JRL NEWSWATCH: “Ruble slump hits Russians’ wallets, not their support for Putin” – Reuters/Andrew Osborn

Cash, Calculator, Pen

“…  the likely cost of a weaker rouble: less spending power abroad, higher prices at home, and another round of belt tightening. … [resulting from] the rouble shedding 10 percent of its value against the dollar since the end of July, driven down largely by new U.S. sanctions …. The narrative in Russia that the rouble’s slide is the result […]

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JRL NEWSWATCH: “Turkey Shifts Toward Russia as Sanctions Sour U.S. Relations; Foreign ministers slam Western sanctions, as Erdogan plans boycott of U.S. electronic goods” – Wall Street Journal/David Gauthier-Villars

Turkey and Environs Satellite Image

“… Erdogan … stepped up his attacks on the U.S. … Tuesday, calling for a boycott of Apple … iPhones and other U.S. electronic goods … his foreign minister joined his Russian counterpart … criticizing Western sanctions. Turkey, a longtime [NATO] ally, has been caught between the West and Russia. This week, officials in Ankara were leaning decidedly toward Moscow. […]

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RUSSIALINK: “The Russian Sanctions Bill Proposed by Congress, Explained” – Moscow Times

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

The latest U.S. sanctions bill announced earlier this month was published on the website of Congress on Tuesday and includes sweeping restrictions on investment in new Russian sovereign debt and bank operations. [congress.gov/bill/115th-congress/senate-bill/3336/text?r=12#toc-id10F125618FBE42A2826B31DE3B988FE0] News of the bill sent the ruble tumbling to two-year lows and sparked a wider asset sell-off. Less than a month after the first Russian-U.S. presidential summit […]

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Nigel Gould-Davies: “BOFIT Policy Brief: Assessing Western Sanctions”

Diverse Paper Currency, Coins, Line Graph

Subject: BOFIT Policy Brief: Assessing Western sanctions Date: Tue, 14 Aug 2018 From: Nigel Gould-Davies <nigelgd.office@gmail.com In case of interest to JRL, my policy brief for the Bank of Finland’s Institute for Economies in Transition (BOFIT) on “Economic effects and political impacts: Assessing Western sanctions on Russia”, just published: helda.helsinki.fi/bof/bitstream/handle/123456789/15832/bpb0818.pdf?sequence=1&isAllowed=y Abstract: This brief assesses the effectiveness of Western sanctions on […]

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JRL NEWSWATCH: “Newest U.S. Sanctions Against Russia Hit an Economic Nerve” – AP

File Photo of White House with South Lawn and Fountain

“… The Trump administration announcement of export restrictions in response to accusations Moscow used a nerve agent to poison a former Russian spy in Britain sent the ruble tumbling to a two-year low and drew a stern warning from [Medvedev]. While the initial sanctions may have a limited impact, a second batch expected within months could hit the Russian economy […]

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JRL NEWSWATCH: “The Administration Gets Tough on Russia – Despite Trump; The president holds chummy meetings with Vladimir Putin, while his administration imposes new sanctions.” – New York Times Editorial

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

“… [N]ew sanctions imposed on Russia … [feature] a ban on export of anything with a potential military use, announced by the State Department …. Putin’s Russia is asking for punishment when his agents use a chemical weapon against a double agent, brazenly meddle in Western elections, cheat in international sports, ruthlessly ravage Ukrainian territory or violate human rights. … […]

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RUSSIALINK: “Experts discuss Russian responses to new U.S. sanctions” – Bear Market Brief

State Department Building and U.S. Flag

“… On Friday, PM Dmitry Medvedev called potential new US sanctions ‘economic war,’ noting that Russia must respond with economic, political, and if necessary, other methods. Today, Russian … [commentators] discuss Moscow’s options. …”

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NEWSLINK: “Factbox: U.S. Companies With Exposure to Russia” – Reuters

State Department Building and U.S. Flag

“… But new developments have raised the possibility of fresh challenges for U.S. companies in Russia. The United States on Wednesday announced it would impose fresh sanctions on Russia after Washington determined Moscow had used a nerve agent against a former Russian double agent, Sergei Skripal, and his daughter, Yulia, in Britain. Russia on Thursday condemned the new round of […]

