RUSSIALINK: “G8 reinstatement based on ‘7 against 1’ principle could be trap – MP Kosachyov” – Interfax

File Photo of G7 Leaders and other Officials Around Round Table at the Hague, with Flags

MOSCOW. Aug 21 (Interfax) – Russia could return to the G8 format if the latter becomes a G10 and involves China and India, Federation Council Foreign Affairs Committee Chairman Konstantin Kosachyov said. “In my opinion, Russia’s reunion with the G7 would make sense only if we manage to avoid the ‘seven against one’ trap. We should look at the bigger […]

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JRL NEWSWATCH: “Putin’s Iconoclastic Economics Guru to Lose Kremlin Post [re: Sergei Glazyev]” – Bloomberg/ Evgenia Pismennaya and Stepan Kravchenko

Kremlin and River

“A[ Kremlin] economist [and top Putin advisor] known for challenging Russia’s tight-money policies … is leaving the Kremlin after seven years. Sergei Glazyev will switch to the Eurasian Economic Commission that oversees relations between … Eurasian Economic Union [member states] … Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan … Glazyev alarmed investors … with calls for massive state spending, abandoning the […]

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JRL NEWSWATCH: “Relentless rise of consumer debt in Russia fuels bubble fears for some” – Reuters/ Darya Korsunskaya, Elena Fabrichnaya, Tatiana Voronova

Hands Opening Envelope Containing Cash

“… After five years of shrinking real incomes, many Russians are borrowing to make ends meet or even just to pay off their creditors – and the issue is climbing up the political agenda. … Some 2.5 million people earning up to 20,000 roubles ($303.09) a month … less than half the average wage, spend more than half of that […]

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Impact of Sanctions on Russia’s GDP Less Severe Than Low Oil Prices – IMF

Oil Well file photo

The fall in oil prices cost the country on average $48.75 billion in lost economic growth per year. (Moscow Times – themoscowtimes.com – August 6, 2019) Sanctions have had a less severe impact on Russia’s GDP growth than low oil prices, the International Monetary Fund (IMF) said in its latest report on the country. Between 2014 and 2018, sanctions slowed […]

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RUSSIALINK: “14% of Russians Are Considered Middle Class – Official Data” – Moscow Times

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – Aug. 12, 2019) Less than 15 percent of Russians are considered to be part of the middle class, according to an analysis of official data by the state-run RIA Novosti news agency. Russians’ real incomes and ability to save money have suffered from low oil prices and Western sanctions in the past five years. Independent […]

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JRL NEWSWATCH: “Russians feel the pain of Vladimir Putin’s regime; The police’s violent response to protesters’ demands in Moscow has intensified anger over a flatlining economy” – Financial Times/ Henry Foy, Max Seddon

Diverse Paper Currency, Coins, Line Graph

“… Not since 2012, when thousands of Muscovites took to the streets to protest against … Putin’s return to the presidency, has Russia’s capital seen such a brutal crackdown on demonstrations …. Police trucks packed with young Russians and rows of baton-wielding troops have shown the brute force available to …Putin and his willingness to use it. But the continued […]

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For Russian Economy, August Not April is the Cruelest Month

Diverse Paper Currency, Coins, Line Graph

(Paul Goble – Window on Eurasia – Staunton, August 3, 2019) August has begun with yet another decline in the value of the ruble, continuing the trend this summer month set in 1998 with default and continued last year with a decline of eight percent in the ruble’s exchange rate against Western currencies. And the rest of this month this […]

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RUSSIALINK: “1 in 4 Russians Are Seeing Their Wallets Shrink – Poll” – Moscow Times

Hands Opening Envelope Containing Cash

(Moscow Times – themoscowtimes.com – July 31, 2019) Almost a quarter of Russians say they have felt their finances dwindle in recent months, according to a survey by the state-run Foundation of Public Opinion (FOM) pollster. Real incomes have declined in the past five years in Russia against the backdrop of Western sanctions and falling oil prices. As he took […]

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Russians Living on Loans Face Credit Crunch This Fall, Financial Analyst Says

Cash, Calculator, Pen

(Paul Goble – Window on Eurasia – Staunton, July 28, 2019) The economic situation of the large number of Russians who have sought to maintain their earlier standard of living by taking out loans is about to get much worse, financial analyst Igor Nikolayev says, because in the coming months, the government plans to make it more difficult for them […]

