Russia setting priorities of its EAEU presidency – Medvedev

Dmitri Medvedev file photo

ASTANA. Aug 14 (Interfax) – The Russian presidency of the Eurasian Economic Union (EAEU) in 2018 will focus on trade barriers, interaction with international partners, labor standards, and support for exports, Russian Prime Minister Dmitry Medvedev said at the Eurasian Intergovernmental Council’s meeting in Astana on Monday. “Russia will be presiding in the Eurasian Union next year. We are setting […]

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The One Big Problem With New Russia Sanctions; Congress won’t let Trump waive penalties, which gives Moscow no reason to change its behavior.

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

(Bloomberg – bloomberg.com – Meghan L. O’Sullivan – August 10, 2017) Meghan L. O’Sullivan is a Bloomberg columnist and the Jeane Kirkpatrick Professor of the Practice of International Affairs at Harvard University’s Kennedy School. She served on the National Security Council from 2004 to 2007, and was deputy national security adviser for Iraq and Afghanistan. The latest round of congressional […]

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NEWSWATCH: “Back to the land: Russia’s farming transformation; Can government policy and a new foodie class turn the country into an agricultural force?” – Financial Times/ Kathrin Hille

File Photo of U.S. Dairy Cows

“… With 123 million hectares in arable land – the world’s third-largest area behind only India and the U.S. – Russia has the potential to be an agricultural superpower. The country has 36,400 agricultural enterprises and 174,600 farmers, according to the 2016 agricultural census. … although the broader economy has been in the grip of recession over the past two […]

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Russia Braces for Permanent Sanctions From the U.S.; Moscow was hopeful Trump would loosen sanctions. Instead, he made them permanent.

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

(Bloomberg – bloomberg.com – Henry Meyer, Anna Andrianova – August 8, 2017) Andrey Kostin, a former Soviet diplomat in London who runs Russia’s second-largest bank, was jubilant when Donald Trump was elected last year. “We may soon see U.S. financial sanctions eased or even lifted,” he said at the time. Now, he’s changed his tune as his state-run VTB Group, […]

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NEWSLINK: “Factbox: What Do the New U.S. Sanctions on Russia Target?” – Reuters

U.S. Capitol in Bright Sunlight

“… * The law establishes a review process that allows #Congress to block any effort by #Trump to ease or lift sanctions on #Russia. Lawmakers passed the bill to punish Russia over its alleged interference in the 2016 U.S. presidential election, its annexation of Ukraine’s Crimea region and its involvement in Syria’s civil war. * Trump, or any U.S. president, […]

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NEWSWATCH: “Why New U.S. Sanctions Could Be a Ticking Time Bomb for Investors in Russia” – Moscow Times/ Elisabeth Braw, Nabi Abdullaev

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

“The 755 staff forced to leave the U.S. embassy by … Putin may seem to have little to do with private companies wishing to invest in Russia. But in reality, they’re closely linked. … international companies planning to invest in Russia or already doing business there now face more uncertainty. And six months from now, a ticking bomb wrapped in […]

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Will New U.S. Sanctions Regime Finally Hit Putin and Those Closest to Him?

(Paul Goble – Window on Eurasia – Staunton, August 2, 2017) Western sanctions on Russia up to now have hit the ordinary people of that country, although not as hard as the countersanctions the Kremlin itself has imposed. But the Western actions have done less to affect those closest to Vladimir Putin who, unlike the Russian people, may be in […]

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Russian diplomat warns of risk to arms control with US

Iskander Missile with Launch file photo

(Interfax – August 2, 2017) Moscow, 2 August: Moscow’s possible countermeasures to the USA’s new anti-Russian sanctions may hypothetically affect agreements in the areas of disarmament and nonproliferation but any actions in this area have to meet Russia’s national interests, a Russian Foreign Ministry official has said. “Anything is possible in life, and I would like to draw your attention, […]

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Russia’s Medvedev Says U.S. Sanctions Bill Ends Hope For Better Ties

