Most Russians Aren’t Worried by West’s Sanctions, But Many More See Them Hitting Ordinary People

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(Russia Matters – russiamatters.org – RM Staff – Feb. 3, 2022) In spite of escalating tensions between Russia and the West over Ukraine, the latest poll conducted by the Levada Center shows that two-thirds of Russians say they’re not too worried about Western sanctions. At the same time, the share of respondents who believe current sanctions are impacting a wide […]

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RUSSIALINK: “Ukraine Standoff Threatens to Derail Russia’s Domestic Battle Against Inflation; Even without invasion, the crisis is accentuating rising price pressures at home” – Moscow Times

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The standoff between Russia and the West over Ukraine threatens to compromise Russia’s domestic economic plans and accentuate the country’s cost of living crisis […]

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RUSSIALINK: “Biden’s Sanctions Threats ‘Destabilizing,’ Kremlin Says” – Moscow Times

Dmitry Peskov file photo adapted from image at kremlin.ru/wikimedia commons

(Moscow Times – themoscowtimes.com – Jan. 20, 2022) The Kremlin warned Thursday that U.S. President Joe Biden’s threats of sanctions if Russia invades Ukraine destabilize European security. “All these statements can contribute to the destabilization of the situation,” Interfax quoted Russian President Vladimir Putin’s spokesman Dmitry Peskov as telling reporters. “We believe that they don’t contribute in any way to […]

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JRL NEWSWATCH: “Russia Thinks America Is Bluffing” – Foreign Affairs

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

To Deter a Ukraine Invasion, Washington’s Threats Need to Be Tougher […]

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JRL NEWSWATCH: “Toast of Emerging Markets in 2021, Russia Gives Pause” – Bloomberg

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“… For all the gains [Russia’s] assets … made in the past 12 months, a military incursion into Ukraine [reportedly] would transform the narrative instantly …. Unprecedented U.S. and European sanctions would leave Russia off-limits to many investors, rendering the benefits of rising commodity prices, record international reserves and the central bank’s hawkish turn all but irrelevant. … [T]ensions with […]

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RUSSIALINK: “Cutting Russia off from SWIFT would become common problem, since Russian exports would not be waived – Siluanov” – Interfax

Anton Siluanov file photo

MOSCOW. Dec 30 (Interfax) – Russia’s disconnection from SWIFT is theoretically possible, but such a decision would be a common headache: foreign partners, primarily in Europe, will not be able to waive exports from Russia and will be forced to look for other methods of payments, Finance Minister Anton Siluanov said in an interview with the Rossiya 24 television channel. […]

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JRL NEWSWATCH: “No time for war: Russians see no chance of conflict” – BBC

Map of Commonwealth of Independent States, European Portion

The build-up of Russian troops on the Ukrainian border has led to fears of an invasion and all-out war. For most Russians there is little interest […]

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JRL NEWSWATCH: “U.S. intelligence-sharing convinces allies of Russian threat to Ukraine” – Financial Times

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

Skeptical capitals including Berlin persuaded of the need to draw up threat of robust sanctions […]

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JRL NEWSWATCH: “Lukashenko threatens to cut gas supplies to Yamal-Europe gas pipeline if EU imposes new sanctions, promises to send refugees dry firewood” – bne Intellinews

Alyaksandr Lukeshenko file photo, adapted from image at usembassy.gov

“… Lukashenko has threatened to cut off [Belarusian] gas transit to Europe  … shutting down the Yamal-Europe pipeline if the EU imposes new sanctions …. The Yamal-Europe pipeline is part of the northern route that also includes … Nord Stream 1 and 2 … and transits gas from Russia’s Arctic Yamal fields via Belarus to Poland and on to Germany. […]

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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

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“… 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

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“… 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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