(Interfax – Dec. 1, 2012) During its G20 chairmanship, Russia intends to offer a substantive agenda to its partners aimed at resolving problems facing all countries of the world. “We see the main objective of Russia’s chairmanship in concentrating the G20’s efforts on developing measures stimulating economic growth and the creation of jobs,” Putin said in a welcoming address for […]
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MOSCOW, December 3 (RIA Novosti) – The world’s developed nations should not abandon their budget consolidation and debt reduction plans, Russian Finance Minister Anton Siluanov said on Monday. “The majority of developed countries with a high level of debt recognize the need to have debt reduction programs,” he said at a news conference at RIA Novosti devoted to Russia’s G20 […]
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MOSCOW, December 3 (RIA Novosti) Russian state-controlled energy giants Gazprom and Rosneft, and state-run savings bank Sberbank top the list of where Russians most want to work, according to a poll published by the VTsIOM pollster on Monday. “Gazprom remains the most attractive employer for Russians. If respondents could choose a job in any large company operating on the […]
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[The Illusion of a Rich Russia – Moscow Times/Vedomosti – Dec. 3, 2012 – http://www.themoscowtimes.com/opinion/article/the-illusion-of-a-rich-russia/472315.html] The Moscow Times provides an English-language version of a Vedomosti editorial about perceptions and realities of wealth and poverty in Russia, holding that “Amid all of the seemingly good news, however, Russia’s poverty problem is far from conquered.” First Vedomosti recounts some of the Western […]
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[Russia Day to be held at New York Stock Exchange – Itar-Tass – Dec. 3, 2012 – Russia Day to be held at New York Stock Exchange – http://www.itar-tass.com/en/c154/587860.html] Itar-Tass covers plans to hold a “Russia Day” conference at the New York Stock Exchange: Russia Day is to be held at the New York Stock Exchange (NYSE) on Monday. The […]
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(Snow traps drivers for days in giant Russia traffic jam – Reuters – Dec. 2, 2012 – http://www.reuters.com/article/2012/12/03/uk-russia-traffic-idUSLNE8B201620121203) Reuters reports on a two-days-and-counting, 120-mile-long traffic jam on a major Russian highway resulting from heavy snow and involving thousands of vehicles: Thousands of trucks and cars have been stuck on a major highway, some for more than two days, in a […]
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(Interfax – Dec. 3, 2012) Only 20 percent of working-age Russians with disabilities are employed, the Labor and Social Protection Ministry said on Monday. “Just 816,200 out of 3.39 million working-age persons with disabilities are employed. Some 2.6 million persons with disabilities or 79.7 percent do not have jobs. The rate of employed persons with disabilities is 20.3%, percent,” the […]
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(Interfax – Nov. 29, 2012) No substantial improvement in Russia’s investment climate has yet come about, Russian Prime Minister Dmitry Medvedev has said. “Unfortunately, we have had no fundamental successes here,” Medvedev said at a Thursday government meeting at which he presented the preliminary results of a half year of cabinet of ministers activity. “The task consists in the reduction […]
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(Voice of America – James Brooke – Nov. 28, 2012) MOSCOW Americans may have seen the downside of climate change when Hurricane Sandy bashed into New Jersey and New York City in October. Some scientists say melting Arctic ice helped to create the largest Atlantic hurricane on record. Russians and Chinese, however, see an upside to ice melting in […]
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(Senate fight coming over Russian human rights bill – Foreign Policy – Josh Rogin – Nov. 28, 2012 – click here for full article) ForeignPolicy.com covers the U.S. Senate’s handling of the Magnitsky Act and related trade regulation, and the question of whether to broaden its scope to human rights violators world-wide: The Senate is set to do battle over […]
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(The Magnitsky Bill: The Sources of America’s Obsession with Russia – US-Russia.org – featuring Vlad Sobell, Ron Paul, Edward Lozansky, Willism Dunkerley, Alexander Rahr, Alexandre Strokanov, Nicolai Petro, Mark Nuckols, Patrick Armstrong, and Sergei Roy – Nov. 28, 2012 – click here for full article) US-Russia.org features remarks in Congress by Cong. Ron Paul, as well as commentary by Vlad […]
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(Georgia eyes double-digit growth, renewed Russia ties – Reuters – Margarita Antidze – Nov. 26, 2012 – http://www.reuters.com/article/2012/11/26/us-georgia-economy-idUSBRE8AP0NE20121126) Reuters covers Georgia’s expressed need for increased economic growth in the face of unemployment and low per capita GDP, with one hope being that trade with Russia will play a part: Georgia’s new economy minister says his country, beset by high unemployment […]
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MOSCOW. Nov 29 (Interfax) – Russian Prime Minister Dmitry Medvedev thinks that the support of the Magnitsky Act by European countries is pointless and vows that Russia will respond to such a decision by the U.S. Congress. “If we speak about this act, it will invoke both symmetrical and asymmetrical reactions on our behalf. We passed all of these in […]