Dmitri Medvedev file photo

(Article ©2017 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Aug. 3, 2017 – also appeared at rferl.org/a/trump-signs-russia-sanctions-bill/28655189.html) Russian Prime Minister Dmitry Medvedev sharply denounced the sanctions bill signed into law by U.S. President Donald Trump on August 2, saying it ends hope for improving relations and ignites “an all-out trade war with #Russia.” “The hope for improving our relations […]

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NEWSWATCH: “President Trump signs Russia sanctions bill” – ABC

File Photo of White House with South Lawn and Fountain

“… Trump today signed a bill aimed at punishing Russia for its interference in the 2016 election despite his reservations … passed with rare and overwhelming bipartisan support in Congress …. The bill limits the president’s ability to lift or waive sanctions against Russia and keeps in place sanctions the Obama administration imposed …. It also allows the U.S. to deny […]

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U.S. Sanctions Are Another Gift to Putin; Far from being hurt by them, he finds them useful.

U.S. Capitol in Bright Sunlight

(Bloomberg – bloomberg.com – Leonid Bershidsky – July 31, 2017) Leonid Bershidsky is a Bloomberg View columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru. Russian President Vladimir Putin tends to respond to Western sanctions in ways its authors probably didn’t anticipate: by going after those Russians who could most help […]

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NEWSWATCH: “New Challenge to U.S. Power: Chinese Exceptionalism; Once-reticent citizens now see their country as ascendant-and America in decline” – Wall Street Journal/ Te-Ping Chen, Josh Chin

Asia Map

… Chinese exceptionalism is on the rise. … challeng[ing] a decades-old tenet of U.S. foreign policy … that argued exposure to the West would lead Chinese to embrace Western values. … President Xi’s signature slogan, the ‘China Dream,’ appeals to Chinese who aspire to a middle-class lifestyle and cheer China’s return to international prominence. … China’s government exercises near-absolute authority over education, […]

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New U.S. sanctions bill on Russia threatens to further erode Minsk agreement; The diplomatic spat over new U.S. Russia sanctions risks eroding common US-EU position on Ukraine conflict.

U.S. Capitol in Bright Sunlight

(opendemocracy.net – Moritz Pieper – July 27, 2017) Moritz Pieper is a Lecturer in International Relations at the University of Salford, UK. He received his PhD from the University of Kent’s Brussels School of International Studies. He has been a visiting Research Fellow at China Foreign Affairs University (CFAU), Beijing, the German Institute for International and Security Affairs (SWP), Brussels, […]

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Moscow Hears Political Saber Rattling in Fresh U.S. Sanctions Vote; The vote sparked harsh rhetoric not heard since Trump has come to office

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

(Moscow Times – themoscowtimes.com – Lena Smirnova – July 26, 2017) Top Russian officials on Wednesday slammed a U.S. House of Representatives vote in favor of fresh sanctions, with one official warning it could trigger “a new Cold War.” “Washington is a source of danger,” Deputy Foreign Minister Sergei Ryabkov told the state-run TASS news agency. “This is a blatant, […]

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New U.S. Sanctions on Russia Are a Mixed Bag; Europeans are rightly wary that promoting U.S. exports is an ulterior motive.

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

(Bloomberg – bloomberg.com – Leonid Bershidsky – July 24, 2017) Leonid Bershidsky is a Bloomberg View columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru. The European Commission is preparing to counteract the new sanctions the U.S. Congress may impose on Russia this week. This may sound as if Europe is […]

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Government policy measures could reduce price volatility, inflation expectations – CBR chief

Elvira Nabiullina file photo

ST. PETERSBURG. July 13 (Interfax) – Government policy regarding the development of infrastructure, logistics and competition on food markets, as well as tariff regulation could help to reduce the volatility of prices and lower inflation expectations, Central Bank chief Elvira Nabiullina said at the International Financial Congress. “We need to fight not only with the consequences of shocks for inflation, […]

