“Demand for atomic energy is surging but Moscow dominates the world’s supplies of enriched uranium.” “… Utilities companies have spent two years stockpiling nuclear fuel in case Russian supplies are disrupted. … Washington is undertaking a multibillion-dollar push to rebuild its nuclear supply chain …. More than a fifth of the fuel used by the 93 nuclear reactors in the […]
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… [T]he Krasnoyarsk City Court of Arbitration ruled that almost all of the sum, the largest legal award in Russian history, must go to the federal treasury […]
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(Moscow Times – themoscowtimes.com – March 14, 2019) Russia’s Natural Resources and Environment Ministry estimates that the combined cost of the country’s oil, gas and other resources amounts to 60 percent of its gross domestic product, the RBC news website reported on Thursday. As one of the world’s top producers of natural gas and oil, Russia’s economy is heavily reliant […]
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“Every fifth Russian worker earns less than RUB15,000 ($250) per month, according to … a study by the RIA Rating agency [cited by] … RIA Novosti …. Over 33% of people living in 22 regions earn less than this amount, according to the survey. [The worst were] Dagestan … (46%) … [and the] Karachay-Cherkess Republic (44%). In six regions, two […]
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“… [a] new state-of-the-art $1.5 billion Bystrinsky plant … [l]ocated about 400 kilometers from the Chinese border by rail and tucked inside the Trans-Baikal region of Siberian … is now finally open for business. This mining and processing complex … contains up to 343 million tonnes of ore reserves … a joint venture between Russian and Chinese companies. …”
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“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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(Bloomberg – bloomberg.com – Anna Andrianova, Andrey Biryukov – July 12, 2016) Hatched in harsh economic times, Russia’s latest wave of privatization is off to a mixed start, and a sequel is by no means guaranteed. The sale of a 10.9 percent stake in Alrosa PJSC was the biggest divestment of a state asset since the government reduced its stake […]
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(Business New Europe – bne.eu – Mark Adomanis in Philadelphia – June 5, 2015) I’ve written before about Russia’s banking system and the annus horribilis of 2014. With the possible exception of Sberbank, Russia’s other large banks have been beset on all sides, massively writing down the value of loans they had previously extended to Russian corporations and also taking […]
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(Bloomberg – bloomberg.com – Ryan Chilcote, Yuliya Fedorinova – May 18, 2015) Russia’s richest man said international investors are coming back to the country and the impact of sanctions has peaked. “Now it’s getting clear that the situation is more politically stable or predictable,” Vladimir Potanin, who heads Russia’s biggest miner, OAO GMK Norilsk Nickel, said in an interview with […]
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(Interfax – MOSCOW, October 2, 2013) The current challenge for the Russian economy is the need to accelerate labor productivity gains, since the current slow pace means that the economic orientation on raw materials extraction will continue, President Vladimir Putin said in Moscow on Wednesday at the Russia Calling investment forum organized by VTB Capital. “For Russia, the main, crucial […]
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(opendemocracy.net – Marc Bennetts – May 2, 2013) Marc Bennetts is a British writer and journalist. He lives in Moscow and is author of “Football Dynamo”, a book on modern Russia and football published in 2008. The fertile territories around Voronezh have long been referred to as Russia’s ‘breadbasket’. They also hold the last major nickel reserves in Europe, and […]
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(RIA Novosti – MOSCOW, April 10, 2013) Russia plans to offer Chinese investors participation in joint natural resources projects and is ready to give Beijing access to Russian mineral deposits, First Deputy Prime Minister Igor Shuvalov said on Wednesday. In an interview with Chinese media ahead of a visit by a Russian delegation on April 15, Shuvalov said Russia […]
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(Business New Europe – bne.com – February 14, 2013) Russian President Vladimir Putin called for an end to the long Soviet-era habit of classifying geological data as a state secret. As part of the new look Russia-can-do Inc, that he hopes will bring in more investment, the president said the information on the size and location of the countrys natural […]
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MOSCOW. Jan 9 (Interfax) – The multi-part drama known as the corporate dispute at Russian mining giant Norilsk Nickel (RTS: GMKN) came to a conclusion at the end of 2012 with an unexpected twist. The distribution of forces that had emerged at Norilsk Nickel since the end of 2008 seemed fairly stable and safe. Vladimir Potanin’s Interros and Norilsk Nickel’s […]
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