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Russians Finally Finding Out Just How Poorly Paid They Are, Shelin Says

Cash, Calculator, Pen

(Paul Goble – Window on Eurasia – Staunton, July 24, 2019) Russians have long been accustomed to hearing that the average wage in Russia is 47,700 rubles (800 US dollars) a month, Sergey Shelin says; but now they are learning that the median wage – the one where half receive more and half less – is only 34,300 rubles (560 […]

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RUSSIALINK: “21M Russians Live in Poverty, Official Data Says” – Moscow Times

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – July 29, 2019) The number of Russians living below the poverty line has grown by half a million since early 2018, according to official data. Western sanctions and falling oil prices over the past five years have led to a decline in real incomes and a rise in consumer prices. President Vladimir Putin is pursuing […]

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JRL NEWSWATCH: “Russia and China; Partnership is much better for China than it is for Russia; Just how much better might not become clear for a few years yet” – The Economist

Asia Map

“[Compared to Russia,] … China[‘s] economy is six times larger (at purchasing-power parity) … its power is growing … as Russia’s fades. … Russia is evolving into a Chinese tributary. … Russia is still a nuclear-weapons state with a permanent seat on the [UNSC]…. It has modernised its armed forces and, as in Syria, is not afraid to use them. […]

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JRL NEWSWATCH: “Russia Cuts Interest Rate Again Amid Global Push for Looser Policy” – Wall Street Journal/ Georgi Kantchev

Diverse Paper Currency, Coins, Line Graph

“Russia’s central bank lowers its main rate to 7.25%” “… With signs mounting that the world economy is slowing, the [Federal Reserve] is widely expected to lower interest rates for the first time in over a decade …. The European Central Bank signaled … it is preparing to cut short-term interest rates for the first time since early 2016 …. […]

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JRL NEWSWATCH: “The evictors For the past five years, loan sharks have forced more than 500 Muscovites from their homes. Here’s how the industry works.” – Meduza

Hand Pulling Cash from Envelope

“In Moscow and [environs] … ‘black creditors’ – microfinance institutions (MFOs) … deceive [debtors] and seize … homes. Meduza … [found ] almost 500 apartments lost … over the past five years without so much as a court order. … more than simply ‘squeezing’ people from their homes … possibly part of a wider, international money-laundering system. * * * […]

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JRL NEWSWATCH: “Putin Allies’ Oil Feud Spills Into Public View” – Reuters

Oil Well file photo

“The blame game over a [Russian oil industry] contamination scandal … has breached … Putin’s inner circle. Igor Sechin, head of Rosneft, the world’s biggest publicly-traded oil company, and Nikolai Tokarev, the boss of Transneft, the world’s largest pipeline network, are embroiled in an unusually public and rancorous dispute over their companies’ responses to the contamination of Russia’s Druzhba (“Friendship”) […]

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JRL NEWSWATCH: “Russian Stocks Seen Rising 25% by Mid-2020” – Reuters

File Photo of Outdoor Electronic Sign with Russian Exchange Data

“… [impacted by] the price of oil, Russia’s key export, and fading fears of more Western sanctions …. Russian stock indexes achieved their biggest gains year-to-date in mid-July. The dollar-based RTS had risen nearly 33% back then and its rouble-based peer MOEX was up 21%. Russia’s largest gas producer Gazprom gained nearly 68% year-to-date earlier in July, while the country’s […]

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Are Xi Jinping and Vladimir Putin Partners? Interpreting the Russia-China Rapprochement

Map of China and Environs, adapted from image at cdc.gov

(PONARS Eurasia – Hilary Appel – July 19, 2019 – Hilary Appel is the Podlich Family Professor of Government and George R. Roberts Fellow at Claremont McKenna College) (PONARS Eurasia Policy Memo) The blossoming of relations between the Russian and Chinese presidents has been prominently on display. Images have been widely distributed of Xi Jinping awarding Vladimir Putin the newly […]

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JRL NEWSWATCH: “Storied Russian Miniatures Dwindling in Face of Icon Revival” – New York Times/ Neil MacFarquhar

“Once upon a time, the small, picturesque Russian village of Palekh gained fame far and wide for producing religious icons. Then one day, a revolution came and its adherents … banned such art. Hundreds of artists eventually learned to adorn lacquer boxes instead, painting scenes from Russian fairy tales or romanticized versions of country life. … With the collapse of […]

