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 […]

» 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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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, […]

» Read more

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 […]

» Read more

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, […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

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 […]

» Read more

Russia’s Oil Dilemma Explained

Oil Well file photo

(Bloomberg – bloomberg.com – Stephen Bierman -March 8, 2016) [Charts here bloomberg.com/news/articles/2016-03-09/russia-s-dilemma-squeeze-oil-industry-without-strangling-growth-ilk2y8i4] While the world focuses on Russia’s oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s energy industry. The petrodollars that underpin Russia’s national budget are evaporating. When crude prices were high, increasing revenue […]

» Read more

Nord Stream 2: Is Russian gas politically incorrect?

Gas Flame file photo

A lobbying campaign against the extension of the Nord Stream 2 gas pipeline, spearheaded by Gazprom together with five European energy majors, has now engulfed the European Parliament. What are the arguments of the opponents and are they business-focused or politically motivated? (Russia Beyond the Headlines – rbth.ru – VLADIMIR MIKHEEV, SPECIAL TO RBTH – March 4, 2016) Twelve members […]

» Read more

Russian oil companies approve production freeze

Oil Well file photo

The country’s top oil bosses have agreed to keep production at January levels in a deal with the government, which is hoping the move will see oil prices increase. However, analysts say that the move may not necessarily lead to a recovery. (Russia Beyond the Headlines – rbth.ru – ALEXEI LOSSAN, RBTH – March 3, 2016) The heads of Russia’s […]

» Read more

NEWSLINK: “How Putin’s Embargo Is Reshaping Russia’s Cuisine. Putin’s embargo is changing the way Russians dine out, and chef Vladimir Mukhin is taking the opportunity to transfigure the country’s cuisine. 16. The Economist: Russia and sanctions. Toe in the water. Why is Russia tapping international debt markets?” – Wall Street Journal

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

Russian media silent as U.S. extends sanctions against Moscow

Truck at Russian Border Crossing

The U.S. has extended its economic sanctions regime against Russia. While the mass media kept quiet on the news, one or two outlets speculated about the possible reasons behind the decision as well as about the likely outcome of a coming EU vote on whether to follow suit. (Russia Beyond the Headlines – rbth.ru – NIKOLAI SHEVCHENKO, SPECIAL TO RBTH […]

» Read more

NEWSWATCH: “Russia Thinks It Has Solved the Oil-Price Crisis; But it may just be more wishful thinking” – Fortune.com

Oil Well file photo

The world’s major oil exporting economies have been putting together an agreement to freeze oil production levels, and Russia’s energy minister is optimistic that it will be effective in finally stopping the slide in oil prices ….  * * * The news seemed to buoy the oil market…. But there’s plenty of reason to doubt that the action will bring […]

» Read more

TRANSCRIPT: [Putin at] Meeting with Gazprom CEO Alexei Miller

Gas Facility file photo

(Kremlin.ru – February 29, 2016) The head of Gazprom briefed Vladimir Putin on the company’s results in 2015, and discussed, in particular, gas supply figures for the domestic and European markets and the programme for connecting Russia’s regions to the gas network. President of Russia Vladimir Putin: Mr Miller, I have several questions to start our discussion, and then we […]

» Read more

Russia’s Economy Is Tanking, So Why Is Putin Smiling?

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Evgenia Pismennaya, Anna Andrianova – February 29, 2016) With Russia mired in the longest recession in two decades, there hasn’t been a lot of good economic news lately. But there’s one indicator that’s looking up, and it’s the one that matters most to Vladimir Putin: His hard-currency reserves. The central bank held $379 billion in foreign […]

» Read more

Interfax: Novak considers $50 per barrel most appropriate from supply-demand standpoint

Offshore Oil Rig file photo

MINSK. Feb 25 (Interfax) – Oil prices are unlikely to rise above $60 per barrel and a price of $50 is optimal, Energy Minister Alexander Novak said. “Speaking fundamentally, the price cannot be high, above $50-$60 per barrel, because in this situation robust investment activity would resume, those projects where investment and production volumes are now falling would be implemented, […]

» Read more

Can Things Get Any Worse for Russia? You’re About to Find Out

Diverse Paper Currency, Coins, Line Graph

Investors who’ve made a fortune in the country say that with oil’s plunge, the ruble’s collapse, and Putin in power, all bets are off (Bloomberg – bloomberg.com – Ksenia Galouchko and Henry Meyer – February 23, 2016) [Charts here bloomberg.com/news/articles/2016-02-24/putin-s-oil-despair-drives-lucky-few-investors-toward-the-exits] For a decade, Dmitri Barinov has been following the volatile economy of his homeland from the safe distance of Union […]

» Read more

Russia and OPEC trio agree to freeze oil production, but no cuts

Oil Well file photo

Russia, Saudi Arabia, Qatar and Venezuela have announced their readiness to freeze oil production volumes at January levels but fell short of agreeing to cut production by 5 percent as was earlier anticipated. Market analysts believe this agreement is a loss for Russian diplomacy – as a result of the deal, oil prices and the related value of the ruble […]

» Read more

Weak Ruble Draws Foreign Tourists to Russia for Summer Vacations

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – February 18, 2016) The number of foreign tourists booking summer vacations in Russia has risen by 30 percent amid the weakening of the ruble, the Kommersant newspaper reported Wednesday, citing a study by the Momondo online reservation system. Demand for trips to Russia during the summer months among German travelers – who made the most […]

» Read more

NEWSLINK: “The Russian Connection Between Syria and Ukraine. Moscow may try to link cooperation in the Syrian crisis to relief from sanctions.” – The National Interest/Joseph Nye

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

RBTH: Even if Russia and OPEC tango, oil prices won’t budge an inch

Oil Well file photo

As Russian officials consider trying to forge an agreement with OPEC in order to help push up oil prices, they are missing an unfortunate truth – factors such as the discord within the oil producers’ body, the positions of Saudi Arabia and Iran and the strength of the dollar all mean that the price of oil is unlikely to bounce […]

» Read more

Agreement between Russia, three OPEC countries concerns average oil output for year – Energy Ministry

Oil Well file photo

MOSCOW. Feb 16 (Interfax) – The agreement that Russia and OPEC nations Saudi Arabia, Qatar and Venezuela reached at meeting in Doha on Tuesday not to exceed January’s level of output applies to average figures for the year, not daily output, the Russian Energy Ministry said in a revised statement following the meeting. The meeting was between Russian Energy Minister […]

» Read more
1 2 3 15