of a response that will “mirror” the sanctions imposed by the United States on Russia, Russian Deputy Foreign Minister Sergei Ryabkov said. “If Washington restarts measures to escalate tensions and confrontation, as well as attempts to tell us what

Interfax: Sergei Lavrov says Western sanctions on Russia are not lawful

Sergei Lavrov file photo

MOSCOW. March 20 (Interfax) – The sanctions imposed on Russia by the European Union and the United States do not have international legal grounds, Russian Foreign Minister Sergei Lavrov said. “Unilateral sanctions have never done any good. They are not legal. And they do not have international legal grounds,” Lavrov said at a State Duma

Crimea could face energy shortage, price hikes

Russian Naval Vessel in Ukrainian Port

(Russia Beyond the Headlines – rbth.ru – Tatyana Lisina, special to RBTH – March 15, 2014) Russia can supply water and electricity to the peninsula, but not immediately, which could result in problems for local residents. One of the concerns of local officials in Crimea should the peninsula decide to separate from Kiev is how

Kudrin on sanctions: Western banks already closing credit lines to Russian corporate sector

Alexei Kudrin file photo

ST. PETERSBURG. March 13 (Interfax) – Former Russian finance minister Alexei Kudrin is apprehensive about possible Western sanctions against Russia and said limitations in the banking sector have already begun. “I can say quite definitely: credit line limits for Russia are being closed,” said Kudrin, who is currently a member of the Presidential Economic Council.

Intellectual Property Rights Case Load Overwhelming Fledgling Court

Map of Russia

(Moscow Times – themoscowtimes.com – Delphine d’Amora – March 12, 2014) Overworked and understaffed, Russia’s fledgling Intellectual Property Rights Court is watching nervously as its case load continues to climb. “Compared to analogous courts in Europe, we have a very high case load … and an increase in workload leads to the risk of a

Punishing Putin Will Hurt the U.S. and Europe, Too

File Photo of Cash, Coins, Line Graph

(Bloomberg – bloomberg.com – editorial – March 6, 2014) As the U.S. and Europe consider financial sanctions to punish Russia for trampling on Ukraine’s sovereignty, they are coming up against an uncomfortable reality: Those sanctions tend to cut both ways. But how deep do they cut? Russia is far more financially intertwined with the West

Putin Adviser Urges Dumping US Bonds In Reaction to Sanctions

U.S. Treasury HH Series Savings Bond file photo

MOSCOW, March 4 (RIA Novosti) – An adviser to Russian President Vladimir Putin said Tuesday that authorities would issue general advice to dump US government bonds in the event of Russian companies and individuals being targeted by sanctions over events in Ukraine. Sergei Glazyev said the United States would be the first to suffer in

Ukraine Crisis Nets Billions of Dollars for Kremlin

Kremlin and Saint Basil's

(Moscow Times – themoscowtimes.com – Anatoly Medetsky – March 5, 2014) A cheaper ruble and more expensive oil could actually go a long way in improving Russia’s economy, possibly offsetting other potential aftershocks of the Ukraine crisis. U.S. Secretary of State John Kerry in interviews on Sunday identified the ruble’s slide as among Russia’s economic

UKRAINE ONLINE POLL: What would be Ukraine’s best course to follow?

Maidan Square file photo

[poll originally posted in late 2013] We would like to hear your opinion about unfolding events in Ukraine and welcome your participation in the following poll. Visitors can vote for up to three choices, and generally can vote once each day.  There also as an option to “fill in the blank.” After you have made

Ukraine Awaits Economic Impact of New Government’s Tension With Russia

Russian Naval Vessel in Ukrainian Port

(Moscow Times – themoscowtimes.com – Delphine d’Amora – February 26, 2014) As Russia ally and former Ukrainian president Viktor Yanukovych fled and a new government took over in Kiev this weekend, Russia awoke to unpaid debts and a question: how to deal with its neighbor’s government not only politically, but economically. “The main channel of

A reset for U.S.-Russian trade?

U.S. Map

(Russia Beyond the Headlines – rbth.ru – Viktor Kuzmin, special to RBTH – February 20, 2014) Russia’s Economic Development Minister heads to Washington next week for a series of talks in increasing bilateral trade relations. Russia and the United States will make another attempt early next week to revitalize bilateral trade during a working trip

NEWSLINK: Russia and the G8: Increased Prominence in International Affairs

File Photo of G8 Heads of State Outdoors in 2013

["Russia and the G8: Increased Prominence in International Affairs" - Valdai Discussion Club - Andrew Monaghan - February 18, 2014 - valdaiclub.com/russia_and_the_world/66904.html] Andrew Monaghan, Senior Research Fellow at Chatham House, assesses Russia’s role and position on the world stage, as they follow up the Sochi Olympics by hosting the G8 summit in several months: Some