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RUSSIALINK: “Russia Can Weather Any New U.S. Sanctions, Says Moody’s” – Moscow Times

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – August 7, 2018) Russia will be able to weather new sanctions from the United States following a series of steps it took to reduce its vulnerability to future penalties, said Moody’s analyst Kristin Lindow. The U.S. levied sanctions against businesses held by Kremlin-linked oligarchs in April as punishment for alleged interference in the 2016 presidential […]

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JRL NEWSWATCH: “U.S. to impose ‘crushing’ set of sanctions on Russia’s debt and oil” – bne Intellinews/Ben Aris

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

“A proposed ‘crushing’ bipartisan bill introduced by the … Senate … will not be debated until … autumn and many … harsh terms could be considerably watered down, Luis Saenz, … co-head of equities at BCS Global Markets said …. [The] bill … targets Russian debt and energy companies, designed to punish Russia for interfering in the U.S. presidential election, […]

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RUSSIALINK: “Western Sanctions on Russia’s Oil and Gas Sector: a Damage Assessment” – Carnegie Moscow/Tatiana Mitrova

Oil Well file photo

“Don’t be misled by Western sanctions’ limited impact on Russia. In reality, they operate with an accumulating effect: the more time passes, the greater the potential technological backlog, financing gap, and negative consequences will be. In the long run, sanctions may jeopardize Russia’s oil and gas production volumes and the development of pipeline infrastructure, gradually squeezing the country out of […]

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RUSSIALINK: “Large Russian Companies Are Turning Inward; The mobile operator Megafon’s plan to delist in London is the latest sign that the West is becoming inhospitable” – Leonid Bershidsky/Bloomberg

Hand Pulling Cash from Envelope

“The planned delisting of Megafon PJSC, Russia’s second-biggest mobile operator, from the London Stock Exchange is no ordinary event. The company is one of the most liquid Russian stocks trading overseas, and its exit is further evidence that the country’s businesses are turning inward as exposure to the West becomes increasingly problematic. In 2011, almost 70 Russian companies’ depositary receipts […]

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RUSSIALINK: “Provision on criminal liability for complying with Western sanctions on Russian territory may be removed from bill – Volodin” – Interfax

Russian State Duma Building file photo

MOSCOW. July 10 (Interfax) – Russian MPs may remove the provision criminalizing compliance with Western anti-Russian sanctions in the country from a draft bill that is currently under consideration in the lower house of the Russian parliament, State Duma Chairman Vyacheslav Volodin said. “Everyone, including the business community, experts and deputies, have reached consensus on the second part of the […]

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RUSSIALINK: “Russia’s Rating Agency Says More Sanctions Are Key Economic Risk” – Moscow Times

Truck at Russian Border Crossing

(Moscow Times – themoscowtimes.com – July 10, 2017) The possibility of more Western sanctions against Moscow is the key risk for the Russian economy, as much of 21 percent of which has already felt the impact of existing sanctions, Russia’s Analytical Credit Ratings Agency said in a report on Tuesday. Western sanctions are expected to weigh on Russia’s oil-dependent economy […]

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JRL NEWSWATCH: “Russia woos a Europe feuding with U.S. over tariffs, Iran” – Christian Science Monitor/Fred Weir

EU Map

“The scene at [SPIEF:] … Putin … flanked by French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, International Monetary Fund Managing Director Christine Lagarde, and Chinese Vice President Wang Qishan. * * * Trump has slapped tariffs on steel and aluminum exports from the [EU] … and warned … U.S. sanctions might be imposed on European companies participating in […]

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NEWSWATCH: “Londongrad oligarchs are being forced back to Russia’s embrace; As sanctions bite, tycoons feel hemmed in by Vladimir Putin’s power” – Financial Times/Max Seddon

File Photo of British Parliament Building, Big Ben, Thames, adapted from image at loc.gov

“…. once ideal go-betweens between Russia and the west. … [s]uddenly, oligarchs are too Russian for a west eager to clean up its act and too western for a Russia hunting for ‘enemies of the people.’ … the nature of oligarchy … has changed dramatically …. Putin shifted the power dynamic …. under an unwritten rule: they were allowed to […]

