Tag: Trade

RIA Novosti: Russia to Protect Economy From Risks Posed by Ukraine’s EU Association

Europe, EU, Ukraine, Russo-Ukrainian War
File Photo of Cash, Coins, Line Graph

MOSCOW, July 23 (RIA Novosti) – Moscow will have to resort to protective measures if Ukraine’s association deal with the European Union poses risks for the Russian economy, Russian Prime Minister Dmitry Medvedev said Wednesday. «We believe that the risks remain quite serious, especially concerning technical regulations and standards of sanitary and phytosanitary control. That’s why we are conducting consultations […]

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RIA Novosti: Medvedev Says US, EU Companies Clearly Show Intention to Continue Work in Russia

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
Dmitry Medvedev file photo

MOSCOW, July 23 (RIA Novosti) – Moscow has received «clear signals» from US and European companies about their intention to continue work in Russia, Prime Minister Dmitry Medvedev said Wednesday. «We have received quite clear signals that European and American companies are set to continue work with Russian partners. Time is ripe now to use non-political formats and pay attention […]

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Russian Billionaires in ‘Horror’ as Putin Risks Isolation

Economy, Business, Investment, Trade, Europe, EU, Terrorism, Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
File Photo of Cash, Coins, Line Graph

(Bloomberg – bloomberg.com – Henry Meyer, Irina Reznik, Ilya Arkhipov – July 21, 2014) Russia’s richest businessmen are increasingly frantic that President Vladimir Putin’s policies in Ukraine will lead to crippling sanctions and are too scared of reprisal to say so publicly, billionaires and analysts said. If Putin doesn’t move to end the war in Ukraine in the wake of […]

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Russia to Challenge U.S. Sanctions at WTO

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
WTO Logo

(Moscow Times – themoscowtimes.com – Mark Lammey – July 21, 2014) Russia is planning to complain to the World Trade Organization, or WTO, abou t sanctions imposed by the U.S. over Russia’s perceived failure to help de-escalate the ongoing crisis in Ukraine, media reports said. The U.S. on Wednesday let rip with its third and harshest round of sanctions against […]

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How will new round of sanctions affect Russia?

Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
File Photo of Cash, Coins, Line Graph

(Russia Beyond the Headlines – rbth.ru – Alexei Lossan, RBTH – July 18, 2014) The U.S. Department of the Treasury has included large Russian companies in its list of sanctions, including the main institute of development VEB (Vnesheconombank), the major oil company Rosneft, and several defense-industrial enterprises. Experts consider these to be the most serious sanctions ever to be leveled […]

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RIA Novosti: Medvedev Says U.S. Sanctions against Moscow Won’t Bust Russian Economy

Ukraine, Russo-Ukrainian War
Dmitry Medvedev file photo

LIPETSK, July 18 (RIA Novosti) – US sanctions imposed on Russia are restraints but will not cripple the country’s economy, Russian Prime Minister Dmitry Medvedev said Friday. “This is a program of limiting our country, or as is accepted to say, restraining [Russia],” Medvedev told students at a metallurgical plant in Lipetsk. “Sanctions won’t cripple our economy, everything will be […]

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RIA Novosti: Ukraine Predicts Bilateral Trade with Russia to Cease

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
Map of Commonwealth of Independent States, European Portion

KIEV, July 18 (RIA Novosti) – Ukrainian Prime Minister Arseniy Yatsenyuk on Friday predicted that bilateral trade between Russia and Ukraine could come to a full stop over the complicated relations between the two countries and European sanctions imposed on Russia. “My prediction is the following: preparations reqired for an almost complete limitation of trade relations with Russia in a […]

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Interfax: Most Ukrainian industrial production facilities will stop with severance of diplomatic ties with Russia – Federation Council members

Ukraine, Russo-Ukrainian War
Federation Council file photo

MOSCOW. July 16 (Interfax) – Members of the Russian Federation Council believe that Ukraine would experience grave socioeconomic consequences from the possible severance of diplomatic relations with Russia. Nikolai Ryzhkov, Federation Council member and the head of a public committee for support of the residents of southeastern Ukraine, described remarks by Ukrainian officials suggesting that Ukraine could sever diplomatic ties […]

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‘Isolating Russia’ in the Oil and Gas Sector