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NEWSLINK: “Beijing stirs up Russia’s backyard” – bne Intellinews

Map of CIS Central Asia and Environs

“An invisible wedge has been growing between Russia and its Central Asian neighbours since Russia seized Crimea from Ukraine …. The unease is most particularly tangible in Astana. Any statements made by Russian officials that appear to put in question the statehood Kazakhstan gained after it was granted independence from the USSR prompt collective gasps. At the same time, China […]

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NEWSLINK: “Eurasian eyes turn east; Russia is more and more seeing China’s push West as an opportunity rather than a threat” – bne Intellinews/ Ben Aris

Asia Map

“… The relationship with the Chinese state began as a trade deal, but it has become progressively more political. It was not for nothing that when Xi Jinping took office in March 2013 his first trip abroad was to Moscow. To escape its blockade by the West, Russia has tried to shape the new emerging economies such as China into […]

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Article by Vladimir Putin published in the German business newspaper Handelsblatt (re G20)

Map of Germany

(Kremlin.ru – July 6, 2017) Ahead of my trip to Germany to take part in the Summit of the Group of Twenty, I would like to share some thoughts about cooperation within the G20 framework with the readers of Handelsblatt, one of the most popular and reputable German newspapers. Over the years of its existence, the Group of Twenty has […]

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Russian government extends counter-sanctions till end of 2018

EU Map

MOSCOW. July 5 (Interfax) – Russian Prime Minister Dmitry Medvedev has signed a resolution extending the ban on imports of certain types of agricultural products, raw materials and food, the governmental website said in a report on Wednesday. “The ban on imports of certain types of agricultural products, raw materials and food originating from the United States, EU member countries, […]

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NEWSWATCH: “No Thaw Likely at Trump-Putin Meeting” – Wall Street Journal/ Nathan Hodge

File Photo of Donald Trump Waving Before Large Crowd with Trump Signs, adapted from image at whitehouse.gov

“Russian officials are cautious about expectations for a fresh start in relations with Washington despite a planned first meeting between … Putin and … Trump next week. … Lavrov expressed hope that ‘pragmatism will prevail.’ But he added that U.S.-Russian relations ‘have become hostage to the internal politics’ inside Washington. * * * Russia continues to chafe under U.S. and Western […]

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Kudrin doesn’t rule out Russia – EU free trade zone “in distant future”

EU Map

MOSCOW. July 3 (Interfax) – The head of the Center for Strategic Research (CSR), former Russian Finance Minister Alexei Kudrin has called for intensifying trade cooperation with European countries. “We need to reach a new agreement with EU countries in the future, and in the distant future this could be a free trade zone. If we want to be open […]

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Russia Sticks to Conservative $40 Oil Forecast for 2018 Budget

Oil Well file photo

(Bloomberg – bloomberg.com – Olga Tanas – June 29, 2017) The Russian government is sticking to its conservative assumptions for oil prices as it drafts the budget for the next three years, relying mainly on domestic borrowing to finance the deficit in order to preserve its rainy-day funds. Oil prices are running above the government’s $40-a-barrel forecast, but growing supply […]

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Kennan Cable No.24: Russian Foreign Policy in the Arctic: Balancing Cooperation and Competition

Arctic Map

(Kennan Institute – wilsoncenter.org/program/kennan-institute – Stacy R. Closson, Assistant Professor, Patterson School of Diplomacy and International Commerce, University of Kentucky – June 26, 2017) Introduction The Arctic region presents a particularly interesting case study of Russian foreign policy. In a time when Russia is showing renewed aggression on three fronts – the Baltic Sea region, Syria, and Ukraine – and meddling in […]

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Rosatom: Climate’s new best friend; As Russia’s economic crisis continues to hit budgets, the country’s state nuclear corporation is going green to raise funds on the international level.

