JRL NEWSWATCH: “Ukraine feels the chill of Biden’s foreign policy” – Financial Times

File Photo of Joe Biden at Podium in Front of U.S. and State Department Flags, adapted from image at usembassy.gov

“Afghanistan withdrawal heightens Zelensky’s fears of dwindling support from Washington” “… Ukraine has fought an eight-year war against Russia and Russian-backed militants …. Yet even before the chaotic pullout from Kabul, alarm was spreading … over fears … [that] Biden wanted to focus more on other foreign policy issues, especially … China. The first warning sign … came … when […]

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Local Staff At U.S. Embassy, Consulates In Russia Dismissed To Meet Kremlin Deadline

File Photo of U.S. Embassy Moscow, with Russian Foreign Ministry Building in Distance

The United States says it has laid off nearly 200 local employees from its diplomatic missions in Russia ahead of an August 1 deadline set by the Kremlin … a move made by Moscow in response to U.S. sanctions and the expulsion of Russian diplomats […]

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JRL NEWSWATCH: “Russia Raises Rates Amid Standoff With West, Signs of Covid-19 Economic Recovery; Central bank increases its main interest rate by 50 basis points to 5%” – Wall Street Journal

Cash, Calculator, Pen

“… The Bank of Russia raised its main rate to 5% from 4.5% …. [saying] it expected inflation to be higher than previously anticipated, citing a rebound in demand as Russia’s Covid-19 vaccination program progressed. … The central bank signaled concern about other developments …. follow[ing] [U.S. sanctions] bar[ring] U.S. banks and institutional investors from buying new Russian government ruble-denominated […]

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JRL NEWSWATCH: “Under siege; The Kremlin has isolated Russia’s economy; It has protected the country from shocks but is choking any growth” – The Economist

Diverse Paper Currency, Coins, Line Graph

“… Since 2014, when Russia annexed Crimea and invaded eastern Ukraine, the Kremlin has commanded the economy like a fortress under siege, building up reserves, decoupling from the world economy, and preparing for the potential impact of Western sanctions or fluctuations in oil prices. … effective at protecting against outside shocks. [b]ut … breed[ing] stagnation and malaise … fuel[ing] … […]

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RUSSIALINK: “Russian Markets Shrug Off New Sanctions; The ruble and stock market have recovered, but risks remain” – Moscow Times

File Photo of Outdoor Electronic Sign with Russian Exchange Data

The U.S. hit Russia with its toughest and broadest sanctions package in three years … banning U.S. financial institutions from buying Russian government debt … expelling 10 diplomats and sanctioning 40 companies and individuals […]

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RUSSIALINK: “Central Bank sees no risks in disconnecting Russia from international payment systems; it would be very unfavorable for them – CBR first deputy governor” – Interfax

File Image of Artist's Conception of Globe with Curved Connecting Lines of Light Passing Through Space, adapted from image at fincen.gov

MOSCOW. April 14 (Interfax) – The Central Bank of Russia (CBR) does not see any risks in disconnecting Russia from the international payment systems, as this would be unfavorable for them, CBR first deputy governor Olga Skorobogatova said during a briefing on Wednesday. “If we are talking about the current situation, then I believe that it is rather calm and […]

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JRL NEWSWATCH: “Russia Recalls Its Ambassador to the U.S. for Consultations” – Wall Street Journal

Cropped File Photo of Anatoly Antonov with U.S. Flag, adapted from image at state.gov

“Moscow’s move follows a critical U.S. intelligence report about Russian efforts to interfere in the 2020 presidential election.” “… [Russian Ambassador to the United States] Anatoly Antonov[‘s] … summon[ing] to Moscow came … after a U.S. intelligence report … accus[ing] … Putin of … a wide-ranging influence operation to interfere in the 2020 U.S. election …. Antonov was … previously […]

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JRL NEWSWATCH: “U.S., U.K. Weigh Russia Sanctions, Possibly Targeting Debt” – Bloomberg/ Saleha Mohsin, Alberto Nardelli, Jennifer Jacobs, Alexander Nicholson, Ilya Arkhipov

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

“The U.S. and U.K. [reportedly] are weighing additional penalties against Russia over the use of chemical weapons, … from sanctions against oligarchs to the extreme step of targeting the nation’s sovereign debt. … The U.S. is expected to … adhere to a 1991 chemical weapons law and [reportedly] follow-up with … more extensive … sanctions unless Russia meets certain conditions […]