Europe, EU, Oil, Gas, Energy, Ukraine, Russo-Ukrainian War
Oil Well file photo

(Gordon M. Hahn – gordon-hahn@sbcglobal.net – Analyst and Advisory Board Member, Geostrategic Forecasting Corporation, Chicago, Ill, geostrategicforecasting.com; Analyst, Rus Strategic Ltd., Prague, Czech Republic; Senior Researcher, Center for Terrorism and Intelligence Studies, Akribis Group, San Jose, Calif.) Since the Russia’s annexation of Crimea in March in the wake of the revolutionary takeover in Kiev in February, U.S. policy has rested on […]

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Why Russia won’t start a trade war with Ukraine this time round

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
EU Map

(Business New Europe – bne.eu – COMMENT: Iana Dreyer of borderlex.eu – July 11, 2014) High-level officials from the EU, Ukraine and Russia are holding a trilateral meeting in Brussels on July 11 to address Russia’s concerns about how the free trade and association pact that Brussels and Kyiv signed in late June might have on its trade with Ukraine. […]

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RIA Novosti: Russia Hopes for Positive Outcome of Three-Way Talks on Ukraine’s EU Association – Minister

Europe, EU, Ukraine, Russo-Ukrainian War
EU Map

BRUSSELS, July 11 (RIA Novosti) – Russia hopes that a three-party ministerial meeting to discuss Ukraine’s association with the European Union will produce a positive outcome, Russian Economic Development Minister Alexei Ulyukayev said Friday. Ulyukayev, Ukrainian Foreign Minister Pavlo Klymkin and European Commissioner for Trade Karel De Gucht will meet for three-party talks and bilateral meetings later in the day. […]

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Moscow To Kyiv, Tbilisi, And Chisinau: EU Deals Will Cost You

Politics, Government, Protests, Elections
Map of Western CIS/FSU and European Environs

(RFE/RL – rferl.org – Daisy Sindelar – July 6, 2014) Russia has never hidden how it feels about neighbors forging closer ties with the European Union. So it was no surprise when Deputy Foreign Minister Grigory Karasin said there would be “grave consequences” for Ukraine when it signed a landmark deal on closer economic ties with Brussels on June 27. Georgia and Moldova signed […]

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Concern in Russia as foreign tourist numbers slump

Economy, Business, Investment, Trade, Russia & the West
File Photo of Airplane Approaching Runway About to Land

(Russia Beyond the Headlines – rbth.ru – Viktor Kuzmin, special to RBTH – July 3, 2014) Tourist operators in Russia have expressed alarm at a substantial drop in the number of foreign visitors coming to the country in 2014. Key figures in the tourist industry speculate that the fall in tourist numbers may be a result of the Ukrainian crisis, […]

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RIA Novosti: U.S. sanctions a new kind of offensive weapon – Russia’s Ryabkov

United States, U.S.-Russian Relations
Sergei Ryabkov file photo

(RIA Novosti – Moscow, July 3, 2014) The US has turned the tool of sanctions into a new kind of offensive weapons. Russia will not get involved in this kind of arms race but has the right to seek ways to protect itself, Russian Deputy Foreign Minister Sergey Ryabkov has said. “It seems that the Washington administration has come to […]

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RIA Novosti: US Exports to Russia Hit Record Levels in May Despite Sanctions

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
File Photo of Cash, Coins, Line Graph

MOSCOW, July 4 (RIA Novosti) – US exports to Russia rose 21 percent and reached a record high of $1.25 billion in May, according to the Bureau of Economic Analysis, an arm of the US Department of Commerce. During the same month, American exports to the EU and China increased by only 2.5 percent and 2.2 percent, respectively. US imports […]

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Why Putin Is in Trouble With 86% Approval

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Vladimir Putin file photo

(Bloomberg – bloomberg.com –  Evgenia Pismennaya, Henry Meyer, Brad Cook – June 27, 2014) One month he wins the Olympics and kudos from world leaders. The next he grabs Crimea and gets kicked out of their most exclusive club. Now he’s facing a recession with few tools to fight it save the public’s love. Even Vladimir Putin, in his 15th […]

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Russians Suffer from Three Misconceptions about Western Sanctions over Ukraine, Analyst Says

Europe, EU, Russia & the West, Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
File Photo of Cash, Coins, Line Graph

