NEWSWATCH: “Russia Risks Decades of Low Growth Under U.S. Sanctions: Putin Adviser”- Reuters

Alexei Kudrin file photo

“Russia risks being saddled with U.S. sanctions for decades, curbing economic growth and preventing it from regaining its status as a leading economic power, an adviser to President Vladimir Putin said …. Alexei Kudrin told Reuters that the current proposed tightening of sanctions in Washington should not have any serious impact. But he called for a major structural reform program […]

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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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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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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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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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VIDEO & ARTICLE: “Russian Banker Sees Trump Facing Witch Hunt in New Cold War” – Bloomberg

File Photo of White House with South Lawn and Fountain

(Bloomberg – bloomberg.com – Erik Schatzker, Jake Rudnitsky – June 1, 2017) [Video interview also at: bloomberg.com/politics/articles/2017-06-01/russian-banker-says-u-s-involved-in-witch-hunt-against-trump] U.S. politicians have turned an investigation into alleged Russian interference in the presidential elections into a witch hunt to settle domestic political scores, according to the head of Russia’s second-largest bank. “This is effectively a new Cold War,” VTB Group Chief Executive Officer […]

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NEWSWATCH: “Macron meets Russia’s Putin near Paris, promising tough talks” – Reuters/ Michel Rose, Denis Dyomkin

Eiffel Tower and Tree-Lined Grassy Green, adapted from image at lbl.gov

“#French President Emmanuel #Macron met #Russia’s Vladimir #Putin near Paris on Monday, promising some frank talking with the Kremlin leader after an election campaign in which his team accused Russian media of trying to interfere. … * * * While Moscow backs [#Syria’s] … al-Assad, France supports rebel groups trying to overthrow him. France has also taken a tough line on […]

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NEWSWATCH: “Russia’s economy is recovering well” – CNN

Diverse Paper Currency, Coins, Line Graph

“[Russia] is recovering nicely from a recession and should see economic growth of 1.4% this year, according to [the IMF] … Russia is heavily dependent on oil exports and was hit hard when crude prices started to crash in 2014. Economic sanctions imposed by Western governments as punishment for Russia taking control of Ukraine’s Crimea region dealt the economy another blow. […]

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NEWSWATCH: “Western sanctions and languid Russian economy; Stringent international sanctions imposed on Russia for its role in the Ukraine conflict have sucked the momentum out of the Russian economy over the past couple of years. The nation’s growth prospects remain lethargic.” – Deutsche Welle/ Srinivas Mazumdaru

EU Map

Talks between … #Merkel and … #Putin … focused mainly on geopolitical and security problems, such as … #Ukraine and #Syria. … [they] did not explicitly bring up … #sanctions at the press conference … with the #German chancellor simply saying she hoped some of the sanctions could be lifted if Moscow helped make significant progress in implementing the Minsk peace plan. * * * The sanctions […]

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TRANSCRIPT: [Putin and Merkel] Press statements and answers to media questions following meeting with Federal Chancellor of Germany Angela Merkel

Map of Germany

(Kremlin.ru – Sochi, May 2, 2017) President of Russia Vladimir Putin: Good afternoon, ladies and gentlemen, I would like to begin by thanking the Federal Chancellor for coming to Sochi and for the opportunity to have a meaningful conversation on preparations for the upcoming July G20 meeting in Hamburg, and review urgent matters on the bilateral agenda, as well as […]

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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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Kudrin sees sanctions as primarily negative for Russian economy

Alexei Kudrin file photo

KRASNOYARSK. April 21 (Interfax) – Sanctions are having a negative impact on the Russian economy, the chairman of the Center for Strategic Research (CSR), former Finance Minister Alexei Kudrin said. “We are sooner losing position on the global market. The problem is not only related to the drop in oil prices and sanctions. Sanctions are in general very sensitive and […]

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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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Trump Lacks Room to Move on Sanctions on Russia, Economists Say

File Photo of White House with South Lawn and Fountain

(Bloomberg – bloomberg.com – Andre Tartar, Anna Andrianova – April 3, 2017) What a difference three months can make. Donald Trump dropped enough hints during the campaign and in the run-up to his inauguration as U.S. president to turn most economists into believers in an imminent easing of sanctions imposed against Russia over the crisis in Ukraine. But as scandals […]

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NEWSWATCH: “The fate of Russian stocks hinges on politics and oil” – CNBC/Rebecca Ungarino

File Photo of Outdoor Electronic Sign with Russian Exchange Data

“… The Moscow composite index is down nearly 8 percent year to date, underperforming the U.S. by nearly 15 percent as optimism around the possibility of the removal of trade sanctions against Russia fades. And crude oil, which weighs heavily on the Russian economy, has traded in a narrow range so far this year, offering no help to Russian stocks. […]

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RUSSIALINK RBTH/Vzglyad: “Food import substitution turns out to be extremely profitable”

File Photo of U.S. Dairy Cows

“Russia has saved $4 billion since it began substituting imported products in response to the imposition of food embargoes by the U.S. and EU, the Agriculture Ministry says. But is this enough to encourage the future growth of production?”