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JRL NEWSWATCH VIDEO: “Navalny and the Kremlin: Politics and Protest in Russia” – NYU Jordan Center, Columbia University Harriman Institute

File Photo of Alexei Navalny Marching on Street with Others in Background; adapted from image at commons.wikimedia.org with credit to Evgeny Feldman, subject to Creative Commons license; original image at commons.wikimedia.org/wiki/File:FEV_1795_(cropped1).jpg, with license information at creativecommons.org/licenses/by-sa/4.0/deed.en and creativecommons.org/licenses/by-sa/4.0/legalcode

“On February 1st, the Jordan Center and the Harriman Institute co-hosted a panel on Alexei Navalny as part of the New York–Russia Public Policy Series. Panelists included Yana Gorokhovskaia, Research Fellow at the Institute of Modern Russia; Pjotr Sauer, Journalist at the Moscow Times; Gulnaz Sharafutdinova, Reader in Russian Politics at King’s College London; and Aleksandra Urman, Postdoctoral researcher at the Institute of Communication and […]

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U.S. Sanctions Against Russia May Be Recalibrated, But Overhaul Unlikely

File Photo of Joe Biden at Podium in Front of U.S. and State Department Flags, adapted from image at usembassy.gov

(Russia Matters – russiamatters.org – Ingrid Burke – Feb. 19, 2021) Ingrid Burke is a fellow at Harvard’s Davis Center for Russian and Eurasian Studies. As President Joe Biden settles into the Oval Office, he has filled the upper echelons of his new administration with officials who have vocally supported sanctions against Russia. While it is difficult to predict specific […]

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Any Increase in Western Sanctions on Russia will Only Make It Easier for Kremlin to Repress Its People, Inozemtsev Says

Truck at Russian Border Crossing

(Paul Goble – Window On Eurasia – Staunton, Feb. 13, 2021) One of the paradoxes of relations between Russia and the West is that when Russian actions at home or abroad prompt Western governments to react by seeking to impose penalties on Moscow, those penalties only make it easier for the Kremlin to repress its population at home, Vladislav Inozemtsev […]

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U.S. Lawmakers Call For New Sanctions If Russia Moves Forward With Fines On RFE/RL

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

… Republican and Democratic lawmakers called for new sanctions against Moscow if the Kremlin moves to enforce stringent restrictions and punishing fines that threaten RFE/RL’s news operations in Russia […]

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RUSSIALINK: “U.S. Will Lift Nord Stream 2 Sanctions if Europe Suspends Construction, Says Biden Advisor” – Moscow Times

Gas Flame file photo

… The U.S. imposed sanctions at the end of 2019 in an effort to halt the construction of the pipeline, which will transport Russian gas to Europe […]

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Is Crimea Now Costing Russia More Than It Is Worth?

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

… Not only did that aggressive breach of international law trigger Western sanctions … the authorities in Moscow also never gave the public an honest estimate of just how much money would need to be spent, nor for how long […]

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JRL NEWSWATCH: “U.S. Broadens Sanctions to Thwart Completion of Russian Gas Pipeline” – Wall Street Journal/ Brett Forrest

State Department Building and U.S. Flag

“New measures target companies that would provide services or funding for vessels working on Nord Stream 2” “… [2019] U.S. Sanctions … focused on pipe-laying vessels for Nord Stream 2 and halted the $10.5 billion [natural gas] pipeline[,] … designed to transmit Russian gas to Germany, 100 miles short … beneath the Baltic Sea. … [A] State Department [web announcement] […]

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RUSSIALINK: “The West Is Outraged By Navalny’s Novichok Poisoning. That’s No Guarantee of Tough Sanctions.” – Moscow Times

File Photo of G7 Leaders at Summit, adapted from image at usembassy.gov

Looming U.S. elections and disparate EU interests could translate into a symbolic response. (Moscow Times – themoscowtimes.com – Jake Cordell – Sept. 4, 2020) Lawmakers across Europe and the U.S. are scrambling to respond to the revelation that Kremlin critic Alexei Navalny was poisoned with Novichok – a lethal Soviet-era military nerve agent – with the possibility of fresh sanctions […]

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JRL NEWSWATCH: “The U.S. Is Close to Killing Russia’s Nord Stream 2 Pipeline; But it’s a race between slow construction and slower sanctions” – Foreign Policy/ Amy Mackinnon