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NEWSWATCH: “U.S. Ambassador Skips Encounter With Sanctioned Russian Tycoon” – Reuters

File Photo of John Huntsman, Men in Military Uniforms and Others, adapted from image at army.mil

“U.S. ambassador to Russia Jon Huntsman Jr. stayed away from an event on Friday that would have required him to be in the same room as Viktor Vekselberg, a Russian metals tycoon subject to U.S. sanctions. Huntsman had initially been scheduled to be part of a panel discussion on U.S.-Russian business ties as part of the St Petersburg investment forum, […]

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RUSSIALINK: “American Businesses in Russia Are Struggling After U.S. Sanctions, Survey Says” – Moscow Times

Cash, Calculator, Pen

U.S. sanctions have created new difficulties for American businesses working in Russia, a recent survey of companies has said. Last month, the United States sanctioned several Russian companies and businessmen for alleged meddling in the 2016 U.S. election and other “malign activities.” Russia vowed to inflict “precise and painful” damage to the U.S. in response, this week passing a bill […]

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Russian Duma Amends One Antisanctions Bill, Postpones Vote On Another

Russian State Duma Building file photo

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – May 17, 2018 – also appeared at rferl.org/a/russia-duma-amends-one-antisanctions-bill-postpones-vote-on-another/29232439.html) The lower chamber of the Russian parliament, the State Duma, has amended and approved in its second reading a bill that provides for countermeasures against the United States and other countries that imposed sanctions against Russia. A third and final reading is […]

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RUSSIALINK: “Kara-Murza Jr. to face criminal liability if Duma adopts law on punishment for sanctions – Isayev” – Interfax

Memorial Flowers and Photo of Sergei Magnitsky

MOSCOW. May 16 (Interfax) – Vladimir Kara-Murza Jr., deputy chairman of the movement Open Russia, may fall under the bill criminalizing actions leading to the introduction of foreign sanctions against Russia if the bill is adopted, Andrei Isayev, first deputy chairman of the United Russia faction, said. “Among the people I know who are doing it is Vladimir Kara-Murza Jr., […]

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‘Not Their Business To Bomb Voronezh’: Russian Lawmakers Gut Sanctions Bill Targeting U.S.

Russian State Duma Building file photo

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Carl Schreck – May 11, 2018 – article also appeared at rferl.org/a/russia-sanctions-bill-gutted-bomb-voronezh/29221812.html) The phrase “bomb Voronezh” has become a staple of the Russian political lexicon, a reference to what Kremlin critics call Russia’s penchant for responding to Western sanctions with punitive measures that end up harming its own citizens. […]

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RUSSIALINK: “Over 400 companies, about 200 individuals in Russia fall under U.S. sanctions – Volodin” – Interfax

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

MOSCOW. May 15 (Interfax) – The United States’ sanctions now apply to more than 400 Russian companies and about 200 individuals, State Duma Speaker Vyacheslav Volodin told reporters on Tuesday. “The U.S.’ sanctions are absolutely unfriendly. They’ve been applied to more than 400 legal entities and about 200 citizens of our country, and we should do everything we can to […]

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NEWSWATCH: “Russia to Soften Plan for Retaliation Against U.S. Sanctions” – Bloomberg/Stepan Kravchenko

Truck at Russian Border Crossing

“… Russia’s parliament plans to adopt a bill on counter-measures to U.S. and European Union sanctions this month after softening the initial draft to remove language that had targeted specific sectors and products ranging from medication to aerospace. * * * … the Kremlin put the brakes on the plan, hoping to prevent another round of escalation in tensions with […]

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NEWSWATCH: “Russia in interesting times: increased risk bad; weaker ruble good” – bne Intellinews/Chris Weafer

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

“… April 6 U.S. sanctions [represent a significant shift] in terms of risk … actual and perceived, for foreign investors and companies …. The … Treasury Department … expanded the risk paramaters … targeting oligarchs and their business interests … previously it was assumed that sanctions expansion would be confined to political targets and individuals considered close to the president […]

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NEWSWATCH: “Russia’s Bondageddon” – bne Intellinews/Ben Aris