Russian Nuclear Power Plant

(opendemocracy.net – Vladimir Slivyak – June 21, 2017) Vladimir Slivyak is the co-chair of the Russian environmental NGO Ecodefense and has been taking part in UN climate change talks since 1995. The recent St Petersburg International Economic Forum was widely covered by the Russian media, partly because of the eye-catching debates in which president Vladimir Putin himself took part. In […]

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Are Russia And The Saudis Planning A Natural Gas Cartel?

Gas Flame file photo

(Oilprice.com – Cyril Widdershoven – June 18, 2017) The fledgling production cut strategy of OPEC (Saudi Arabia) and non-OPEC (Russia and the FSU) shows that a new strategy is needed to counter the ongoing doubts in the markets. At the same time, Russia and Saudi continue to give indications of a possible OPEC 2.0 scenario, in which a possible Russian […]

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Cold War Deja Vu Deepens as New Russia Sanctions Anger Europe

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

(Bloomberg – bloomberg.com – Marc Champion – June 18, 2017) Russia on Sunday accused the U.S. of returning to “almost forgotten Cold War rhetoric,” after President Donald Trump’s decision to reinstate some sanctions on Cuba. It could have dropped “forgotten.” There’s been a lively debate among historians and diplomats for years over whether the souring of relations between the U.S. […]

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Punishing Putin Mostly Means Punishing His Foes; Washington wants more sanctions. But they would further strangle a pro-democracy movement on life support.

Kremlin and River

(Bloomberg – bloomberg.com – Leonid Bershidsky – June 12, 2017) Leonid Bershidsky is a Bloomberg View columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru. After being surprised by broad-based protests in late March, the Russian authorities were ready to prevent a repeat on Monday. Police detained hundreds across the country […]

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Russia Just Past Crisis, But Already Up Against Growth Limit

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Olga Tanas – June 5 2017) The debate two years ago at President Vladimir Putin’s annual investment showcase in St. Petersburg centered on the direction Russia would take as it moved past the turbulence of oil’s collapse. This time the consensus is that the economy is running aground. Halfway through what’s likely to be the first […]

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NEWSLINK: “Rosneft chief Sechin looks beyond Russia sanctions. Putin ally wants stronger ties between oil heavyweights Russia, Saudi Arabia and US.” – Financial Times

File Photo of Rosneft and Russian Flags Next to Rosneft Banner

“… while sanctions may mean Mr Sechin, Rosneft and Russia currently have a strained relationship with the US energy industry, the resolute former deputy chief of staff to Mr Putin has ambitions for a grand coalition between oil’s superpowers: Russia, Saudi Arabia and the US. … reflecting on President Donald Trump’s campaign stance on developing better relations with Russia — which has since […]

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NEWSWATCH: “Russia Says Still Likely to Back Paris Climate Deal Despite U.S. Withdrawal” – Reuters

Arkady Dvorkovich file photo

“… #Russia has signed the Paris climate pact but is the biggest emitter of global greenhouse gases not to have yet ratified it. Russian officials have said they need more time to assess its potential impact on their economy and have spoken of drafting a strategy for low-carbon development, fuelling fears among green campaigners Moscow may not ratify the agreement. […]

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NEWSLINK: “How the Trump administration’s secret efforts to ease Russia sanctions fell short” – Yahoo News/ Michael Isikoff

State Department Building and U.S. Flag

“In the early weeks of the Trump administration, former Obama administration officials and State Department staffers fought an intense, behind-the-scenes battle to head off efforts by incoming officials to normalize relations with Russia, according to multiple sources familiar with the events. …”

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TRANSCRIPT: [Putin at] Meeting with heads of international news agencies

Vladimir Putin file photo with VOA logo; screen shot from video still

(Kremlin.ru – June 1, 2017) Vladimir Putin began his work at the St Petersburg International Economic Forum by meeting with the heads of international news agencies. Taking part in the meeting were President of EFE (Spain) Jose Antonio Vera, Editor-in-Chief of PTI (India) Vijay Joshi, Vice President of Kyodo News (Japan) Juno Kondo, General Director of DPA (Germany) Peter Kropsch, […]