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JRL NEWSWATCH: “IMF Cuts Forecast for Russian 2019 GDP Growth to 1.2%, Calls for Reforms” – Reuters

File Photo of IMF Acronym on Wall Below Row of Circular Lights, adapted from image at state.gov by Steven C. Welsh :: www.stevencwelsh.com :: www.stevencwelsh.info

“The International Monetary Fund cut its forecast for Russian economic growth in 2019 to 1.2% from 1.4% after a weak first quarter, saying broader reforms would be needed for stronger growth. Without deeper structural reforms, long-term growth is projected to settle around 1.8%, the IMF said …. Priority should be given to creating a more vibrant private sector and reducing […]

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JRL NEWSWATCH: “India, Russia Seek to Skirt U.S. Sanctions Threat to Arms Deals” – Bloomberg/ Nc Bipindra, Evgenia Pismennaya

India map

“India and Russia have agreed on a new payment method through their national currencies for multi-billion-dollar defense deals … [seeking] to avoid risks created by the U.S. threat of sanctions and banking restrictions. … [and to] enable India to pay the first installment … for two warships … Russia is building for its navy …. Defense contracts will be settled […]

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JRL NEWSWATCH: “Review: The Struggle of Russia’s crony capitalists” [re: Anders Aslund new book]” – Reuters/ Dasha Afanasieva

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

“… Anders Aslund … in ‘Russia’s Crony Capitalism: The Path from Market Economy to Kleptocracy‘ … [casts Putin] as a patriarchal overlord … handsomely reward[ing] those loyal …. creat[ing] a new elite of friends, former co-workers and relatives. What’s less clear is what, if anything [can be done about it]. … [A]naly[zing] the last 15 or so years of Putin’s […]

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Russia’s FDI Outlook Grim, with No Chinese Rescue in Sight

Diverse Paper Currency, Coins, Line Graph

(Russia Matters – russiamatters.org – Nicholas Trickett – July 11, 2019) Nicholas Trickett is editor in chief of BMB Russia and an associate scholar with the Foreign Policy Research Institute. He specializes in the domestic and international political economy of the Russian energy and infrastructure sectors and Russian foreign policy, and is currently finishing an MSc in international political economy […]

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RUSSIALINK: “Visa and Mastercard May Soon Exit Russia Under Draft Law – Reports” – Moscow Times

File Photo of Stack of Credit Cards, adapted from image at fdic.gov

(Moscow Times – themoscowtimes.com – July 12, 2019) New Russian payment system laws could lead the world’s largest credit and debit card companies Visa and Mastercard to exit the country’s market, the Kommersant business daily reported on Friday. U.S.-based Visa and Mastercard stopped servicing bank cards in annexed Crimea after the United States imposed sanctions on Russia in 2014. Russia […]

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RUSSIALINK: “Russians Work More Nights, Weekends Than Other Europeans – Research” – Moscow Times

Men Sitting Around Long Oval Boardroom Table, File Photo of FIFA Officials Meeting with Vladmir Putin

(Moscow Times – themoscowtimes.com – July 10, 2019) Russia is among the leading countries in Europe where employees regularly work night or weekend shifts, recent research published by the Moscow-based Higher School of Economics (HSE) has said. Nearly half of Russians polled last month said they don’t support the idea of a four-day work week over fears that it would […]

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RUSSIALINK TRANSCRIPT: “[Putin at] Meeting with Russian journalists” – KremlinRu

Yekaterinburg file photo

(Kremlin.ru – July 9, 2019) Following the II Global Manufacturing and Industrialisation Summit, Vladimir Putin met with Russian journalists and answered their questions. President of Russia Vladimir Putin: Good afternoon. Question: First question is about Georgia. May I? Vladimir Putin: We are at such a good international event on technology. Does it [Georgia] demonstrate any achievements in terms of applying […]

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RUSSIALINK: “Russia Approves ‘Shortest’ Europe-China Highway – Reports” – Moscow Times