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Interfax: Lifting of some restrictions from FSB confirms Trump’s intention to normalize relations with Russia – former FSB Director Kovalyov

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

MOSCOW. Feb 9 (Interfax) – The U.S. Department of the Treasury’s decision to drop some restrictions imposed earlier on the issuance of licenses and permits to export computer technologies to Russia shows that the Donald Trump administration is consistent in its efforts to normalize cooperation with Russia, Nikolai Kovalyov, a State Duma deputy and former head of the Federal Security […]

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Moscow Doesn’t Expect Trump to End Sanctions All at Once but ‘Cleverly’ Over Time, Markov Says

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

(Paul Goble – Window on Eurasia – Staunton, February 3, 2017) “Russophobia is so deeply rooted in European-American ideology,” Sergey Markov says, that Moscow doesn’t expect new US President Donald Trump to end all sanctions all at once but rather “in a clever fashion” that avoids problems for him and over a significant period of time. The words of Markov, […]

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NEWSWATCH: “Trump-Putin ties now seen as key to peace in eastern Ukraine” – CNBC/Silvia Amaro

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

“Escalating violence in eastern Ukraine … has underlined the importance … Trump now plays in the region … promising to restore peace after a phone call with … Poroshenko. Trump has signaled his intent to have a closer relationship with Russia and … Putin. And with an open line of communication with Poroshenko, Trump could well prove … instrumental. * […]

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American Business Lobby In Moscow Sees Sympathetic Ally In President Trump; The American Chamber of Commerce in Moscow isn’t happy about sanctions. But don’t call it a policy position.

Kremlin and Saint Basil's File Photo

(Moscow Times – themoscowtimes.com – Matthew Bodner – February 2, 2017) In mid-December, with Donald Trump’s ascension to the presidency looming, former Republican congressman Jack Kingston flew to Moscow. Kingston, a senior Trump surrogate, was dispatched to liaise with American firms working in Russia. The topic on everyone’s minds was the U.S. sanctions imposed on Russia in response to its […]

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What Vladimir Putin Could Explain to Donald Trump

File Photo of White House with South Lawn and Fountain

(Jack Matlock, U.S. Ambassador to the Soviet Union from 1987 to 1991 – jackmatlock.com – January 31, 2017) The telephone conversation last Saturday between the American and Russian presidents seems to have been amicable and constructive, at least in a general sense. They are reported to have discussed key world issues as potential partners, not as adversaries or enemies. That […]

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NEWSLINK: “Russia Survived Sanctions, And BlackRock Goes Overweight” – Forbes.com/Kenneth Rapoza

Diverse Paper Currency, Coins, Line Graph

“… Russian oil and gas companies, along with its biggest banks, were sanctioned in the summer of 2014 following the March annexation of Crimea, a Black Sea peninsula in southeastern Ukraine. Tension between the West and Russia increased that year as a new, U.S. backed government led by Arsesniy Yatsenyuk took hold in Kiev, sending Moscow into panic mode. Russia […]

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Putin and Trump Want to Team Up, but That’s Not Going to Be Easy

Donald Trump

(Moscow Times – themoscowtimes.com – Matthew Bodner, Mikhail Fishman – January 27, 2017) No actor on the world stage was as publicly energized by the prospect of a Donald Trump presidency as Russia. At first glance, the support seemed entirely emotional. But there was also a rational interest: Trump was open to lifting sanctions, after all. Sanctions have had a […]

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Easing Russia Sanctions ‘Under Consideration’

File Photo of White House with South Lawn and Fountain

(Bloomberg – bloomberg.com – Jennifer Epstein, Stepan Kravchenko – January 27, 2017) President Donald Trump is willing to consider removing U.S. sanctions against Russia when he has his first official discussion with Kremlin leader Vladimir Putin on Saturday, according to senior advisor Kellyanne Conway. “All of that is under consideration,” Conway said in a TV interview Friday on Fox News, […]

