NEWSLINK Valdai Discussion Club/Paul Saunder: “G7 SUMMIT IN JAPAN: NO HISTORIC HIGHS. The G7 has yet to redefine its purpose and role following Russia’s exclusion. Reinvigorating it will require leadership, creativity, and a degree of reflection.”

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

There is hope Russia, EU can take relations trajectory consistent with interests of their countries – Peskov

EU Map

MOSCOW. May 30 (Interfax) – There is hope for an improvement of Russia-EU relations, and the participation of European Commission President Jean-Claude Juncker in the St. Petersburg International Economic Forum can help that, Kremlin press secretary Dmitry Peskov said. “On the whole, the subject of Russia-EU relations has paramount importance, relations with the European Union are still crucial for the […]

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Medvedev opens Moscow’s fourth airport Zhukovsky

File Photo of Airplane Approaching Runway About to Land

Zhukovsky. May 30 (Interfax) – Russian Prime Minister Dmitry Medvedev has opened the Moscow aviation hub’s fourth international airport, Zhukovsky, an Interfax correspondent reported. One of the first airlines to begin scheduled flights from Zhukovsky will be Kyrgyzstan’s Air Kyrgyzstan. The first flight is scheduled for June 20, a representative of the carrier told journalists on Monday. At the opening […]

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TRANSCRIPT: [Putin at] Meeting with French business community representatives

Kremlin and River

(Kremlin.ru – May 25, 2016) Vladimir Putin met at the Kremlin with French business community representatives. President of Russia Vladimir Putin: Colleagues, friends, Let me welcome you all to Moscow. It is a great pleasure to meet the members of the Economic Council of the Franco-Russian Chamber of Commerce and Industry. France is without a doubt one of our longstanding […]

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Was Russia’s First Bond Sale in 3 Years a Success?

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – Peter Hobson – May 26, 2016) [Chart here themoscowtimes.com/business/article/was-russias-first-bond-sale-in-3-years-a-success/570254.html] Bidding opened suddenly on the morning of May 23. After a three-year absence from international markets, and with very little warning, Russia announced it wished to borrow billions of dollars. The Finance Ministry sought to help finance a yawning budget deficit caused by the low price […]

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NEWSWATCH: “Former U.S. diplomat criticizes Canada’s ‘weakness’ on Russia” [Michael McFaul] – The Globe and Mail (Canada)

Memorial Flowers and Photo of Sergei Magnitsky

… Obama’s former ambassador to Russia says Canada is showing a ‘sign of weakness’ by not pushing ahead with a promised U.S.-style Magnitsky Act that would punish Russians deemed to be human-rights violators with visa bans and asset freezes. … McFaul, who served as the U.S. envoy to Moscow from 2012 to 2014 and before that was … Obama’s special […]

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Putin Should Heed This Russian’s Warning on Oil

Oil Well file photo

(Bloomberg – bloomberg.com – Leonid Bershidsky – May 20, 2016) [Chart here bloomberg.com/view/articles/2016-05-20/petr-aven-warns-about-the-dangers-of-oil-dependency] Oil prices follow cycles, and so does the thinking about the future of oil-producing countries. This week, Russian billionaire Petr Aven and two Moscow economists published an article dissecting what they call the “twilight of the petrostate” which echoes the concerns of the Saudi Arabian elite — […]

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RBTH: Medvedev: Global community must work together to regulate internet; The Russian prime minister has urged the international community to act together in addressing global challenges.

File Photo Dmitry Medvedev at Desk with Laptop Computer

(Russia Beyond the Headlines – rbth.ru – ALEXEI LOSSAN, RBTH – May 23, 2016) Russian Prime Minister Dmitry Medvedev has emphasized the importance of international cooperation on addressing new global challenges, including regulation of the internet, while admitting that the country has been feeling the pressure of Western sanctions. “Our companies and citizens have been subjected to pressure for two […]

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Economy Minister Says Russia Out of Recession More Than Six Months

Alexei Ulyukayev file photo

(Moscow Times – themoscowtimes.com – May 20, 2016) The Russian economy has been out of recession for more than six months, Economic Development Minister Alexei Ulyukayev said during a briefing at the Russia-ASEAN summit on Friday, the TASS news agency reported. Russia’s GDP may perform better than the official forecast, which predicted a decline of 0.2 percent, Ulyukayev said, attributing […]

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TRANSCRIPT: [Excerpts: Medvedev at] The 6th St Petersburg International Legal Forum

Dmitri Medvedev file photo

(Government.ru – May 18, 2016) Dmitry Medvedev attended a plenary session titled Trust in Law – Mechanism for Global Crisis Resolution. The St Petersburg International Legal Forum was launched in 2011 and is a major platform for dialogue between politicians, lawyers, economists and scientists who represent various economic and legal systems. The forum seeks to promote ways to modernise the […]

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Ukraine’s Free Trade Deal Was Just a Start

EU Map

(Bloomberg – bloomberg.com – Leonid Bershidsky – May 11, 2016) Ukraine’s free trade agreement with the European Union was so controversial that it caused the former Soviet republic’s break with Russia, which had opposed the closer ties with Europe. Several months in, it looks like the deal is benefiting the EU more than it is helping Ukraine. That doesn’t mean […]

