(Kremlin.ru – March 30, 2016) Vladimir Putin held a meeting with Government members. The subjects on the agenda included priority draft laws to improve the business climate. The meeting participants also examined the transition to new procedures for payment of property tax based on cadastral value. President of Russia Vladimir Putin: Colleagues, Today, we will hear from the Economic Development […]
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Carter Page brings a “real-world” resume-and says his close relations with Russian business are a strength. (Bloomberg – bloomberg.com – Zachary Mider – March 30, 2016) A globe-trotting American investment banker who’s built a career on deals with Russia and its state-run gas company, Carter Page says his business has suffered directly from the U.S. economic sanctions imposed after Russia’s […]
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(Bloomberg – bloomberg.com – Ilya Khrennikov – March 30, 2016) Budweiser is enjoying an unlikely source of growth in Russia’s declining beer market, even as the all-American brand continues to struggle at home. In a country where brewing output has fallen more than 30 percent since 2008, the self-proclaimed King of Beers is growing sales at a double-digit pace, according […]
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(Interfax – March 28, 2016) The Russian privatization and sanctions against Russia were discussed during the meeting between Russian Economic Development Minister Alexei Ulyukayev and UEc.S. Ambassador to Russia John Tefft in Moscow on March 28, along with other aspects of the Russia-U.S. trade and economic cooperation. “We have discussed a broad spectrum of the Russian-American economic ties, including both […]
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MOSCOW. March 29 (Interfax) – The growth of oil and gas reserves in 2016 will exceed their production, head of the Federal Subsurface Resources Agency (Rosnedra), Yevgeny Kiselev, told journalists. “I think that we will keep the parameters that were set down in the state program. Simple reproduction, an increase in production levels will be provided. As a rule, we […]
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(Interfax – March 25, 2016) Russia’s Investigations Committee is close to proving that the shareholders of dissolved oil company Yukos acquired their shares unlawfully, spokesman Vladimir Markin has said. This would give Russia grounds to not pay the Yukos shareholders a 50bn dollars in damages pursuant to a 2014 Hague ruling. “This is a case that can be characterised by […]
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(Kremlin.ru – March 24, 2016) Vladimir Putin took part in a plenary session of the Russian Union of Industrialists and Entrepreneurs (RSPP) congress. The RSPP congress took place within the framework of the Russian Business Week. The discussions focussed on economic issues and improving the business climate. After the RSPP congress, the President also met with board members of the […]
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(RFE/RL – rferl.org – March 22, 2016) Ukraine’s battered economy shrank by 9.9 percent in 2015 due to implosions in the financial sector and consumer demand, the state statistics service reported on March 21. The stunning fall last year followed a drop of nearly 7 percent in 2014, the year Russia annexed Crimea and Ukraine’s war with Russia-backed separatists broke […]
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Sanctions are hampering Russia’s modernization and economic growth, but the country is determined to develop new technologies. Science parks are a crucial part of the national innovation strategy. How many have been built in the country recently, and what exactly are they doing? RBTH has the answers. (Russia Beyond the Headlines – rbth.ru – VICTORIA ZAVYALOVA, RBTH – March 21, […]
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(Kremlin.ru – March 16, 2016) Vladimir Putin held a meeting with Government members to discuss measures to develop the Far East, including improvements to the electric power pricing policy, as well as other current issues on the socioeconomic agenda. In particular, the President heard reports from Russian Railways President Oleg Belozerov and Transport Minister Maxim Sokolov about work to improve […]
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(opendemocracy.net – Ilya Matveev – March 16, 2016) Ilya Matveev is a researcher and lecturer based in St Petersburg, Russia. He is a founding editor of the online publication Openleft.ru and a member of the research group Public Sociology Laboratory. In December 2014, Vladimir Putin gave his usual annual speech to Russia’s Federal Assembly. This speech turned out to be […]