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NEWSWATCH: “Trump’s pick for U.S. Treasury chief says 100% committed to Russia sanctions” -bne/Intellinews

“US #Treasury secretary nominee Steven #Mnuchin said he is 100% committed to enforcing the #sanctions against #Russia, as he gave evidence during the #Senate #Finance Committee confirmation hearings on January 19. * * * … Relations between the two countries plunged to their lowest ebb since the Cold War in 2014 after Russia annexed Crimea and encouraged a separatist conflict […]

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NEWSWATCH: “Russian officials: We’re not counting on Trump to lift sanctions. #Russia says plans for 2017 based on sanctions” – CNN Money

Igor Shuvalov file photo

“Russia is not banking on Donald Trump scrapping economic sanctions any time soon. First deputy prime minister Igor Shuvalov said the Russian government’s plans for 2017 are based on the expectations that sanctions are here to stay. ‘Perhaps the market is expecting an improvement in our relationship … [but] in our work, we operate on the basis of continued sanctions,’ […]

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RUSSIALINK: “Russia shouldn’t pin hopes for lifting of sanctions on foreign elections – Medvedev” – RT/Russia Today

File Photo of Dmitry Medvedev with United Russia Logos Behind Him

“‘It’s time to discard the illusions that any sanctions imposed on our country would be lifted. Obviously, they are there to stay for a long time. And don’t lay your hopes on someone else’s elections,’ [Medvedev] said Sunday, in a speech addressing a United Russia party meeting in Moscow. …”

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Remarks by the President in Final Press Conference. (excerpt re: Russia)

Putin and Obama with U.S. and Russian Flags

(The White House – Office of the Press Secretary – January 18, 2017) Q Mr. President, thank you. The President-elect has said that he would consider lifting sanctions on Russia if they substantially reduced their nuclear stockpile. Given your own efforts at arms control, do you think that’s an effective strategy? Knowing this office and Mr. Trump, how would you […]

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RUSSIALINK RBTH: “Will Russia cut its nuclear arsenal in exchange for lifting sanctions?”

Russian Mobile ICBM Parade File Photo

The U.S. may reconsider sanctions against Russia if the latter agrees to reduce its nuclear arsenals, said U.S. President-elect Donald Trump in an interview with the British newspaper, The Times. According to military experts, if the reduction is reciprocal then such an agreement will be to Russia’s advantage. Russia, however, will first want a change in NATO policy. (Russia Beyond […]

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Lift Russian Sanctions for ‘Positive Developments’ in Ukraine – OSCE Chair

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

(Moscow Times – themoscowtimes.com – January 9, 2017) Austrian Foreign Minister Sebastian Kurz has called on European leaders to begin lifting sanctions against Russia in exchange for “any positive development” in the Ukrainian crisis. Kurz, a politician for the Austrian People’s Party, claimed that the change in policy would “send a clear signal to Russia.” “My concept is clear. I […]

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Russian Ruble Ended 2016 As Second Best Emerging Market Performer

Diverse Paper Currency, Coins, Line Graph

(RFE/RL – rferl.org – January 4, 2017) The Russian ruble continued to make gains against the euro and U.S. dollar in the first two days of trading in 2017 after ending last year as the second-best performer among emerging market currencies. The ruble ended trading in Moscow at 60.51 to the dollar and 62.76 to the euro on January 3. […]

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Trump Has Tough Choice After Obama Sanctions on Russia Hack

Putin and Obama with U.S. and Russian Flags

(Bloomberg – bloomberg.com – Nick Wadhams, Justin Sink – December 30, 2016) President Barack Obama is forcing his successor, Donald Trump, into a difficult choice: reverse the sanctions the departing president just imposed on Russia for hacking e-mails in the U.S. election or put at risk his campaign vow to improve relations with Vladimir Putin. Hours after Obama imposed penalties […]

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Putin Caps a Turnaround Year as Rosneft Deal Beats Sanctions

File Photo of Rosneft and Russian Flags Next to Rosneft Banner

(Bloomberg – bloomberg.com – Jake Rudnitsky, Ilya Arkhipov – December 8, 2016) As the U.S. and #Europe try to isolate #Russia with #sanctions, Vladimir #Putin just managed to oversee one of the biggest investments in the global #energy industry this year. The surprise $11 billion sale of shares in oil giant #Rosneft PJSC to Qatar’s sovereign wealth fund and Glencore […]

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Sanctions, economic pressure are increasingly used for political pressure – Putin