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

“Russian assets are nuclear toxic waste again. On April 6 the U.S. Treasury Department … released a new set of targeted sanctions aimed at some of Russia’s biggest businessmen and their companies, and unleashed chaos on the markets. Russian assets were hot until the new sanctions, with foreign investors piling into Russia’s sovereign ruble-denominated debt as one of the best […]

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Russians Not Turning on Kremlin Even as Latest US Sanctions Bite

Diverse Paper Currency, Coins, Line Graph

(Voice of America – voanews.com – Jamie Dettmer – April 30, 2018) The latest U.S. sanctions imposed on Russia earlier this month targeting two dozen Kremlin insiders and oligarchs close to Vladimir Putin and their companies are proving more painful than had been expected, say analysts. But they’re doing nothing at this stage in turning ordinary Russians against the Kremlin […]

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NEWSWATCH: “The Rusal Case Is a Failure of U.S. Sanctions; There are ways to hit Putin’s shadowy cronies without hurting top Russian firms” – Bloomberg/Leonid Bershidsky

“… Most of the $1 trillion that has fled Russia to the West since the Soviet Union’s collapse isn’t owned by the old-school ‘oligarchs.’ It was the corrupt officials and the little-known regime clients who moved it overseas. The West is still doing little to track that wealth and its owners; it’s looking under the lamp, not in the shadows where […]

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RUSSIALINK: “Influential economist says sanctions-hit Russian firms must not be compensated” – Interfax

Alexei Kudrin file photo

(Interfax – April 21, 2018) Former Finance Minister Alexei Kudrin has said the Russian government should not compensate Russian companies which have been hit by US sanctions. “Companies should be helped so that they don’t stop, but you don’t have to…[ellipses in original] compensate billionaires for the loss in their value,” Interfax news agency quoted Kudrin as saying on 21 […]

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NEWSWATCH: “How to Stop Vladimir Putin’s Mafia; The real enemy is a group of about 100 beneficiaries of the regime and several thousand accomplices” – Wall Street Journal/Mikhail Khodorkovsky

Mikhail Khodorkovsky file photo

“… The West’s real enemy – and the enemy of the Russian people too – is a group of about 100 key beneficiaries of the Putin regime, and several thousand of their accomplices, many of whom hold posts in the Federal Security Service and the presidential administration.  Most of these people began their careers in the criminal underworld of St. […]

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NEWSWATCH: “Is Russia Sponsoring Terrorism?” – New York Times/Senator Cory Gardner

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

“… The State Department should consider adding [Russia] to its list of state sponsors of terrorism, alongside its close allies Iran and Syria. … Russia has invaded … Georgia and Ukraine … supports the murderous regime of Bashar al-Assad and our enemies in Afghanistan … is engaged in active information warfare against Western democracies, including meddling in the 2016 United […]

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NEWSWATCH: “Political Tensions Could Rob the U.S. of the Russian Rocket Engine It Desperately Needs; The United States has become increasingly reliant on the RD-180” – Popular Mechanics/David Grossman

File Photo of Atlas Rocket on Launch Pad

“The burgeoning private space industry might find itself caught in the middle of geopolitical tensions …. Russian lawmakers have drafted a law that would ban cooperation … on building rocket engines, including … the crucial RD-180. … [that] powers the Atlas V, the launch system maintained by United Launch Alliance (ULA), a joint company owned by both Lockheed Martin and […]

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NEWSWATCH: “Russia is opposed to ‘sanction-swapping’ with the U.S. – but is prepared to defend itself, finance minister says” – CNBC

Anton Siluanov file photo

“Russia stands ready to retaliate against the latest round of U.S. sanctions … Finance Minister Anton Siluanov [said] …. The U.S. slapped sanctions on several Russian oligarchs, businesses and agencies thought to have ties to … Putin …. prompt[ing] a dramatic market sell-off in Moscow …. Siluanov told CNBC: ‘We are not in favor of sanction-swapping. Nevertheless, our MPs (members […]

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Moody’s says Russian economy resilient to latest U.S. sanctions