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VIDEO NEWSWATCH: “U.S. shale, trade and sanctions worry Russian Finance minister as economy gets back on track” – CNBC/ Geoff Cutmore, Alexandra Gibbs

Anton Siluanov file photo

[Scroll down for embedded video] “… Following last week’s decision by oil producers to extend output cuts by nine months to March 2018, Siluanov told CNBC that OPEC’s decisions would give opportunity [sic] for prices to stay at present levels, but that both producers and the ministry had to be on alert for any market changes. …” ‘On the one […]

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NEWSWATCH: “Snapshot Analysis: Trump, NATO, Russia” – Russia Matters/ Nikolas K. Gvosdev

Globe Highlighting NATO Members

“As predicted … #Trump’s summit with other #NATO leaders … showed a White House focused on meeting its treaty commitments … also determined to see its partners take on primary responsibility for countering threats that affect them, particularly in their own neighborhood. For #Russia, Trump’s public comments sounded like a mixed bag: … the president called Moscow a ‘threat’ and expressed no interest […]

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NEWSLINK: “Best To Assume Russia Sanctions Last Forever” – Forbes/ Kenneth Rapoza

Truck at Russian Border Crossing

“… the G-20 meeting this June … will be the first time [Trump and Putin] meet, and that could give us the official, presidential word on sanctions. …”

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NEWSWATCH: “Russia Rallies: 1.3% GDP Growth, $55 Oil, World Bank Says; The Russian ruble is strengthening today on solid economic growth targets from the World Bank” – Barrons/ Dimitra DeFotis

World Bank Building

“Russia’s economy can expand at a 1.3% pace in 2017 and by 1.4% in 2018 and 2019, the World Bank said …. The ruble is strengthening … up 0.7% against the U.S. dollar, and Russian equities are rallying in Moscow. The VanEck Vectors Russia exchange-traded fund (RSX) is higher by 0.5% … as are the U.S.-traded shares of Sberbank Rossia (SBRCY). Moody’s […]

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NEWSWATCH: “Russia Says Key Goal Is to Bring Global Oil Stocks Down to Five-Year Average” – Reuters

Oil Well file photo

“The main goal of [a] proposed extension of [an] oil output cuts deal is to bring the global commercial oil inventories down to 5-year average and stabilise the market, Russian Energy Minister Alexander Novak said on Tuesday. … Saudi Arabia and Russia, the world’s top two oil producers, agreed on Monday on the need to extend output cuts for a […]

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TRANSCRIPT: [Putin] Replies to journalists’ questions (transcript continued)

Vladimir Putin file photo with VOA logo; screen shot from video still

(Kremlin.ru – May 15, 2017) Vladimir Putin answered media questions following a working visit to the People’s Republic of China. Question: Mr President, an international cyberattack was reported on May 12. It hit targets in 150 countries, including agencies, banks and companies in Russia. How much has this attack harmed Russia and the world in general? What can be done […]

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RUSSIALINK: “A CHINESE SILK NOOSE” – Valdai Club/ Georgy Toloraya

Asia Map

“… In response to the Chinese initiative, Russia advanced an even more ambitious project of a Greater Eurasian Partnership … incorporate[ing] the Eurasian Economic Union (EAEU), the Shanghai Cooperation Organization (SCO) and even the Association of Southeast Asian Nations (ASEAN). … However, Russia lacks the resources and integration ties with the numerous countries of the Euro-Pacific space for implementing this ambitious […]

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TRANSCRIPT: [Putin at] Belt and Road international forum

Asia Map

(Kremlin.ru – May 14, 2017) Vladimir Putin spoke at the opening of the Belt and Road international forum in Beijing. The event is dedicated to China’s projects – the Silk Road Economic Belt and the 21st Century Maritime Silk Road. Russian President has arrived in China on a two-day visit. The forum that is taking place in the Chinese capital […]