Gas Flame file photo

“Russia’s controversial Nord Stream 2 gas pipeline is close to the finish line – but might be closer to finished as a viable project, after one of the companies involved in laying the pipe on the Baltic seafloor said … it would withdraw …. For years, the United States has tried to kill off Russia’s latest effort to strengthen its […]

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Pompeo Says U.S. Will ‘Do Everything’ To Stop Nord Stream 2 Project

Gas Flame file photo

… The United States opposes the Nord Stream 2 pipeline, which would run under the Baltic Sea and double Russia’s direct natural gas exports to Germany while bypassing Ukraine […]

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YouTube Blocks Accounts Of Pro-Kremlin Analyst, Orthodox TV Channel In Russia

Youtube(TM) Logo, adapted from image at oakridge.doe.gov

YouTube has blocked accounts of the Tsargrad TV channel in Russia and its former chief editor, pro-Kremlin analyst Aleksandr Dugin. … Google, which owns YouTube, said … that the accounts were blocked due to the violation of laws on sanctions and trade regulations […]

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JRL NEWSWATCH: “Senators to Announce Sanctions Bill on Russia’s Nord Stream 2 Gas Pipeline” – Reuters

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

“U.S. senators [reportedly] will announce a bill this week expanding sanctions on … [the] Gazprom-led Nord Stream 2 project … [that] Washington says will make Europe too reliant on Russian gas. The Protecting Europe’s Energy Security Clarification Act[, spearheaded by Republican Senator … Ted Cruz[ and Democratic Senator] Jeanne Shaheen … follows legislation signed by … Trump last year …. […]

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U.S. Senate Hearing Exposes Partisan Differences Over New Russia Sanctions

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

(Article text ©2019 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Todd Prince – WASHINGTON, Dec. 4, 2019 – article text also appeared at rferl.org/a/u-s-senate-hearing-exposes-partisan-differences-over-new-russia-sanctions/30306449.html) A hearing in the Senate to discuss U.S. foreign policy towards Russia exposed partisan disagreements over whether to impose new sanctions on a rival power accused of “malign” actions, including interference in foreign elections. […]

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JRL NEWSWATCH: “America Needs Dialogue With Moscow; Sanctions have their place, but some of them are undermining trust without serving their purpose” – Wall Street Journal/ Jon Huntsman

File Photo of U.S. Embassy Moscow, with Russian Foreign Ministry Building in Distance

“… The U.S., acting alone, won’t succeed in changing … [the behavior] of the Russian government. Only the Russian people are capable of this. … Putin runs the country with unrivaled strength[] [b]ut his time will pass. We need to do … more thinking about the institutions and generations that will outlast him. … [W]e need to cultivate constructive relationships […]

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JRL NEWSWATCH: “U.S. Sanctions Tighten Putin’s Circle, Extend Kremlin’s Reach; Russian businesses cut off from foreign funds turn to state banks” – Wall Street Journal/ Thomas Grove, Alan Cullison

Cash, Calculator, Pen

“… Deripaska’s debt shuffle is part of a shift in the Russian economy that accelerated when the West began to impose sanctions … after Moscow annexed the Crimean Peninsula and launched a covert military operation in eastern Ukraine. Though some sanctions were meant to split Russia’s economic elite from the Kremlin, they have pushed sanctioned individuals closer to the Russian […]

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RUSSIALINK: “The U.S. Imposed New Sanctions Today on Russia. What Are They?” – Moscow Times

File Photo of White House with South Lawn and Fountain

(Moscow Times – themoscowtimes.com – August 26, 2019) A new round of U.S. sanctions on Russia over the poisoning of a former spy in Britain last year has gone into effect on Monday. Washington imposed an initial batch of sanctions last year on Russia after determining that Moscow had used a nerve agent against a former Russian double agent, Sergei […]

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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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JRL NEWSWATCH: “Trump Adds to Sanctions on Russia Over Skripals” – New York Times/ Michael Crowley, Julian E. Barnes

File Photo of White House with South Lawn and Fountain

“… Trump … signed an executive order imposing new sanctions on Russia, responding to growing pressure from Congress to further punish Moscow after a nerve agent attack …. the second round of sanctions by the administration after a botched attempt in March 2018 to fatally poison a former Russian military intelligence officer, Sergei Skripal, in …  Salisbury [in the UK]. […]

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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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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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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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Will The U.S. Slap Sanctions On Nord Stream 2?