(Window on Eurasia – Paul Goble – Staunton, June 27, 2014) Russians must recognize that sanctions are “the new economic and political reality” in which they live and overcome three widespread and government-promoted misconceptions about such sanctions if the country is going to be able to cope with them as well as possible, according to a senior Russian scholar. In […]

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EU Association Agreements Not Seen as Threat to Russian Economy

Europe, EU, Georgia, Moldova, Ukraine, Russo-Ukrainian War
EU Map

(Moscow Times – themoscowtimes.com – Gabrielle Tétrault-Farber – June 27, 2014) With Ukraine, Georgia and Moldova set to sign the economic sections of association agreements with the European Union on Friday, analysts say the deals will have minimal impact on the Russian economy but will further broaden the political schism between Russia and its neighbors. Russia should not lose more […]

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Ukraine, EU sign free trade and association deal in Brussels

Europe, EU, Ukraine, Russo-Ukrainian War
Ukraine Map and Flag

(Business New Europe – bne.eu – COMMENT: Tim Ash of Standard Chartered – June 27, 2014) This is a landmark agreement for Ukraine, and will be transformational. Poroshenko has indicated that Ukraine aims for EU membership, but this is a long run goal – likely 10-15 years away, if then. Ukraine is realistic, and understanding of the changing politics in […]

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RIA Novosti: Candidate Status for Ukraine Difficult to Predict – EU Commissioner

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
EU Map

BRUSSELS, June 27 (RIA Novosti) – Ukraine’s chances of attaining candidate status for membership in the European Union are hard to predict, Stefan Fuele, EU Commissioner for Enlargement said. “We are not at the stage when we could even speculate about the candidate status. We just signed the association agreement, it needs to be ratified, we need to move on […]

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NEWSLINK: Ukraine Signs Trade Agreement With European Union

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
EU Map

[“Ukraine Signs Trade Agreement With European Union” – New York Times – ANDREW HIGGINS and DAVID M. HERSZENHORN – June 27, 2014] The New York Times reports on Ukraine and the European Union reaching a sweeping trade deal, one that had been the original impetus for protests effectively upending the earlier Ukrainian regime of Viktor Yanukovych. Meanwhile, Russia has threatened serious consequences in […]

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Follow the Money to Putin Inc. to See Why U.S. Struggles With Russia

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War

(Bloomberg – bloomberg.com – Alan Katz, Jesse Drucker, Irina Reznik – June 25, 2014) To see why U.S. economic sanctions against Russia are likely to have limited impact, follow the spending of a small Delaware-incorporated, Nasdaq-traded television company named CTC Media Inc. (CTCM) While CTC Media has a market capitalization of just $1.7 billion, it’s a good example of the […]

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U.S. Business Groups to Run Ads Attacking Fresh Russia Sanctions

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
Empty Boardroom

(Moscow Times – themoscowtimes.com – Anna Dolgov – June 26, 2014) Two main business lobbies in the U.S. plan to publicly challenge White House foreign policy regarding Russia by taking out advertisements in the nation’s top three newspapers to warn that imposing additional sanctions against Moscow will only harm U.S interests. The U.S. Chamber of Commerce and the National Association […]

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RIA Novosti: Ukraine, Moldova to Lose Billions over EU Association Deals

Europe, EU, Moldova, Ukraine, Russo-Ukrainian War
Ukraine Map and Flag

MOSCOW, June 26 (RIA Novosti) – Ukraine and Moldova’s struggling economies could face multi-billion-dollar losses after signing association agreements with the European Union, Russian experts warn. “Countries that sign this association [deal] agree to fall in line with all EU directives, standards and technical regulations – and this is at their own expense. Even if the EU gives them certain […]

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RIA Novosti: Russia to Contest West’s Unilateral Economic Sanctions in WTO

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
WTO Logo

ST. PETERSBURG, June 20 (RIA Novosti) – Moscow intends to refer the issue of unilateral economic sanctions imposed on Russia by the West to the World Trade Organization, Russian Prime Minister Dmitry Medvedev said Friday. “When the United States imposed on Russia sanctions that create negative consequences for foreign trade, we decided to challenge them in the World Trade Organization. […]

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RIA Novosti: Legal Disputes Between Russia, Ukraine Better Than Force – Medvedev