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Why Gazprom’s ‘Monopoly’ in Europe is Far from Over

Gas Flame file photo

(Oilprice.com – Ilana Stav – April 4, 2016) The first U.S. shipment of liquefied natural gas (LNG) arrived in Portugal last week and Gazprom did not immediately cut its own gas prices for Europe. While European media has hailed the entry of U.S. gas into the market as a game-changer and a monopoly-breaker, in the short term, nothing has changed […]

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Putin’s Decade-Old Dream Realized as Russia to Price Its Own Oil

Oil Well file photo

(Bloomberg – bloomberg.com – Eduard Gismatullin – April 27, 2016) Russian President Vladimir Putin is on the verge of realizing a decade-old dream: Russian oil priced in Russia. The nation’s largest commodity exchange, whose chairman is Putin ally Igor Sechin, is courting international oil traders to join its emerging futures market. The goal is to increase revenue from Urals crude […]

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NEWSLINK Foreign Policy/DAVID FRANCIS, LARA JAKESA: “‘Sanctions Are a Failue…Let’s Admit That.’ With Europe debating re-opening economic ties to Russia, have U.S. sanctions on Moscow lost their teeth?”

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

Despite Claims, Ukraine Not Free Of Russian Energy Dependence

Oil Well file photo

(Oilprice.com – Colin Chilcoat – April 25, 2016) Now more than two years on since the revolutionary events on Maidan and Russia’s subsequent annexation of Crimea, Ukraine is still largely without its footing. Political infighting is again on the rise and the specter of massive corruption persists, stymying what have been positive, albeit small, steps toward reform. The country’s energy […]

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NEWSLINK Russia Direct: “How Ukraine’s new prime minister can put Kiev on a European path. Ukraine’s new government has a tough task ahead: It must deal with a controversial legacy of governance, improve its image abroad and fulfill plans for EU integration – all while reducing the nation’s dependence on Russian gas.”

Maidan Square in Kiev, Ukraine » Read more

NEWSWATCH New York Times: “Chernobyl’s Silent Exclusion Zone (Except for the Logging)”

Chernobyl File Photo

  … on Ukraine’s dirtiest patch of land, Stop Corruption says, … under-the-table dealings of the bureaucrats who manage the area are flourishing … the group says, the Exclusion Zone Management Agency has turned a blind eye to … Chernobyl logging. The Zone of Alienation, as it is also known, is a rough circle with an 18-mile radius, fenced off […]

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Russia will watch for “adverse consequences” of Ukraine-EU deal – Kremlin

Dmitry Peskov file photo adapted from image at kremlin.ru/wikimedia commons

(Interfax – April 21, 2016) Russia will only be “too happy” if Ukraine’s association agreement with the EU brings it economic stability and prosperity, but will take “balancing measures” if the deal has a negative impact on Russia, Kremlin spokesman Dmitry Peskov said. “This topic rather concerns the EU and Ukraine. As regards the economic aspect, to the extent that […]

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How Russia is moving ahead with its Asian pivot

Asia Map

Russian Foreign Minister Sergey Lavrov recently visited Mongolia and Japan. His goal was to initiate a real “Eastern turn” in Russian foreign policy. (Russia Beyond the Headlines – rbth.ru – GEVORG MIRZAYAN, RBTH – April 20, 2016) At first glance Russia made an Eastward turn a long time before the West imposed sanctions on the country. However, until now we […]

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Bilateral trade: Russia and U.S. must ‘avoid the point of no return’

Putin and Obama with U.S. and Russian Flags

Commodity turnover between Russia and the U.S. has declined by 50 percent since the introduction of sanctions However, Russia is not losing hope and is offering attractive conditions for small and medium-sized American businesses looking to invest in the country. (Russia Beyond the Headlines – rbth.ru – ANNA KUCHMA, RBTH – April 20, 2016) [Charts here http://rbth.com/business/2016/04/20/bilateral-trade-russia-and-us-must-avoid-the-point-of-no-return_586555] With the introduction […]

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Ford Mulls New Russia Investment as Quarterly Sales Jump 93%

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Andrey Lemeshko, Yuliya Fedorinova – April 14, 2016) Ford Motor Co., which spent more than $1.5 billion with a partner in the past five years to build cars and engine factories in Russia, is studying new investments in the country in a bet on economic recovery. The national car market could still become Europe’s biggest, and […]

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Putin doesn’t expect Western sanctions to be lifted soon, says Russia to keep countersanctions in place

Truck at Russian Border Crossing

MOSCOW. April 14 (Interfax) – Russian President Vladimir Putin does not expect the Western sanctions to be lifted from Russia in the near future. “I don’t think our partners will decide to lift the restrictions and limitations from our country in the near future,” Putin said during a Q&A session on Thursday. “Even though the Minsk Agreements on southeastern Ukraine […]

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Why Hedge Funds Are Loading Up on Rubles