Gas Flame file photo

(Oilprice.com – Nick Cunningham – May 23, 2019) There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline. The pipeline under construction would carry Russian natural gas to Germany, and has been a lightning rod of controversy both in Europe and across the Atlantic. Many governments and officials from Eastern Europe fear […]

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JRL NEWSWATCH “Russia ramps up bond sales ahead of possible U.S. sanctions; Moscow’s $1.1bn issuance comes after April fundraising smashed records” – Financial Times/ Max Seddon, Nikou Asgari

File Photo of Facade of Russian Finance Ministry

“… [Russia’s] finance ministry sold Rbs73bn ($1.1bn) in rouble-denominated bonds … Wednesday[,] … part of a plan to raise Rbs600bn in domestic debt this quarter. … [after] a record Rbs400bn in April – four times [Russia’s] monthly average – feeding strong investor appetite for high-yielding emerging market debt. … [Analysts regard the efforts] as a pre-emptive stockpiling … [against] the […]

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Have Sanctions on Russia Changed Putin’s Calculus?

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

Since Russia’s 2014 invasion of Ukraine, Western powers have hit Moscow with economic sanctions, hoping to put a stop to President Vladimir Putin’s aggression. Have they worked? (Council on Foreign Relations – Andrew Chatzky – May 2, 2019 – cfr.org/article/have-sanctions-russia-changed-putins-calculus – Andrew Chatzky covers economics, energy, and geopolitics, and helps edit the Daily News Brief.) The United States and the […]

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Trump and Russia: ‘Quid Pro Quo’ or Quid Pro Talk?

Vladirmir Putin and Donald Trump Sitting in Chairs with Flags Behind, adapted from image at whitehouse.gov

(Russia Matters – russiamatters.org – RM Staff – April 18, 2019 – russiamatters.org/blog/trump-and-russia-quid-pro-quo-or-quid-pro-talk) A few weeks before today’s release of the voluminous Mueller report, a former New York Times executive editor, Max Frankel, argued in an op-ed that the Trump campaign and “Vladimir Putin’s oligarchy” had reached an “obvious bargain” in the run-up to the 2016 presidential election: The “overarching […]

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JRL NEWSWATCH: “All About the U.S. Sanctions Aimed at Putin’s Russia” – Bloomberg/ Henry Meyer, Laurence Arnold, Olga Tanas, Tony Halpin

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

“… Since 2014, the U.S. has imposed travel bans, asset freezes and finance and trade restrictions against hundreds of Russian individuals and companies … a multinational effort …. 1. What U.S. sanctions are in place against Russia? More than 700 Russian people and companies have been targeted …. 2. Why were the sanctions imposed? … starting in 2014 after Russia […]

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JRL NEWSWATCH: “Russians in Heartland Sour on Vladimir Putin Over Money Woes; Stagnant wages, rising costs fuel grumbling among working-class residents who once lauded president” – Wall Street Journal/ Thomas Grove

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

“… Working-class Russians … have increasingly shouldered the burden of an economy beset by Western sanctions and a government more committed to military spending than overhauling the civilian economy. … after years of paying for Moscow’s military adventures abroad, the economic malaise in Nizhniy Tagil, once considered a bastion of Kremlin loyalty, highlights growing discontent and an erosion of support […]

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Putin Tells Prosecutors To Protect Rights Of Business Owners

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

(Article text ©2019 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – March 19, 2019 – article text also appeared at rferl.org/a/putin-tells-prosecutors-to-protect-rights-of-business-owners/29830693.html) President Vladimir Putin has urged Russian prosecutors to protect the rights of businesspeople “with a view to improving the business climate.” Speaking to a gathering of prosecutors in Moscow on March 19, Putin said that a “more effective […]

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JRL NEWSWATCH: “Russia backs global use of its alternative SWIFT system” – Reuters

File Image of Artist's Conception of Globe with Curved Connecting Lines of Light Passing Through Space, adapted from image at fincen.gov

“Russian lawmakers on Tuesday backed the international use of a Russian alternative system for the global financial messaging network SWIFT designed by Moscow to eliminate the risk of Western sanctions. Russia has held talks with China, India, Iran and Turkey about joint use of Russia’s financial messaging system …. Russia started developing an alternative to the Belgium-based SWIFT financial messaging […]

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RUSSIALINK: “Audit Chamber Chairman Kudrin in favor of mitigating sanctions through talks” – Interfax