Truck at Russian Border Crossing

MOSCOW. Dec 7 (Interfax) – Russia should take into account the increase in the use of methods of economic and sanction pressure when working on its long-term economic strategy, Russian President Vladimir Putin said. “Economic restrictions, pressure, and sanctions are being increasingly used for political purposes, under the guise of political purposes, often in competition. We should take these tendencies […]

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RUSSIALINK TASS: “Central Bank anticipates remaining anti-Russia sanctions”

Elvira Nabiullina file photo

“The recovery may be stretched over time at present because [economic growth] factors should be different, unlike those before the oil price collapse. We understand this pretty well and speak about changing the behavior model of the economy and its development model. Economic recovery signs surfaced by now and the Bank of Russia expects minor growth of GDP,” Nabiullina said.

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NEWSWATCH: “World Bank Improves Russia Economic Outlook, Sees 1.5 Percent GDP Growth in 2017” – Reuters

World Bank Building

… the World Bank said …. Russian gross domestic product will contract by 0.6 percent … oil prices are projected to recover to an average of $55 per barrel in 2017 [and] the Russian economy is expected to bottom out in the second half of this year. The World Bank sees it growing by 1.5 percent in 2017 and 1.7 […]

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NEWSLINK Forbes/Sara Hsu: “Is A Russia-China Economic Alliance On The Horizon?”

Asia Map

“As Russia continues to contend with sanctions from the United States and European Union after annexing Crimea in 2014, it has cast its eye on a new ally: China. The two countries are already aligning themselves for security purposes, a prime example being their position against the U.S. missile shield deployment plans in South Korea. Both China and Russia have […]

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NEWSWATCH: “Russia’s renewed might rests on weak economic foundations. Putin bravado does not extend to modernisation of the economy” – Financial Times/Neil Buckley

Diverse Paper Currency, Coins, Line Graph

… the gap between the image … Putin portrayed … and the reality was exposed by a sobering assessment of Russia’s economy by another senior official … further emphasised by a draft budget … envisaging a 27 per cent cut in defence spending …. the official … made it clear how Russia’s ambitions clash with its capabilities. … western sanctions […]

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NEWSWATCH: “Russian oil production reached post-Soviet high. Moody’s says profitability of Russian energy companies will be robust” – UPI

Oil Well file photo

A ratings agency assessing the profitability of Russian energy companies said oil production for September reached a post-Soviet high. … Sanctions and lower crude oil prices put pressure on the Russian economy. Moody’s said … most Russian energy companies were shielded by a look toward the domestic market and state-controlled banks. … Meeting with … Putin this week, … Medvedev […]

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U.S. Stuck With Nobody Left to Sanction in Russia Over Syria

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

(Bloomberg – bloomberg.com – Nick Wadhams – October 26, 2016) The U.S. put sanctions on Russia’s main arms exporter, Kremlin aides and the black leather-loving head of a motorcycle gang nicknamed “The Surgeon” after the 2014 invasion of Ukraine. Now, as Washington seeks ways to punish Moscow for its actions in Syria, it may be running out of options. President […]

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NEWSLINK Washington Post: “Please pass the Russian Parmesan: Cheesemakers celebrate sanctions, and hope they continue.”

File Photo of U.S. Dairy Cows

“… When Russian President Vladimir Putin banned most food imports from Europe in 2014 in response to Western sanctions, Russian dairy farmers rejoiced as deliveries of French and Italian cheeses ceased. Now, they believed, they could compete. Since then, they have tried to duplicate all sorts of famous varieties, from Camembert to Emmenthal. But one global delicacy remains largely beyond […]

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Russia’s Economy at Risk of Delayed Recovery After Crimea Flareup

Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Andre Tartar, Anna Andrianova – August 28, 2016) The recent flare up over Crimea may have just delayed Russia’s economic recovery. After President Vladimir Putin accused Ukraine of plotting terrorist attacks on the Black Sea peninsula this month, the chance that Western countries will scrap economic sanctions against Russia has declined, according to a Bloomberg survey […]

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NEWSWATCH: “No evidence so far to corroborate Russia allegations over Crimea: U.S.” – Reuters

Geoffrey R. Pyatt file photo

The United States has seen nothing so far that corroborates Russian allegations of a Ukrainian incursion into Crimea … U.S. ambassador to Ukraine, Geoffrey Pyatt, said …. [along with promises that] U.S. sanctions in relation to Russia’s annexation of Crimea would remain in place until the territory was returned to Ukraine. … Putin accused Kiev … of … terrorist tactics […]

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