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(Bloomberg – bloomberg.com – Olga Tanas – Nov. 28, 2012) Russia will consider taxing individuals who earn more than 1 million rubles ($32,200) a year from financial holdings to narrow income inequality, Finance Minister Anton Siluanov said. “We could collect tax on additional income from wealthy citizens who have larger bank deposits and more investment income using such a mechanism,” […]
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(Moscow Times – themoscowtimes.com – Nikolaus von Twickel – Nov. 29, 2012) Business executives are urgently calling on the government to improve conditions for entrepreneurship, which they say remains massively underdeveloped because of stifling bureaucratic and administrative hurdles. If the country’s leaders do not act soon, they might put themselves in jeopardy, participants in a business conference said Wednesday. “Without […]
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(Interfax – Skolkovo, 28 November) Russian Deputy Prime Minister Vladislav Surkov has described innovative work as a priority political task because high technologies contribute to the development of democracy. “I think innovative work is a priority political task. It precedes party building, it precedes elections, it comes before everything else, because there will be no democracy without high technologies and […]
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(Rostelecom Is Forever in Debt to the Kremlin – Yulia Latynina – Moscow Times – Nov. 28, 2012 – Yulia Latynina hosts a political talk show on Ekho Moskvy radio – http://www.themoscowtimes.com/opinion/article/rostelecom-is-forever-in-debt-to-the-kremlin/472094.html) Yulia Latynina comments in a Moscow Times op-ed on alleged corruption and repercussions entangling Rostelecom, Marshall Capital and VTB Bank, yet another Russian scandal ending up in the […]
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(Interfax – November 27, 2012) The U.S. Russia Foundation for Economic Advancement and the Rule of Law (USRF), which is a U.S.-registered entity, neither can replace the defunct Russian branch of the U.S. Agency for International Development (USAID) nor has any plans to do so, USRF’s chief executive said on Tuesday. USRF and USAID have completely different missions, Mark Pomar […]
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(Moscow Times – themoscowtimes.com – Nikolaus von Twickel – November 28, 2012) The Foreign Ministry on Tuesday threatened the European Union with “retaliation” if visa-free travel is not introduced in time for the Sochi Olympics in February 2014. Anvar Azimov, the ministry’s point man on visa negotiations with the EU, said Tuesday that Moscow wants to see a breakthrough by […]
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(Moscow Times – themoscowtimes.com – Irina Filatova – November 28, 2012) Russia and France signed an agreement Tuesday on creating a council to develop economic cooperation amid growing criticism from the European Union of some measures Moscow has introduced to support local manufacturers following accession to the World Trade Organization. A protocol to establish the Business Cooperation Council was signed […]
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MOSCOW. Nov 27 (Interfax) – President Vladimir Putin’s video address on December 1 will highlight Russia’s priorities as the G20’s coordinator, the daily Kommersant wrote on Tuesday. “Putin’s special video address will highlight the strategy of Russia’s presidency in this organization,” the newspaper writes. Also, a Web site will be launched on December 1 to cover Russia’s G20 presidency, it […]
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(Moscow News – themoscownews.com – Anastasia Matveyeva, Moskovskiye Novosti – November 26, 2012) Over the 2000-2012 period, the income of Russians has grown by 2.5 times. This has radically changed the country’s social structure, say two academics who presented a report at a Gaidar Readings conference in Moscow on Nov. 13: such conditions as poverty have practically disappeared and the […]
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(Moscow News – themoscownews.com – Anna Arutunyan – November 26, 2012 – Anna Arutunyan is the politics editor of The Moscow News) I’m going to tell you a story about three pretty girls who defied the patriarchy no, wait, scratch that. This is a story of deceit, betrayal and revolution. No, scratch that, too. Here’s a tale of greed, […]
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(Ben Aris in Moscow – Business New Europe – www.bne.eu – November 27, 2012 – Ben Aris is the editor/publisher of Business New Europe) The Kremlin is scared. As the Russian economy emerges from the 2008 crisis, it is sliding smoothly and quickly into stagnation. In response, President Vladimir Putin challenged his government to implement 22 roadmaps to finally address […]
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(premier.gov.ru – November 26, 2012) Dmitry Medvedev: Good afternoon. Question: Good afternoon. Mr Prime Minister, you plan to visit France soon, next week. We know that you had good relations with Nicolas Sarkozy. How would you assess your cooperation with the new President of France, Francois Hollande? Do you expect any changes? Dmitry Medvedev: I believe that our relations with […]