Ukraine, Russo-Ukrainian War
Map of Western CIS/FSU and European Environs

ST. PETERSBURG, June 20 (RIA Novosti) – Many legal disputes are expected to arise between Russian and Ukrainian companies, but arbitration processes are better than tyranny and the use of force, Russian Prime Minister Dmitry Medvedev said during a speech at the International Legal Forum in St. Petersburg Friday. “In the near future, there will be disputes between Russian and […]

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Ukrainian ‘Black Hole’ Weighs Heavy On European Business in Russia

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
File Photo of Cash, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Delphine d’Amora – June 18, 2014) Politics took front stage at the flagship conference of the Association of European Business, or AEB, on Tuesday, where foreign companies with committed interests in Russia grappled with the economic fallout of the unfolding crisis in Ukraine. Business as something relatively immune to political vacillations is a thing of […]

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Russia Beyond the Headlines: Press Digest: Kiev’s position on gas payments is ‘blackmail’

Media, Internet, Social Media, Television, Ukraine, Russo-Ukrainian War
Collage of Russian Newspapers

(Russia Beyond the Headlines – rbth.ru – Darya Lyubinskaya, special to RBTH – June 17, 2014) RBTH presents a selection of views from leading Russian media on the latest gas crisis between Moscow and Kiev, which culminated yesterday with Russia cutting off supplies to Ukraine after talks had once again reached a dead end. Kommersant The gas issue was the […]

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Gazprom’s EU customers not at risk for now

Europe, EU, Oil, Gas, Energy, Ukraine, Russo-Ukrainian War
Gas Flame file photo

(Business New Europe – bne.ru – Teneo Intelligence – June 17, 2014) Following the failure of negotiations on natural gas pricing and debt between Russia and Ukraine last weekend, Russian company Gazprom reduced supply volumes to Ukraine, the main transit country for gas delivered to Gazprom’s EU customers. However, Gazprom continues to deliver contracted amounts to the EU for now, […]

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RIA Novosti: Russia Ready to Review Ukraine’s Gas Debt, Scrap Prepayment Scheme – Energy Minister

Oil, Gas, Energy, Ukraine, Russo-Ukrainian War
Gas Facility file photo

BRUSSELS, June 11 (RIA Novosti) – Russia will not introduce advance gas payments for Ukraine and review its gas debt downwards if Kiev pays off $2 billion of its gas debt by June 16 and clears arrears in full by June 26, Energy Minister Alexander Novak said Wednesday. “It was suggested to review the payoff schedule for debts accumulated in […]

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Putin’s China Deal Won’t Help Russian Economy Much, Moscow Experts Say

China, Economy, Business, Investment, Trade
China Map

(Window on Eurasia – Paul Goble – Staunton, June 5, 2014) The much-ballyhooed gas deal Vladimir Putin signed with Beijing will only have an “insignificant” impact on Russia’s economic development and state revenues, according to an analysis by experts at the Center of Development of the Moscow Higher School of Economics. Their 43-page report is available at opec.ru/data/2014/06/04/1233922990/KGB_70f.pdf. Its main […]

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In a global economy, can Russia go it alone?

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

(Russia Beyond the Headlines – rbth.ru – David Miller, special to RBTH – June 4, 2014) Russia is far more integrated into the world economy today than its Soviet predecessor was, making sanctions a more challenging proposition than when the Soviet Union faced them in the 1980s. The standoff over Ukraine has pushed tensions between Russia and the West to […]

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Ukraine still harbours doubts about benefits of EU deal

Europe, EU, Ukraine, Russo-Ukrainian War
Ukraine Map and Flag

(Business New Europe – bne.eu – COMMENT: Iana Dreyer of borderlex.eu- June 4, 2014) Ukraine and the EU are adamant both sides will sign the long-planned free trade and association deal. Yet President-elect Petro Poroshenko sowed confusion soon after his election May 25 when he asked for more time before putting pen to paper, highlighting lingering doubts over the true […]

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Sino-Russia gas deal represents a fundamental change

China, Oil, Gas, Energy
China Map

(Business New Europe – bne.eu – COMMENT: Jacob Grapengiesser of East Capital – June 2, 2014) After ten years of haggling, Moscow and Beijing finally signed off on game-changing $400bn gas supply deal, under which Russia will at first supply 38bn cubic metres (cm) of gas to China over 30 years from 2018. Moscow and Beijing are to share the […]