Asia Map

(Moscow Times – themoscowtimes.com – July 8, 2019) [Text with map themoscowtimes.com/2019/07/08/russia-approves-shortest-europe-china-highway-reports-a66318] The Russian government has approved construction plans for a toll highway that will dramatically cut cargo shipping times between Europe and China, the Vedomosti business daily reported. Russia is pursuing an ambitious infrastructure plan in President Vladimir Putin’s current presidential term, including developing its portion of the strategic […]

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RUSSIALINK: “Russia to Slash Soviet-Era List of Off-Limits Jobs for Women, Media Reports” – Moscow Times

Russian Naval Vessel file photo

(Moscow Times – themoscowtimes.com – July 4, 2019) Women in Russia will be allowed to work as truck drivers and serve in the navy under new rules taking effect in 2021, the RBC news website reported Thursday. The Russian government bans women from holding 456 jobs in 38 industries that entail physically strenuous tasks or harmful working conditions. The restrictions […]

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Putin: Oil Price Volatility Is Hurting Russia’s Economy

Oil Wells File Photo

(Oilprice.com – Irina Slav – July 4, 2019) Economic realities including the fluctuating international oil prices are among factors interfering with the Russian government’s economic program, President Vladimir Putin said in an interview with Italian Corriere della Serra ahead of a state visit to Rome. Asked about why, despite his overwhelming victory in the latest elections and the virtual non-existence […]

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Putin Undermines OPEC’s Power

Oil Well file photo

(Oilprice.com – Nick Cunningham – July 1, 2019) After so much hype and anticipation, it seems that the OPEC meeting in Vienna was all but over before it had even begun. Russia and Saudi Arabia have agreed to extend the OPEC+ production cuts by six to nine months. The production levels remains unchanged, but the timing could be extended through […]

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Economic Decline Won’t Spark a Revolution and Kremlin Sees No Need for Change, Inozemtsev Says

Diverse Paper Currency, Coins, Line Graph

(Paul Goble – Window on Eurasia – Staunton, June 27, 2019) Many suggest that the continuing economic decline of Russia will prompt people to go into the streets and demand change, Vladislav Inozemtsev says; but “nowhere on post-Soviet space have we see mass protests arise as a result of economic issues.” The Russian people will come to terms with their […]

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JRL NEWSWATCH: “Forget Putin’s ‘liberalism’ jibe. This man runs a war machine; For too long, the west has turned a blind eye to Russian atrocities in a string of wars.” – The Guardian/ Natalie Nougayrède

File Photo of Country Flags Outside 2017 G20 Meeting in Hamburg, adapted from image at state.gov

“… Putin is on a high. Kicked out of the G8 in 2014 after the start of his military operations in Ukraine, he’s been making full use of the G20 summit in Osaka to bask in meetings with world grandees and soak up all the international media attention he possibly can, complete with a not very challenging interview with the […]

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RUSSIALINK TRANSCRIPT: “Vladimir Putin’s news conference; Following the G20 summit, the President of Russia answered journalists’ questions.” – KremlinRu

File Photo of Country Flags Outside 2017 G20 Meeting in Hamburg, adapted from image at state.gov

(Kremlin.ru – June 29, 2019 – en.kremlin.ru/events/president/news/60857) President of Russia Vladimir Putin: Good afternoon. Let us begin. Go ahead, please. Question: Good afternoon, Mr President. We would like to ask, since I am the first to ask a question, about your personal results of the summit. There was a lot of scepticism prior to it, coming both from other leaders […]

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What Is the State’s Share in Russia’s Economy?

Men Sitting Around Long Oval Boardroom Table, File Photo of FIFA Officials Meeting with Vladmir Putin

(Russia Matters – russiamatters.org – Nini Arshakuni, Natasha Yefimova-Trilling – June 26, 2019) Nini Arshakuni is a former graduate student associate at Russia Matters and at Harvard’s Davis Center for Russian and Eurasian Studies. Natasha Yefimova-Trilling is editor of Russia Matters. Earlier this year, sanctioned tycoon Oleg Deripaska told the Financial Times that the Russian state holds 70 percent of the country’s economy […]

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RUSSIALINK: “Moscow, St. Petersburg Become Cheaper for Expats, Ranking Says” – Moscow Times

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – June 26, 2019) Moscow and St. Petersburg are becoming more affordable for expats, according to new rankings from a global consulting firm. Moscow placed 27th and St. Petersburg 75th out of 209 cities worldwide for the most expensive locations to work abroad in Mercer’s 2019 ranking, dropping by 10 and 26 spots from last year […]