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MOSCOW. March 16 (Interfax) – Russia increased investment in US Treasuries for the third successive month in January, this time by approximately $4.8 billion, according to data from the U.S. Department of the Treasury and the Federal Reserve. Russian investment in UST grew $6.1 billion last year as a whole. Russia, which held $96.9 billion in UST at the end […]
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(Bloomberg – bloomberg.com – Olga Tanas – March 13, 2016) Russian central bankers have fewer reasons to offer relief to their recession-wracked economy than you might think. Their decision whether to resume an interest rate-cutting cycle this week is almost beside the point as the government of Vladimir Putin lubricates the economy in the background with oil wealth amassed in […]
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(Interfax – March 14, 2016) Seventy percent of Russians have called unlikely mass protests against falling living standards and in defense of their rights, yet the percentage has reduced by seven points since October 2015 (77 percent), the Levada Center told Interfax. The share of Russians who deem economic protests to be possible has grown by a third, from 18 […]
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… Once prosperous enough to afford expensive Moscow apartments, they are now staggering under an economic burden fueled by geopolitical conflict and the plummeting price of oil. * * * Russia’s foreign-policy adventures … in Ukraine … in Syria — have tied up state resources …. The drop in energy prices has drained government coffers and sent the ruble skidding […]
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In his latest comment on key developments impacting the Russian economy, Sergey Aleksashenko, nonresident senior fellow at the Brookings Institution and former deputy chairman of the Russian Central Bank, reviews the government’s controversial efforts to battle the economic crisis. (Institute of Modern Russia – imrussia.org – March 3, 2016) Unnecessary Government? Today, it seems the Russian government itself no longer […]
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The Russian Orthodox Church is not only a religious organization, but also a large corporation that does business. (Russia Beyond the Headlines – rbth.ru – ANNA KUCHMA, RBTH – March 9, 2016) In 2014, the Russian Orthodox Church received $75.7 million of revenues from ceremonies, sales of religious literature and donations, according to the Federal Tax Service. All of this […]
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(Bloomberg – bloomberg.com – Stephen Bierman -March 8, 2016) [Charts here bloomberg.com/news/articles/2016-03-09/russia-s-dilemma-squeeze-oil-industry-without-strangling-growth-ilk2y8i4] While the world focuses on Russia’s oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s energy industry. The petrodollars that underpin Russia’s national budget are evaporating. When crude prices were high, increasing revenue […]
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(Bloomberg – bloomberg.com – Leonid Bershidsky – March 4, 2016) Many Russians feel the U.S. and their country are much alike. Both are vast, they share a sense of adventure, along with underlying lawlessness and violence, and in both, the infrastructure often is an afterthought. So what is keeping Russia from turning into another America — a democratic nation and […]
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A lobbying campaign against the extension of the Nord Stream 2 gas pipeline, spearheaded by Gazprom together with five European energy majors, has now engulfed the European Parliament. What are the arguments of the opponents and are they business-focused or politically motivated? (Russia Beyond the Headlines – rbth.ru – VLADIMIR MIKHEEV, SPECIAL TO RBTH – March 4, 2016) Twelve members […]
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(Oilprice.com – Rakesh Upadhyay – March 6, 2016) Russia has played a master stroke in the current oil crisis by taking the lead in forming a new cartel, but it’s a move that could spell geopolitical disaster. The meeting between Russia, Qatar, Saudi Arabia and Venezuela on 16 February 2016 was the first step. During the next meeting in mid-March, […]
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Subject: The Russia-Ukraine Bond Dispute: Another Frozen Conflict? Date: Sun, 6 Mar 2016 From: Peter Clateman <pclateman@yahoo.com> Transnational Dispute Management transnational-dispute-management.com This article will be published in a future issue of TDM (2016). Check website for final publication date for correct reference. This article may not be the final version and should be consideredas a draft article. About TDM TDM […]
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Subject: The Russia-Ukraine Bond Dispute: Another Frozen Conflict? Date: Sun, 6 Mar 2016 From: Peter Clateman <pclateman@yahoo.com> Transnational Dispute Management transnational-dispute-management.com This article will be published in a future issue of TDM (2016). Check website for final publication date for correct reference. This article may not be the final version and should be consideredas a draft article. About TDM TDM […]