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – April 19, 2018) Rating agency Moody’s Investors Service said on Wednesday Russia’s strong public and external finances would shield its economy from the impact of the latest U.S. sanctions. However, the sanctions will be credit negative for some Russian debt issuers, especially Russian aluminum giant United Company Rusal Plc, Moody’s said in a report. The […]

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NEWSWATCH: “U.S. postpones fresh sanctions on Russia, Kremlin retaliation options limited” – bne Intellinews/Ben Aris

Nikki Haley file photo, adapted from image at usembassy.gov

“The Trump administration postponed imposing yet another round of sanctions to the ‘near future’ in the wake of … airstrikes on Syria. … Nikki Haley said … the U.S. would impose fresh sanctions … that would primarily target Russia’s defence sector and single out companies … linked to chemical weapon production. Russia’s markets opened flat … the next day … […]

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U.S. Sanctions aren’t Splitting Russian Elites or Dividing Elites and People, ‘Nezavisimaya’ Says

(Paul Goble – Window on Eurasia – Staunton, April 10, 2018) The expanded US sanctions regime is based on the same assumption that the West made after the beginning of the economic crisis in Russia four years ago, the editors of Nezavisimaya gazeta say, the belief that economic hardship will lead some in the elite to oppose Vladimir Putin and […]

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RUSSIALINK: “Can Russia Afford Its Save-a-Billionaire Relief Program? Russia’s poorest will end up footing the bill” – Moscow Times/ Vedomosti/ Pavel Aptekar, Vladimir Ruvinsky

Cash, Calculator, Pen

“… new sanctions … the West imposed against companies and businesspeople with close Kremlin ties pose a new challenge for the Russian government and economy. Like in 2014, the authorities have already promised support to those targeted …. ‘Supporting those who support you’ might make sense politically, but how much of this … can the Russian economy bear? * * […]

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NEWSWATCH: “‘Market Fundamentalism’ Tested as New Economic Storm Hits Russia” – Bloomberg

Diverse Paper Currency, Coins, Line Graph

“Russia is gambling that a policy mix born amid its confrontation with the West four years ago is good enough to carry it through an even worse standoff …. allowing its ruble to trade freely  …. that flexible currency provides support for the Russian economy as … Putin faces the fallout of the most punitive U.S. penalties yet and … […]

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NEWSWATCH: “No longer safe assets: Invest in Russia at your own risk after U.S. sanctions, strategist says” – CNBC/Natasha Turak

File Photo of Outdoor Electronic Sign with Russian Exchange Data

“Russian assets, in recovery mode following a deep recession after the global oil price collapse in 2015, have been ravaged since Friday over fears of U.S. sanctions.  Popular among many emerging market investors for the past year, this progress now appears on the brink of becoming undone as market analysts call for a re-evaluation of Russia’s risk pricing. * * […]

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NEWSLINKS: “Kremlin backers warn of threat of war with U.S. as Syria tensions rise” – Washington Post/Anton Troianovski

File Photo of Bashar al-Assad and Sergei Lavrov

“… The United States is considering strikes on Russian ally Bashar al-Assad in Syria, prompting ominous speculation among people close to the Kremlin that such a move could touch off a wider conflict. One scholar who advises the Russian Defense Ministry even raised the specter of ‘World War III.’ … U.S. sanctions against top Russian business executives wiped billions of […]

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Ruble Falls Further, Russian Officials Seek To Calm Nerves

Diverse Paper Currency, Coins, Line Graph

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – April 10, 2018 – also appeared at rferl.org/a/russia-ruble-continues-fall-officials-seek-to-calm-nerves/29156379.html) The Russian ruble is falling for a second straight day following the imposition of new U.S. sanctions, while the Central Bank chief and other officials are seeking to calm investors in the wake of a big sell-off in shares of Russian companies […]

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To Avert U.S. Retaliation, Russia Proposes Inspection of Syria Attack Site

Syria Map

(Moscow Times – themoscowtimes.com – April 10, 2018) Russia said on Tuesday it will propose to the United Nations that international inspectors visit the site of a suspected chemical weapons attack in the Syrian town of Douma, a move which follows U.S. President Donald Trump’s warning of quick, forceful action in response to the incident. At least 60 people were […]

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‘No Doubt’ Russia Can Weather U.S. Sanctions, Economic Development Minister Says