NEWSLINK: Fast food conquers Russia, brings obesity

File Photo of Russian McDbnald's Crew with U.S. Diplomat

["Fast food conquers Russia, brings obesity" - ITAR-TASS - Lyudmila Alexandrova - February 18, 2014 - http://en.itar-tass.com/opinions/1676] ITAR-TASS tries to blame McDonald’s for Russian obesity: Russia’s first McDonald’s fast food restaurant opened on downtown Moscow’s Pushkinskaya Square in late January 1990, causing unprecedented buzz among Muscovites who formed a multi-kilometer line to taste American fast

It’s Bolotnaya, But Not As We Know It

iPad file photo

(RFE/RL – rferl.org – Tom Balmforth – MOSCOW – February 07, 2014) They’re gearing up to march on Moscow’s Bolotnaya Square. Two years ago, protesters rallied there against electoral fraud in the wake of the disputed December 2011 State Duma elections. In May 2012, they clashed with police on the eve of President Vladimir Putin’s

Russia to Send 32-Member Permanent Mission to WTO

WTO Logo

(Moscow Times – themoscowtimes.com – February 5, 2014) More than a year and a half after joining the World Trade Organization, Russia has decided the size of its permanent mission to promote the country’s interests at the body’s headquarters in Geneva. The mission will be staffed by 27 representatives of the Economic Development Ministry and

Russia proposes fresh round of U.S. trade talks

File Photo of Vladimir Putin Leaning Towards Barack Hussein Obama With Flags Behind Them

(Russia Beyond the Headlines – rbth.ru – David Miller, special to RBTH – January 31, 2014) Russian officials are looking to open talks on reducing trade barriers with the country’s former Cold War adversary, despite facing a host of political disagreements in other areas. Russia has proposed a new round of trade negotiations with the

Interfax: Russia to set up appraisal center for WTO issues

WTO Logo

(Interfax – January 29, 2014) Russian Prime Minister Dmitry Medvedev has ordered to set up an autonomous non-profit organization, a center for appraisal of World Trade Organization issues, jointly with the National Research University Higher School of Economics and Sberbank (MOEX: SBER), the Russian government website reported on Wednesday. “To establish jointly with the federal

Davos Discussions Disprove Russia’s Resurgence

File Photo of "World Economic Forum" Display at Davos from Past Session

(Pavel K. Baev – Eurasia Daily Monitor: Volume 11, Issue 16 – Jamestown Foundation – jamestown.org – January 27, 2014) So much self-congratulating has been emanating from the Kremlin following the spectacular triumphs of Russian foreign policy since September 2013, that the court of President Vladimir Putin prefers to ignore the fact that the annual

Delivery companies drop service to Russia over new customs laws

Truck at Russian Border Crossing

(Moscow News – themoscownews.com – Nathan Gray – January 24, 2014) International shipping companies are canceling consumer package services in Russia, as a new range of customs requirements are likely to raise fees and extend processing times for goods ordered from online stores based abroad. The changes, ostensibly intended to simplify assessment of customs fees

Interfax: Russia, U.S. plan to conclude several agreements on trade

File Photo of Vladimir Putin and Barack Obama Seated Before Russian and U.S. Flags

DAVOS. Jan 23 (Interfax) – Russia and the U.S. plan to conclude a number of agreements concerning trade, Deputy Prime Minister Arkady Dvorkovich and Economic Development Minister Alexei Ulyukayev told journalists following their meeting with a U.S. trade representative on the sidelines of the World Economic Forum in Davos. “There can be no talk of

Davos to Raise Awkward Questions

File Photo of "World Economic Forum" Display at Davos from Past Session

(Moscow Times – themoscowtimes.com – Anatoly Medetsky – January 20, 2014) Russian delegates at this week’s World Economic Forum in Davos could have to field uneasy questions about the country’s economic slowdown at a time when Western economies are regaining their confidence. Russia’s economic aid to Ukraine is also likely to surface during discussions at

The future’s bright – the future’s Lidl

Kaliningrad Map, adapted and cropped from army.mil image with credit to Jim Kistler, USAWC

(opendemocracy.net – Ola Cichowlas – January 7, 2014) Ola Cichowlas is a British-Polish freelance journalist. She covers Russian regional politics and the arts in provincial Russia. As Russia and the EU fight it out for Ukraine, Ola Cichowlas reports on a more positive initiative on another border, where Russians from Kaliningrad can travel to Gdansk

Exxon Russia Ambitions Show Oil Trumps Obama-Putin Spats: Energy

Polar Bear on Ice, Looking Back at Camera

(Bloomberg – bloomberg.com – Stephen Bierman – January 2, 2014) As Barack Obama and Vladimir Putin argue over human rights in Russia and the fate of fugitive U.S. intelligence analyst Edward Snowden, the countries’ biggest oil companies are preparing to drill for giant discoveries together in the Arctic Ocean. Exxon Mobil Corp. (XOM:US) and OAO