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RUSSIALINK: “Russia’s Middle Class Is Shrinking – Bank Report” – Moscow Times

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – June 25, 2019) Russia’s middle class has fallen by nearly one-fifth since the start of the country’s economic crisis in 2014, an analysis by the Moscow-based Alfa Bank has said. Low oil prices and Western sanctions have reduced Russians’ real incomes for five years in a row. Economists forecast that the population’s purchasing power will […]

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JRL NEWSWATCH: “Putin’s 2019 ‘Direct Line,’ in a nutshell; Russia’s president spoke on national TV for four hours, but you can read this summary in five minutes” – Meduza/ Summary by Mikhail Zelensky, Translation by Kevin Rothrock

File Photo of Putin Sitting at Desk, Looking Down, Writing, During Call-In Show, adapted from screenshot of video at kremlin.ru

“National projects: The country needs to revitalize the economy, but first we need to figure out where to find the money for this development work. That’s why we raised the VAT [value added tax), and as expected it increased inflation, but only temporarily. The cabinet ministers are personally responsible for seeing their work through. Income and wages …. Healthcare …. […]

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Putin’s Annual Marathon Phone-In Will Focus His Attention Homeward; Protests, pensions and poverty will overshadow geopolitics during Putin’s annual live call-in show Thursday.

File Photo of Putin Sitting at Desk, Looking Down, Writing, During Call-In Show, adapted from screenshot of video at kremlin.ru

(Moscow Times – themoscowtimes.com – Pjotr Sauer – June 19, 2019) Civil unrest and falling living standards are likely to dominate Vladimir Putin’s annual televised national phone-in on Thursday, depriving the Russian president of the opportunity to concentrate on foreign policy and forcing him to confront domestic problems. In the past few months, Russia has seen mass protests over the […]

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RUSSIALINK: “Michael Calvey Case Revisited: A Corporate Hit, a Bargaining Chip” – Kennan Institute/ Pavel Koshkin

Cash, Calculator, Pen

(Kennan Institute – wilsoncenter.org/program/kennan-institute – Pavel Koshkin – wilsoncenter.org/blog-post/michael-calvey-case-revisited-corporate-hit-bargaining-chip) Pavel Koshkin is a research fellow of the Institute of U.S. and Canadian Studies of the Russian Academy of Sciences (ISKRAN) and a contributor to Forbes Russia The American investor Michael Calvey, who was detained in February in Moscow on fraud charges, is back in the news again. Calvey, who has […]

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JRL NEWSWATCH: “Putin touts Russia as a great power. But he’s made it a weak one.” – Washington Post/ Timothy Frye

File Photo of Vladimir Putin at Podium with United Russia Logo, Gesturing

“… Moscow is playing an assertive role [globally] … despite … weakness. … If anyone has made Russia’s hand weak, it’s [Putin, in power for two decades with a] … failure to create a more dynamic economy …. Thanks to high energy prices and fiscal caution … [there are] large reserve funds, but the economy has stagnated …. in 2012, […]

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RUSSIALINK: “Russia’s Top Auditor Kudrin Blasts Corruption in Legal System” – Moscow Times

Alexei Kudrin file photo

(Moscow Times – themoscowtimes.com – June 6, 2019) Russian economic growth is hampered by deep-seated corruption in the country’s legal system, the head of Russia’s auditing agency said Thursday. Audit Chamber head Alexei Kudrin told a St. Petersburg International Economic Forum panel that corruption in the Russian judiciary system goes back centuries, pointing to one of the classic Russian poet […]

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JRL NEWSWATCH: “Putin’s Own Government Warns His Campaign Promises Can’t Be Met” – Bloomberg/ Evgenia Pismennaya, Anna Andrianova, Ilya Arkhipov

Cash, Calculator, Pen

“… Putin’s own government doesn’t believe his ambitious campaign pledges to improve living standards are attainable. Officials have analyzed the $400 billion [National Projects] spending program … and found that the majority of targets will be impossible to achieve before … Putin’s term [ends] in 2024 …. Putin and … Medvedev have been briefed about the findings …. confirm[ing] conclusions […]

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Russia’s National Projects: Economic Reboot or Mucky Bog?