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St. Petersburg forum attracts foreign investors despite boycott

Economy, Business, Investment, Trade
File Photo of St. Petersburg Economy Forum Outdoor Banners and Building Facade

(Russia Beyond the Headlines – rbth.ru – Alexei Lossan, RBTH – May 29, 2014) In spite of boycotts by CEOs of top global companies by the U.S. and a number of other Western nations, the St. Petersburg International Economic Forum, held on May 22-24 in Russia’s second city, saw contracts signed between U.S. firms and Russian market players. The St. […]

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EU proposed to repay to Gazprom half of Ukraine’s debt for April-May gas supplies as payment deadline nears

Europe, EU, Oil, Gas, Energy, Ukraine, Russo-Ukrainian War
Gas Facility file photo

(Business New Europe – bne.eu – May 29, 2014) Gazprom, which earlier sent a prepayment bill to Ukraine, will limit gas supplies on June 3 if Kiev does not pay the advance bill for June, Gazprom CEO Alexei Miller said Wednesday at a meeting of President Vladimir Putin with the government, Prime reported. According to Miller, Ukraine purchased 3.5 billion […]

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Despite Ukraine Crisis, Russia Pursues Eurasian Integration Dream

CIS, Customs Union, Eurasian Union
Map of Commonwealth of Independent States, European Portion

(RFE/RL – rferl.org – Robert Coalson – May 28, 2014) It’s full steam ahead for the Moscow-backed Eurasian Economic Union — even as its prospective members express serious reservations. At the May 29 summit of Russia, Belarus, and Kazakhstan in Astana, the three are expected to sign a treaty to transform their tripartite Customs Union into a Eurasian Economic Union (EES) by January 2015. […]

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Russia-China gas deal spells trouble for the dollar

China, Oil, Gas, Energy
China Map

(Business New Europe – bne.eu – INVISIBLE HAND – Liam Halligan in London, Editor-at-Large of BNE – May 28, 2014) The St Petersburg International Economic Forum (SPIEF), now in its 18th year, was less well attended than usual. The absence of various US and Western Europe CEOs, responding to pressure from their governments following sanctions on Russia, was heavily commented […]

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RIA Novosti: Nestle, Mars Could Buy Poroshenko’s Candy Company for $1.5 Bln

Ukraine, Russo-Ukrainian War
Ukraine Map and Flag

MOSCOW, May 28 (RIA Novosti) – Food giants Mars and Nestle have been tipped as favorites to buy Ukraine’s leading chocolate firm Roshen, currently owned by likely president-elect Petro Poroshenko, for as much as $1.5 billion. The candy-maker-turned-politician earlier vowed to sell his biggest asset if elected president, and summoned investment advisors and bankers to assess a best price. Poroshenko’s […]

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Russia tests waters of WTO dispute settlement with EU complaints

Economy, Business, Investment, Trade, Europe, EU
WTO Logo

(Business New Europe – bne.eu – COMMENT: Jennifer Freedman of Borderlex – May 17, 2014) Less than two years after becoming a member of the World Trade Organization (WTO), Russia has filed two complaints with the dispute settlement body in Geneva that target the EU, Russia’s main trading partner. These complaints concern antidumping duties and a package of EU laws […]

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Putin is risking the engine of Russia’s economy

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
File Photo of Cash, Coins, Line Graph

(Business New Europe – bne.eu – COMMENT: Lord Peter Mandelson of Global Counsel – May 27, 2014) Peter Mandelson was European Trade Commissioner between 2004 and 2008. He is now Chairman of Global Counsel Despite Russia’s recent underperformance, the size and potential of its economy has made it an attractive prospect for global companies. From German manufacturers to French and […]

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Interfax: Western sanctions haven’t yet affected Russian economy – Medvedev

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
Dmitry Medvedev file photo

MOSCOW. May 26 (Interfax) – Russia has not yet felt the effect of the West’s sanctions, but if they are applied to whole sectors of the Russian economy, European businesses will be harmed equally, Russian Prime Minister Dmitry Medvedev said. “The effect of the sanctions on the Russian economy is absolutely minimal at the moment, if there is any at […]

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Interfax: Visa, MasterCard to continue operating in Russia – Siluanov