Alexei Kudrin file photo

MOSCOW. March 14 (Interfax) – Russia should seek to mitigate the Western sanctions by synchronizing the efforts of the ministries of foreign affairs, the interior, and economic development, and other agencies toward a better investment climate, Audit Chamber Chairman Alexei Kudrin said. “We need a friendly global environment, we need to enter these [foreign] markets and operate in various jurisdictions, […]

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JRL NEWSWATCH: “‘Chaotic’ sanctions against Russia have failed, says Navalny’ Putin critic claims they miss target and US and UK avoid tackling dirty money” – Financial Times/ Max Seddon

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

“… Navalny said western sanctions against Moscow missed the target and were not working, and that the U.S. and UK had no real interest in tackling ‘dirty money.’ … Navalny labelled existing economic curbs ‘chaotic’ and ‘incomprehensible’ and said attempts to rein in Russia should refocus to target properly the powerful oligarchs with close links to … Putin. … argu[ing] […]

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RUSSIALINK: “Russia can mitigate effects of new U.S. sanctions if imposed – Duma’s Slutsky” – Interfax

Russian State Duma Building file photo

MOSCOW. Feb 14 (Interfax) – Chairman of the Russian State Duma Foreign Affairs Committee Leonid Slutsky has said he believes that Russia can counteract new U.S. sanctions if they are imposed. “American senators have submitted the updated bill, which was earlier dubbed the ‘sanctions bill from hell’ against Russia. The motives behind it are completely far-fetched and unsubstantiated,” Slutsky told […]

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JRL NEWSWATCH: “Russia’s New Shield From U.S. Sanctions: A Siberian Gold Mine; Sukhoi Log, widely seen as one of the world’s largest untapped gold deposits, could give Moscow a bulletproof currency backstop” – Wall Street Journal/ Thomas Grove

Map of Russia and Russian Flag adapted from images at state.gov

“… Tests commissioned by the company last year and undertaken by Australia-based AMC Consultants, along with a scoping study conducted in 2018, determined that there are 63 million ounces of gold at Sukhoi Log, Polyus has told investors. While independent mining analysts haven’t confirmed that estimate on their own, many of them refer to Sukhoi Log as one of the […]

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As Russia’s Food Prices Soar, Bakers Are Feeling the Squeeze; The costs of key ingredients like sugar and eggs have risen sharply in recent months.

File Photo of Wheat Field in Kenya, adapted from image at usda.gov

(Moscow Times – themoscowtimes.com – Evan Gershkovich – Jan. 22, 2019) [themoscowtimes.com/articles/as-russias-food-prices-soar-bakers-are-feeling-the-squeeze-64225] Vladimir Anshakov hadn’t planned on becoming a baker. But when the law school graduate was between jobs several years ago, he was spending more time at home with his teething toddler who had a penchant for gnawing on bread crusts. After the new father checked the ingredients, his […]

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Diminishing Returns: How Effective Are Sanctions Against Russia?

(PONARS Eurasia – Stacy Closson – January 2019 – ponarseurasia.org/memo/diminishing-returns-how-effective-are-sanctions-against-russia) Stacy Closson is a Global Fellow at the Woodrow Wilson Center’s Kennan Institute and a Senior Adjunct Professional Lecturer at American University’s School of International Service. (PONARS Policy Memo) In November 2018, the Trump administration announced another set of sanctions on Russian individuals and entities for supporting Russia’s economic integration […]

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JRL NEWSWATCH: “Russia faces sharp outflow of private investment; More than $67bn shifted out of the country’s economy last year” – Financial Times/ Henry Foy

Diverse Paper Currency, Coins, Line Graph

“More private money left Russia in 2018 than … since the Crimean crisis and oil market rout of 2014 …. Over $67bn … according to the … central bank …. some … attributed to fears over … U.S. sanctions and threats of more actions from Washington …. [ING’s] Dmitry Dolgin … [indicated that when] Russia’s central bank suspended foreign exchange […]

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JRL NEWSWATCH: “The Russia Sanctions Test in the U.S. Senate; A move to block sanctions relief has been defeated, averting a likely spike in global aluminum prices but also spotlighting the tough road ahead for Congress in shaping policy on Russia” – Council on Foreign Relations/ Stephen Sestanovich

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

“Fifty-seven senators … tried unsuccessfully … to keep … Trump … from going forward with sanctions relief for Russia’s largest aluminum producer, Rusal, and its parent companies. … highlight[ing] internal tensions over Russia policy and the difficulty Congress faces …. Sanctions against Russia have enjoyed strong support in Congress since the annexation of Crimea …. The Treasury Department claimed … […]

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