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Mainstream media in the west and Russia is fixated on the Russian president. Here’s why we’re not. (opendemocracy.net – MAXIM EDWARDS, THOMAS ROWLEY, NATALIA ANTONOVA, MIKHAIL KALUZHSKY – March 4, 2016) Maxim Edwards is Commissioning Editor at oDR. Tom Rowley is lead editor at oDR. Natalia Antonova is Associate Editor at oDR. Mikhail Kaluzhsky is Lead Russian-Language Editor at oDR. […]
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The country’s top oil bosses have agreed to keep production at January levels in a deal with the government, which is hoping the move will see oil prices increase. However, analysts say that the move may not necessarily lead to a recovery. (Russia Beyond the Headlines – rbth.ru – ALEXEI LOSSAN, RBTH – March 3, 2016) The heads of Russia’s […]
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The U.S. has extended its economic sanctions regime against Russia. While the mass media kept quiet on the news, one or two outlets speculated about the possible reasons behind the decision as well as about the likely outcome of a coming EU vote on whether to follow suit. (Russia Beyond the Headlines – rbth.ru – NIKOLAI SHEVCHENKO, SPECIAL TO RBTH […]
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The world’s major oil exporting economies have been putting together an agreement to freeze oil production levels, and Russia’s energy minister is optimistic that it will be effective in finally stopping the slide in oil prices …. * * * The news seemed to buoy the oil market…. But there’s plenty of reason to doubt that the action will bring […]
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(Bloomberg – bloomberg.com – Anna Baraulina, Anna Andrianova – February 29, 2016) Fitch Ratings Ltd. said it will probably stop issuing local ratings on Russian companies under new rules that make it impossible to abide by European Union and U.S. sanctions against Moscow. The rules create a dilemma for international firms because they run counter to the penalties imposed by […]
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(Kremlin.ru – February 29, 2016) The head of Gazprom briefed Vladimir Putin on the company’s results in 2015, and discussed, in particular, gas supply figures for the domestic and European markets and the programme for connecting Russia’s regions to the gas network. President of Russia Vladimir Putin: Mr Miller, I have several questions to start our discussion, and then we […]
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(Bloomberg – bloomberg.com – Evgenia Pismennaya, Anna Andrianova – February 29, 2016) With Russia mired in the longest recession in two decades, there hasn’t been a lot of good economic news lately. But there’s one indicator that’s looking up, and it’s the one that matters most to Vladimir Putin: His hard-currency reserves. The central bank held $379 billion in foreign […]
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(Moscow Times – themoscowtimes.com – February 29, 2016) Russia’s middle class has not yet felt the impact of the economic crisis, the Kommersant newspaper reported Monday citing a report by the Institute of Sociology of the Russian Academy of Sciences. Most middle class Russians have retained their jobs and income levels, and many have even reduced their debt burden under […]
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MOSCOW. Feb 26 (Interfax) – Russian First Deputy Prime Minister Igor Shuvalov said there is no big influx of foreign labor migrants to Russia amid the economic problems. “We need to understand that the economic situation in the country is very difficult. Migrants are not so active now as they were when our national currency was rather strong,” Shuvalov said […]
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(Bloomberg – bloomberg.com – Andre Tartar, Anna Andrianova – February 25, 2016) As Russia hunkers down for the second year of recession, most economists say a parliamentary election in September won’t unleash the kind of protests that rattled the country in 2011. There’s a 30 percent chance that economic distress will translate into political unrest, according to the median of […]
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(RFE/RL – rferl.org – Brian Whitmore – February 24, 2016) Dmitry Medvedev recently played a telling little head game. When the Russian prime minister said at the Munich Security Conference that Moscow and the West had “slid into a new Cold War,” he essentially created a damned-if-you-do-damned-if-you-don’t situation. “If the West agrees that it is a new Cold War, then […]
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