Politics, Government, Protests, Elections
File Photo of Stack of Credit Cards, adapted from image at fdic.gov

(Interfax – May 20, 2014) The payment systems Visa and MasterCard will continue operating in Russia, Finance Minister Anton Siluanov told Interfax on Tuesday. “We can’t abandon these systems since over 90 percent of those who use payment systems work with them,” he said. He did not say how the problem would be resolved with security deposits that Visa and […]

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Welcome to a multipolar world

China, Economy, Business, Investment, Trade, Europe, EU, NATO, United States, U.S.-Russian Relations
World Map Showing Continents, Greens, Browns, Ice

(Business New Europe, MOSCOW BLOG – bne.eu – Ben Aris in Moscow – May 19, 2014) The shouting match between west and east continues, but the Russian stock market was surging on May 19, a day before Russian President Vladimir Putin was due to arrive in China, where he is expected to sign a string of massive investment deals. Some […]

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Interfax: Georgia can have free trade regime with EU and Russia – Abashidze

Europe, EU, Georgia
Tblisi, Georgia, File Photo with Building with Tower on Hillside and City Buildings in Valley in Distance

TBILISI. May 14 (Interfax) – Zurab Abashidze, the Georgian prime minister’s special representative on relations with Russia, said he sees no obstacles to Georgia’s having a free trade zone both with the European Union and Russia. “There is no contradiction in Georgia’s having a free trade regime with the European Union and the same privileged trade regime with Russia,” Abashidze […]

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RIA Novosti: EU Embargo on Russian Gas Would be Catastrophic for Eastern Europe – Nexant

Europe, EU, Oil, Gas, Energy, Ukraine, Russo-Ukrainian War
Gas Flame file photo

WASHINGTON, May 14 (RIA Novosti) – A complete European embargo on Russian gas imports would lead to an energy catastrophe in eastern European countries, an expert from San-Francisco based Nexant told RIA Novosti on Wednesday. Bulgaria, Macedonia, Slovakia, Finland, Bosnia and Herzegovina could be completely cut off by Western countries if they no longer serve as gas transits, Nexant’s Global […]

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RIA Novosti: China-Russia-US Bering Strait Railroad Plan ‘Feasible’

China, United States, U.S.-Russian Relations
Polar Map of Major Rail Lines in Russia, Canada and United States, With Hypothetical Additional Route Drawn In Connecting Them Across Bering Strait

WASHINGTON, May 13 (RIA Novosti) – A Chinese plan to build a high-speed rail line connecting China to the United States via Russia and Canada is entirely feasible, but it remains to be seen if the US and Russia can cooperate amid the Ukrainian crisis, US rail expert Hal Cooper told RIA Novosti. Cooper, of the Cooper Consulting Company in […]

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Ukraine’s gas politics

Oil, Gas, Energy, Ukraine, Russo-Ukrainian War
Gas Flame file photo

It is commonly assumed that the main economic challenge facing Ukraine is its dependence on energy supplies, especially natural gas, imported from Russia. But that is only half the story (opendemocracy.net – Margarita Balmaceda and Peter Rutland – May 8, 2014) Peter Rutland is professor of government at Wesleyan University in Connecticut, USA. Margarita Balmaceda is Professor of Diplomacy and […]

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Foreign affair: Which brands have captured the hearts of Russians?

Economy, Business, Investment, Trade
File Photo of Russian McDbnald's Crew with U.S. Diplomat

(Russia Beyond the Headlines – rbth.ru – May 9, 2014) For the majority of Russian citizens, international brands are a must: As far as cars are concerned they prefer the Korean Hyundai or KIA, but when it comes to phones they opt for Samsung. Muscovites, unlike the rest of Russia, prefer Apple and Volkswagen products. German and American quality According […]

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U.S. CEOs Shun St. Petersburg Forum But Send Their Deputies

Economy, Business, Investment, Trade
File Photo of St. Petersburg Economy Forum Outdoor Banners and Building Facade

(Moscow Times – themoscowtimes.com – Alexander Panin – May 8, 2014) Despite the White House’s calls for major firms to boycott the Saint Petersburg International Economic Forum, Russian officials said Wednesday that the forum would go on as U.S. CEOs bow out but send their deputies. The most prominent international economic meeting in Russia, chaired by President Vladimir Putin, the […]

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