Interfax: Azarov: full-fledged partnership with Russia prevents worst-case economic scenario

Map of European Portion of Former Soviet Union

KYIV. Dec 31 (Interfax) – Ukrainian Prime Minister Mykola Azarov and Verkhovna Rada Speaker Volodymyr Rybak have congratulated fellow citizens with the New Year and Christmas. The prime minister recalled the main socioeconomic and political events of the outgoing year and said that the year was complicated but certain achievements were still made. “We averted

Preparations for Russia’s G8 presidency will give priority to search for solutions to key intl issues

File Photo of G8 Heads of State Outdoors in 2013

MOSCOW. Dec 31 (Interfax) – Russian President Vladimir Putin has given the country’s government and Foreign Ministry until May 1, 2014 to complete negotiations on a Eurasian Economic Union Treaty with Belarus and Kazakhstan and draft a bill to ratify this document. The list of instructions that come as a follow-up to the president’s annual

Interfax: Ukraine to resume association agreement talks with EU in early 2014 – foreign minister

EU Map

KYIV. Dec 25 (Interfax) – Ukraine will resume negotiations with the European Union on signing an association agreement after the New Year’s holidays, Ukrainian Foreign Minister Leonid Kozhara said. “Two rounds of the negotiations have already taken place in Brussels. As you know, the Christmas and New Year’s political holidays begin in Europe today, and

RIA Novosti: Russian ex-finance minister sceptical about aid to Ukraine, other issues

Ukraine Map and Flag

(RIA Novosti – December 23, 2013) Russia’s former Finance Minister and Deputy Prime Minister Aleksey Kudrin has expressed concern that Ukraine may spend the funds provided by Russia only to cover its day-do-day expenses, in which case Kyiv will need more economic assistance in two years’ time. Kudrin was speaking at his end-of-year news conference

Interfax: Kyiv-Moscow understandings won’t hinder Association Agreement Brussels is ready to sign – Ashton

EU Map

BRUSSELS. Dec 19 (Interfax) – High Representative of the EU for Foreign Affairs and Security Policy, European Commission Vice President Catherine Ashton believes that the understandings between Ukraine and Russia reached in Moscow won’t hinder Kyiv’s further advancement along the road of European integration. At an extraordinary session of the European Parliament committee on foreign

Interfax: Russia’s $15 billion loan for Ukraine may be secured by Ukrainian strategic facilities – Klitschko

Russian Naval Vessel in Ukrainian Port

KYIV. Dec 18 (Interfax) – A Ukrainian opposition leader is concerned that President Viktor Yanukovych might have agreed with Russia on a $15-billion loan secured by Ukrainian strategic facilities. “According to some well-informed sources, a loan agreement for $15 billion secured by Ukrainian property has been signed,” opposition UDAR party leader Vitali Klitschko said at

Five Stories From Put-Upon Small Business in Moscow

Aerial View of Moscow From Beyond Stadium, file photo

(Moscow Times – themoscowtimes.com – Alexander Panin – December 18, 2013) Before Mayor Sergei Sobyanin came to power in 2010, Guram Bolkvadze, a businessman from Georgia, owned 24 kiosks at bus stops across Moscow. Then one day, he was given just a few hours to get his goods out of the shops before the bulldozers

The weak ruble is a signal to buy shares … or more caviar

File Photo of Cash, Coins, Line Graph

(Russia Beyond the Headlines – rbth.ru – Viktor Kuzmin, special to RBTH – December 18, 2013) The ruble’s value decreased 11 percent in 2013, making it a good time for foreign investors to invest or spend more money in Russia. With the Russian ruble devalued by 11 percent, experts say there are opportunities for foreign

Construction of New Pipeline from North Siberia to China Kicks Off

China Map

(Moscow Times – themoscowtimes.com – Anatoly Medetsky – December 18, 2013) Construction of a major pipeline kicked off Tuesday in an effort that will likely bring more oil from Siberia to China. Governor Lev Kuznetsov made a show at the starting ceremony in his Krasnoyarsk region, braving the rubber-bullet injury he suffered during a robbery

RIA Novosti: Russia Condemns Pressure on Ukraine to Turn Towards Europe

EU Map

MOSCOW, December 18 (RIA Novosti) ­ Russia is surprised by blatant attempts to pressure Ukraine into signing an association agreement with the European Union, Russia’s foreign minister said Wednesday. Sergei Lavrov said that pressure was continuing despite Kiev’s clear choice to develop closer ties with Moscow. He spoke a day after President Vladimir Putin agreed

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