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MOSCOW. Nov 21 (Interfax) The likelihood of external shocks, which would threaten the Russian economy with a crisis similar to that of 2008 is low but Russia cannot control such risks and needs to be prepared for this possibility, Deputy Finance Minister Alexei Moiseev told journalists on Wednesday. “We believe that the likelihood of such an external shock is very […]
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(Howard Amos – Moscow Times – themoscowtimes.com – November 21, 2012) Despite the establishment of a Far East Development Ministry in May, the area from Siberia to the Pacific coast lacks an effective administrative body to coordinate investment projects, according to Alexander Bazhenov, head of the Far East Development Fund. Decaying infrastructure, extreme weather conditions, a decreasing population and the […]
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(RIA Novosti – November 20, 2012) Russian MPs have put forward various proposals for how Russia should respond to the USA’s “Magnitskiy list”, such as compiling a similar list of US officials or stepping up cooperation with the USA’s opponents, state news agency RIA Novosti reported on 20 November. The House of Representatives of the US Congress approved the “Magnitskiy […]
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WASHINGTON, November 21 (By Carl Schreck for RIA Novosti) – With the Magnitsky Act moving through the US Congress, American lawmakers are making clear their intent to punish Russian officials deemed by Washington to be responsible for human rights abuses. Less clear is who will end up on this blacklistand how. The Magnitsky bill passed Friday by the US House […]
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MOSCOW, November 20 (RIA Novosti) Russian Deputy Prime Minister Dmitry Rogozin warned on Tuesday of a new clean-out of corruption and crooked officials in the country’s arms industry, following a series of high-profile scandals in the sector. “A clean-out is inevitable,” the deputy prime minister, who is in charge of the defense industry, told Kommersant. “The pitcher goes often […]
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MOSCOW, November 20 (RIA Novosti) Russia’s capital outflow may reach $70 billion in 2012, more than the previous forecast of $60-65 billion, Deputy Economic Development Minister Andrei Klepach said on Tuesday. “We’ll specify the figure by December. Perhaps, it will be slightly larger [than the Central Bank’s estimate of $67 billion] at $70 billion, or may be less” Klepach […]
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(Moscow Times – themoscowtimes.com – November 20, 2012) The material well-being of Russians has improved over the past 10 years, and there are fewer people who barely make ends meet, according to a recent study by the Levada Center pollster. The survey polled 1,600 people in October and showed that since 2002 the number of Russians easily capable of purchasing […]
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MOSCOW, November 20 (RIA Novosti) Russia’s economy will remain primarily based on raw materials production until 2030, along with the remnants of high technologies like the nuclear and space industries inherited from the Soviet era, Rosiiskaya Gazeta reported on Tuesday, citing the latest forecast by Russian economists. The Global Strategic Survey 2030 was prepared by the Institute of World […]
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(Moscow News – themoscownews.com – Evgeniya Chaykovskaya – November 19, 2012) Russian state companies have the highest-paid top managers, according to a list published by Forbes magazine. The magazine put VTB’s chairman of the board, Andrei Kostin, on the top spot with earnings of $30 million in 2011, with $194 million spent on payments to all key managers. He is […]
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(Moscow Times – themoscowtimes.com – Roland Oliphant – November 19, 2012) U.S. President Barack Obama could sign the Magnitsky act into law by the end of this year, backers of the bill have said. The landmark legislation was approved by the U.S. House of Representatives on Friday. The bill would allow permanent normal trade relations with Russia and at the […]
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MOSCOW. Nov 19 (Interfax) – Moscow forestalled the adoption of the so-called Sergei Magnitsky Rule of Law Accountability Act in the U.S. by enacting the law on NGOs acting as foreign agents, which is quite painful for Washington, but it should be prepared to see a number of European Union countries considering bills analogous to the one just passed by […]
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(Russia warns U.S. over human rights bill – Reuters – Thomas Grove – November 16, 2012 – http://www.reuters.com/article/2012/11/16/us-usa-russia-idUSBRE8AF0RA20121116) Reuters covers Russian attempts to pressure the u.S. Congress over human rights legislation before it, being addresses in connection with trade legislation: Russia increased pressure on the U.S. Congress on Friday not to pass legislation that would punish Russian officials for human […]
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(Moscow Times – themoscowtimes.com – Alexander Bratersky – November 16, 2012) When President Vladimir Putin was asked in an interview last month about anti-corruption lawyer Alexei Navalny, he indicated that he thought opposition leaders had achieved little of substance. “I’m not repudiating anyone, and I don’t want to cheapen the merits of any of the possible leaders of the opposition,” […]