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – April 10, 2018) Russia’s Economic Development Minister has promised that the country will be able to withstand losses suffered since the latest round of U.S. sanctions triggered sell-offs. The ruble sank to its lowest exchange rate against the U.S. dollar and euro since December 2016 on the second day of losses. Stocks in major Russian […]

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NEWSLINK: “Taking on Russia’s ‘oligarchs’; Meduza looks at the businessmen, state officials, and companies targeted in the latest U.S. sanctions” – Meduza

“On Friday, the world got a look at the latest U.S. sanctions against Russia. The U.S. Treasury Department’s new “designations” target seven Russian ‘oligarchs’ and 12 companies they own or control, 17 senior Russian government officials, and a state-owned Russian weapons trading company and its subsidiary, a Russian bank. Washington says the measures are a response to “a range of […]

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New Sanctions Won’t Spark Conspiracy Against Putin or Reverse His Policies, Shevtsova Says

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

(Paul Goble – Window on Eurasia – Staunton, April 7, 2018) The new sanctions the US has announced will hurt the Russian oligarchs but they will not lead to a conspiracy against Putin because “the main source of their incomes is in Russia and they are completely dependent on the orders of the president,” Liliya Shevtsova says. And they haven’t […]

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NEWSWATCH: “How Russia’s Economic Recession Benefits Moscow Politically in its ‘Near Abroad’ [Excerpt]” – PONARS Eurasia/Mariya Omelicheva

Map of Commonwealth of Independent States, European Portion

Mariya Y. Omelicheva is Professor in the Department of Political Science at the University of Kansas. “Over the short run, Russia’s acrimonious relations with the West are serving the Kremlin’s broader effort of heightening its influence in its ‘near abroad.’ In 2014, Russia was hit by a triple whammy of low oil prices, Western sanctions, and Moscow’s counter-sanctions. During the […]

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U.S. Reported Poised To Impose New Sanctions On Russian Billionaires

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

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – April 5, 2018 – also appeared at rferl.org/a/us-reported-poised-impose-new-sanctions-russian-billionaires/29146529.html) The United States plans to impose a new round of sanctions on Russia, this time targeting Russian billionaires with ties to President Vladimir Putin, media are reporting. Reuters and The Washington Post, citing U.S. officials speaking on condition of anonymity, said at […]

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NEWSWATCH: “We must avoid new Cold War: German government’s Russia expert” – Reuters

EU Map

“Germany wants to keep up a dialogue with Moscow despite joining Western expulsions of Russian diplomats and must avoid a new Cold War, the German government’s coordinator for Russia said …. [EU] member Ireland [and]Moldova … joined the list of countries expelling Russian diplomats over the attack on [Sergei] Skripal, a former double agent. The list includes 22 EU states; […]

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NEWSLINK: “How Will Trump Punish Russia Next? When it comes to sending messages to bad actors, presidents have a standard bag of tricks to choose from.” – Politico/Samantha Vinograd

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

“… I spent a lot of time in the situation room debating how to respond to naughty global players ….”

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NEWSWATCH: “Russian Spy’s Poisoning: Where Does PM May Go from Here? Russia’s apparent attempt to murder Sergei Skripal in the United Kingdom leaves Her Majesty’s Government with no good choices” – David Johnson/The National Interest

File Photo of British Parliament Building, Big Ben, Thames, adapted from image at loc.gov

“Russia’s apparent attempt to murder Sergei Skripal in the United Kingdom leaves … [the UK] with no good choices. Unlike the murder of … Litvinenko … London had no choice but rapidly and publicly to accuse [Russia] of … incompetence in losing control of a nerve agent it invented or attempted murder on British soil. …”  British Prime Minister May […]

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Interfax: Putin: import substitution in Russia is temporary phenomenon

File Photo of U.S. Dairy Cows

SAMARA. March 7 (Interfax) – Import substitution in Russia is a temporary phenomenon; a temporary tool to balance out the current situation, Russian President Vladimir Putin said. “The idea of import substitution is not, in and of itself, universal and is not what we should be aiming for in the long run; import substitution mustn’t disrupt competition. This is an […]

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