Diverse Paper Currency, Coins, Line Graph

(Russia Matters – russiamatters.org – Ben Aris – May 30, 2019) Ben Aris is editor in chief of bne Intellinews. He has been covering Russia as a journalist since 1993. While Moscow has been aggressively advancing its interests on the international stage, Russia’s stagnating economy means the country risks gradually falling behind the rest of the world and possibly facing […]

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JRL NEWSWATCH VIDEO: “The U.S. Department of Energy’s Rebranded ‘Freedom Gas’ Is a Not-So-Subtle Dig at Russia” – Fortune

Gas Flame file photo

[scroll down for video] “… the Department of Energy … [has] touted the expansion of [a] liquid natural gas … facility … by saying that it would spread ‘freedom gas’ to the world. … giv[ing] ‘America’s allies a diverse and affordable source of clean energy’ …. Not only has the U.S. become largely energy independent … the shale boom has […]

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Nearly Half Of Russian Families Can Afford Only Food, Clothing

Cash, Calculator, Pen

(Article text ©2019 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – May 29, 2019 – article text also appeared at rferl.org/a/nearly-half-of-russian-families-can-afford-only-food-clothing/29970069.html) Nearly half of all Russian families say that they only have enough money for food and clothing and cannot buy items of longer-term use such as furniture and appliances, media reports cite data from the state statistics agency […]

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RUSSIALINK: “Economists Forecast 6th Year of Falling Incomes for Russians” – Moscow Times

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – May 29, 2019) Russians’ incomes will fall for a sixth consecutive year in 2019, experts from Moscow’s Higher School of Economics (HSE) and Russia’s Presidential Academy of National Economy and Public Administration (RANEPA) said. Russia’s Economic Development Ministry has projected real incomes to reverse the five-year slump and grow by 1 percent in 2019, based on […]

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JRL NEWSWATCH: “Ukraine oligarch urges Volodymyr Zelensky to default on debt; Concern grows over Igor Kolomoisky’s influence on the novice president” – Financial Times/ Max Seddon

International Monetary Fund Logo Over Ukraine Flag

“… Zelensky should … reject[] the [IMF] austerity programme and default[] on … external debt, according to his contentious oligarch supporter[] Igor Kolomoisky … [a suggestion that] will ring alarm bells with … western backers even though … Zelensky … said he would stick to the terms of Ukraine’s $3.9bn bailout. Concern among Ukrainians and western officials about … Kolomoisky’s […]

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RUSSIALINK: “Major Russian Cities Need 100 Years to Reach Moscow’s Development Level, Study Says” – Moscow Times

Aerial View of Kremlin and Environs

(Moscow Times – themoscowtimes.com – May 27, 2019) Russian cities with populations of 1 million or greater will need at least 100 years to catch up to Moscow’s level of economic development, according to research by the Strelka Consulting Bureau. The 16 cities contributed almost one-third of Russia’s GDP in 2017, more than half of which came from Moscow, the […]

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JRL NEWSWATCH: “The Russian economy is stagnating” – bne Intellinews/ Ben Aris

Diverse Paper Currency, Coins, Line Graph

“The Russian economy is stagnating … Putin’s plan to revitalise it with … 12 national projects is off to a very slow start. Preliminary Rosstat figures show Russian GDP growth in the first three months … [at] just 0.5% y/y … well below even … cautious forecasts. … [B]oost[s] … from … RUB25.7 trillion ($390bn) investments planned for … 12 […]

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JRL NEWSWATCH: “Russian Economy Gives Putin Reasons Not to Extend OPEC+ Deal” – Bloomberg/ Olga Tanas

Oil Well file photo

“The OPEC+ pact is hurting the Russian economy, potentially giving … Putin a reason not to agree on an extension …. While higher crude prices can bring … additional revenue, production cuts are weighing on one of the country’s biggest industries. … [Putin] may have to weigh his desire for faster economic growth against the benefits of his alliance with […]

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JRL NEWSWATCH: “Why are Russian stocks so cheap?” – Intellinews/ Ben Aris

File Photo of Outdoor Electronic Sign with Russian Exchange Data

“Investors into Russian stocks have almost given up on seeing any of the cash the country’s leading companies generate. The valuation of what should be some of the world’s richest companies are in the basement, as would-be minority investors don’t believe the management will share the billions of dollars in revenue these companies make every year. Russia’s stock market boomed […]

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