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(Interfax – November 14, 2012) Most indicators of social well-being show a positive trend in Russia, Interfax news agency reported on 14 November, quoting sociologists from the All-Russia Public Opinion Research Centre (VTsIOM). According to their information, over the last month people’s perception of their financial situation has increased by two points (from 64 to 66), due to an increase […]
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(Three cheers for the Magnitsky Act and American values- AEIdeas – www.aei.org – Leon Aron – November 15, 2012 – Leon Aron is Resident Scholar and Director of Russian Studies at the American Enterprise Institute – http://www.aei-ideas.org/2012/11/three-cheers-for-the-magnitsky-act-and-american-values/) Leon Aron of the American Enterprise Institute addresses the Magnitsky Act legislation currently before Congress: In the next few days, the House and […]
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(The Hill – Vicki Needham – November 15, 2012 – http://thehill.com/blogs/on-the-money/1005-trade/268385-top-senator-eager-to-clear-russia-trade-bill) The Hill covers Congressional action on legislation normalizing U.S. trade relations with Russia and imposing sanctions on human rights violators. One lawmaker wants to expand the human rights sanctions to make them global: A top Senate Democrat said he is determined to jump the final hurdle and clear a […]
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(Bloomberg – bloomberg.com – Henry Meyer and Jason Corcoran – November 16, 2012) Russian government reticence to discuss President Vladimir Putin’s health issues is adding to investor concern about the lack of transparency in a country that’s losing $80 billion a year in capital flight. The Russian leader canceled or postponed five foreign trips over more than a month, including […]
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(Interfax – Moscow, 14 November) Head of the State Duma Committee for International Affairs Aleksey Pushkov is convinced that the US Congressmen’s intention to pass the so-called Magnitskiy list law’ on Friday (16 November) and to abolish the Jackson-Vanik amendment at the same time shows that two different lobbying groups, one political and one economic, are involved. “By now, one […]
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(Russia threatens tough response if US back rights bill – Reuters – Steve Gutterman – November 15 – http://www.reuters.com/article/2012/11/15/russia-usa-idUSL5E8MFA6K20121115) Leading up to House consideration of Congressional legislation impacting trade relations with Russia, and sanctions over human rights issues, Reuters covers Russian warnings: Russia warned the United States on Thursday to expect a tough response if Congress passes “unfriendly and provocative” […]
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(Bloomberg – bloomberg.com – Ksenia Galouchko and Michael Patterson – November 15, 2012) Russian Prime Minister Dmitry Medvedev’s efforts to give his citizens a better night’s sleep and ease stress for the nation’s farm animals are undermining his push to make Moscow a global financial center. Trading of Micex Index (INDEXCF) stocks has dropped 15 percent in Moscow since Oct. […]
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(Moscow Times – themoscowtimes.com – Rachel Nielsen – November 15, 2012) At Wednesday’s congress of a major business lobbying group, the president of the country pulled a no-show, the first deputy prime minister told the group to avoid politics and a State Duma deputy personally fielded business complaints. The congress was the 10th annual gathering for Opora, a nationwide group […]
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NOVO-OGARYOVO. Nov 15 (Interfax) – Russian President Vladimir Putin thinks it necessary to raise the contribution that small and medium businesses make to Russia’s GDP. “The number of our small and medium enterprises is growing, but this level is still far from where it should be, given that in countries with a developed market economy the contribution of small and […]
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MOSCOW, November 15 (RIA Novosti) Russia ranked lowest among the BRICS nations in the Global Dynamism Index (GDI) published by the advisory firm Grant Thornton International on Thursday. Russia ranked just 43rd in the Index of 50 leading economies on their dynamism in five key areas business operating environment, economics and growth, science and technology, labor and human […]
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(Moscow Times – themoscowtimes.com – Yekaterina Kravtsova and Anatoly Medetsky – November 15, 2012) The Kremlin remained silent Wednesday after U.S. lawmakers moved to advance a bill to punish Russian officials for human rights violations. A decision Tuesday by the House Rules Committee will bring the bill, which aroused strong opposition in Moscow, up for a vote by the full […]
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WASHINGTON, November 15 (By Maria Young for RIA Novosti) The Louisiana Caviar Company in the southern US coastal city of New Orleans produces a unique fish delicacy that is wildly popular in Russia. But owner John Burke says his company could profit much more if US lawmakers would approve permanent normal trade relations (PNTR) with Russiaa move expected to be […]
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