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Elena Popina – April 10, 2016) Managers of some of the best-performing funds from Berlin to New York are buying Russian ruble assets as the currency has rebounded 23 percent from a record low. Stuart Sclater-Booth, who helps oversee more than $40 billion at Stone Harbor Investment Partners, turned overweight on the ruble in mid-February and […]

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Russia Wins Silent Victory Against Ukraine With Dutch ‘No’ Vote

EU Map

(Moscow Times – themoscowtimes.com – Eva Hartog – April 8, 2016) The Netherlands on Thursday awoke to a post-election hangover dominated by questions over how to interpret the results of a plebiscite in which an overwhelming majority of voters opposed a trade deal between the EU and Ukraine that for years has been a source of conflict with Moscow. The […]

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RBTH: Dutch vote on Ukraine: Result will force Europe to ‘restrain’ ambitions

Europe Map

Most Russian media have welcomed the Dutch rejection of an EU association agreement with Ukraine, hoping that the results may not only affect the attitude of Europeans to Ukraine but also to force the EU to “restrain” its ambitions. (Russia Beyond the Headlines – rbth.ru – IGOR ROZIN, RBTH – April 7, 2016) Dutch voters have rejected the association agreement […]

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Dutch Voters Snub Kiev, Not Brussels

EU Map

(Bloomberg – bloomberg.com – Leonid Bershidsky – April 7, 2016) It’s easy to discount the outcome of Wednesday’s Dutch referendum on Ukraine’s association agreement with the European Union as another sign of minority discontent with the European project. It has far more significance than that though, particularly for Ukraine: The faltering state has failed to gain support among ordinary Europeans, […]

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Russian Inflation Slows More Than Forecast as Ruble Shock Fades

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Anna Andrianova – April 5, 2016) Russian inflation decelerated to the slowest pace in almost two years as withering consumer demand continues to weigh on prices and stronger oil propels a rally in the ruble. Consumer-price growth eased to 7.3 percent from a year earlier in March, compared with 8.1 percent in February, the Federal Statistics […]

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The Soviet Adventures Of Steve Jobs

Mac Computer file photo

(RFE/RL – rferl.org – Carl Schreck – April 1, 2016) In the summer of 1985, a young commercial attache at the U.S. Embassy in Moscow sat down with two representatives of the California computer company Apple who were visiting the heart of the Soviet empire. One was an “older guy,” the attache, Mike Merin, recalls. The other was “this lanky, […]

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Trump’s New Russia Adviser Has Deep Ties to Kremlin’s Gazprom

Donald Trump

Carter Page brings a “real-world” resume-and says his close relations with Russian business are a strength. (Bloomberg – bloomberg.com – Zachary Mider – March 30, 2016) A globe-trotting American investment banker who’s built a career on deals with Russia and its state-run gas company, Carter Page says his business has suffered directly from the U.S. economic sanctions imposed after Russia’s […]

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Budweiser Is Having a Ball in Russia

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

(Bloomberg – bloomberg.com – Ilya Khrennikov – March 30, 2016) Budweiser is enjoying an unlikely source of growth in Russia’s declining beer market, even as the all-American brand continues to struggle at home. In a country where brewing output has fallen more than 30 percent since 2008, the self-proclaimed King of Beers is growing sales at a double-digit pace, according […]

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Russian minister and U.S. ambassador discuss privatization, sanctions

John Tefft file photo

(Interfax – March 28, 2016) The Russian privatization and sanctions against Russia were discussed during the meeting between Russian Economic Development Minister Alexei Ulyukayev and UEc.S. Ambassador to Russia John Tefft in Moscow on March 28, along with other aspects of the Russia-U.S. trade and economic cooperation. “We have discussed a broad spectrum of the Russian-American economic ties, including both […]

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Ukraine’s Economy Plummeted By Nearly 10 Percent In 2015

Map of Ukraine, Including Crimea, and Neighbors, Including Russia

(RFE/RL – rferl.org – March 22, 2016) Ukraine’s battered economy shrank by 9.9 percent in 2015 due to implosions in the financial sector and consumer demand, the state statistics service reported on March 21. The stunning fall last year followed a drop of nearly 7 percent in 2014, the year Russia annexed Crimea and Ukraine’s war with Russia-backed separatists broke […]

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Russia, Inc.: From “structural reforms” of the 2000s to austerity policies today, neoliberalism has been and remains an organic part of the Putin regime

Cash, Calculator, Pen

(opendemocracy.net – Ilya Matveev – March 16, 2016) Ilya Matveev is a researcher and lecturer based in St Petersburg, Russia. He is a founding editor of the online publication Openleft.ru and a member of the research group Public Sociology Laboratory. In December 2014, Vladimir Putin gave his usual annual speech to Russia’s Federal Assembly. This speech turned out to be […]

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Putin’s $50 Billion Oil Cache Gives Russia Luxury to Ignore ECB

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Olga Tanas – March 13, 2016) Russian central bankers have fewer reasons to offer relief to their recession-wracked economy than you might think. Their decision whether to resume an interest rate-cutting cycle this week is almost beside the point as the government of Vladimir Putin lubricates the economy in the background with oil wealth amassed in […]

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