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Interfax: Reports on U.S. intention to monitor Russian ports in Primorye wrong – source in U.S. Congress

U.S. Capitol in Bright Sunlight

WASHINGTON. May 6 (Interfax) – Reports on the United States’ intention to monitor Russian ports in Primorye for their compliance with the sanctions imposed on North Korea are wrong, a source in the U.S. Congress said. “The report you passed along is wrong,” the source in the House Foreign Affairs Committee of the House of Representatives told Interfax, replying to […]

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Putin Meets Erdogan as Russia Pursues Syria Diplomacy Blitz

Turkey and Environs Satellite Image

(Bloomberg – bloomberg.com – Henry Meyer, Ilya Arkhipov – May 3, 2017) Russian President Vladimir Putin continued his diplomatic push for a plan to establish safe zones in Syria backed by peacekeepers as he began talks with Turkish leader Recep Tayyip Erdogan in the Black Sea resort of Sochi on Wednesday. Russia and Turkey can “change the destiny of the […]

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Pavel Koshkin: “Why the revival of the commodity market is not good for the Kremlin”

Oil Well file photo

Subject: Why the revival of the commodity market is not good for the Kremlin Date: Tue, 2 May 2017 From: Pavel Koshkin <pkoshkin.russia.direct@gmail.com> Title: Why the revival of the commodity market is not good for the #Kremlin Pavel Koshkin is a contributor for Forbes-#Russia magazine and the deputy editor of International Desk at RBC Daily, a Russian independent newspaper. He […]

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NEWSLINK: “ExxonMobil Just Challenged Trump to Get Serious With Russia Policy” – Fortune/ Richard Nephew, Colin Rowat

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

“Earlier this month, news leaked that ExxonMobil was pushing the Treasury Department to grant it a sanctions waiver, which would allow the company to resume its joint venture Black Sea drilling operations with Russian oil giant Rosneft. The Treasury Department has since denied the waiver application, as waivers are granted for humanitarian and policy reasons, not for business reasons—which was […]

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NEWSLINK: “Russia and the “Resource Curse”: When the Kremlin’s Policy is Counterproductive for the Economy” – Carnegie Moscow Center/ Forbes.ru/ ANDREY MOVCHAN, PAVEL KOSHKIN)

Oil Well file photo

“How can Russia overcome the ‘resource curse’? What countries should be an example for Moscow? What consequences can the Russian flawed economic policy lead to? Why could the authorities’ attempts to save their power by any means be dangerous for economic growth? Andrey Movchan, the director of the Economic Policy Pogram at the Carnegie Moscow Center, sheds light on these […]

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Putin’s Arms Bazaar Is in a Serious Sales Slump

File Photo of Buk-1 SAM

(Bloomberg – bloomberg.com – Tobin Harshaw – April 25, 2017) Tobin Harshaw writes editorials on national security, education and food for Bloomberg View. He was an editor with the op-ed page of the New York Times and the paper’s letters editor. Russian President Vladimir #Putin is mighty proud of his #military’s performance in #Syria. And, as I have written, it’s […]

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RUSSIALINK RBTH: “Why does ExxonMobil need Russia’s Arctic region? Even though the price of extracting oil in the Arctic is very expensive, ExxonMobil still wants to strengthen its position in the Russian market.”

Arctic Map

“The U.S. Government will not give the green light to oil major ExxonMobil Corporation and other American companies that seek to drill in areas covered by U.S. sanctions against Russia, Treasury Secretary Steven Mnuchin said on April 21. …”

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NEWSWATCH: “The Economic Ramifications of Conflict in Ukraine” – Stratfor

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

The conflict in eastern Ukraine has dealt a particularly heavy blow to its economic relationship with Russia. Much of Ukraine’s industrial production was taken offline …. The country lost a sizable share of its exports … [and]  GDP saw a double-digit contraction. Kiev… [the EU] and [the] United States, slapped Russia with sanctions … [over] Crimea and Donbas; Moscow responded in kind …. […]

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