Tag Archives: Moscow

Sino-Russian gas deal: Alliance or partnership?

Does the recent gas deal between Russia and China signal a broader geopolitical alliance between the two countries, or is it simply an economic partnership? The recent announcement of a massive $400 billion gas deal between Russia and China has rightly been taken as part of a Russian pivot eastward, alongside increasing joint military exercises […]

Continue Reading
Simferopol referendum Ukraine Russia

Crimea annexation comes with host of problems for Russia

Russia will bear the brunt of recently annexed Crimea’s long-term economic, financial and political problems. President Putin made a triumphant visit to Crimea on the 9th May, as the region held its first Victory Day commemorations since being annexed by Russia. Mr. Putin extolled Crimea’s “return to the motherland” before tens of thousands of people. […]

Continue Reading
Russia debt crisis

Russia faces expanding regional debt crisis

Recent data released by Russia’s Court of Accounts indicates that the country’s regional governments are facing crisis situations with regional debts. In the past year, the level of total regional debt has doubled to 642 billion rubles, 3.3 times higher than had been expected from the Ministry of Finance. The number of regions that have […]

Continue Reading

EU takes steps toward energy independence from Russia

With recent events in Ukraine strongly affecting security relations between the West and Russia, both Brussels and Moscow are increasing efforts to reduce their mutual energy-financial dependency. European energy dependency is not a new thing. Despite aims to cut its energy imports, since 2000 the EU actually increased them by 10% (mainly by reducing domestic […]

Continue Reading
Source: Reuters

Taking Crimea may throw Russia into recession

Russian leaders may celebrate annexing Crimea, but it will cost the Russian economy. Already weak, this latest move threatens to send the country into recession. Following the successful referendum on Crimean independence and the Russian Duma allowing Crimea and Sevastopol to become part of the Russian Federation, the Kremlin celebrated on Friday evening with a fireworks display. Yet, the […]

Continue Reading
China Kazakhstan pipeline

Chinese energy investments drive Moscow’s interests in Central Asia

With Russia’s economy in crisis and Central Asia coming in focus of Chinese energy strategy, the region is experiencing a long-term geopolitical shift. Central Asian (CA) states, Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan and Tajikistan, have been part of the Russian interest sphere since the mid-19th century, first as part of Russian empire and later as the […]

Continue Reading
Source: Ivan Bandura via Flickr

Ukraine remains caught in tug-of-war between Russia and West

Ukraine could be on the brink of a wide-scale conflict that threatens to destabilize the region and worsen relations between Russia and the West. Ukraine is going through the worst political crisis since the country gained independence after the dissolution of the Soviet Union in 1991. The first protest, which started in November over President […]

Continue Reading
Togliatti, Russia; Source: ShinePhantom via Wikipedia

Russia’s single-industry cities pose risk to economy

The issue of failing monogoroda, or single-industry cities, is rapidly becoming one of the most pressing economic issues and sources of political risk within the Russian Federation. The Russian government defines single-industry cities as urban areas in which at least 25% of residents are employed by a single facility. These cities were created during of […]

Continue Reading
Source: Ivan Bandura via Flickr

The battle for Ukraine’s future continues

Demonstrations that began in November 2013 in Ukraine turned into violent clashes claiming the lives of at least two people. With talks between the government and the opposition not yet providing a way out of the stalemate, the country’s future hangs in the balance. The demonstrations turned into clashes between the protesters and security forces […]

Continue Reading
Russian ruble

Ruble to spread in global market

Russia is facing many economic problems and has seen its currency, the ruble, drop to record-low levels. Nevertheless, policy makers in Russia and abroad may help to strengthen the Ruble’s position in currency markets, with interesting ramifications. International political economists have often debated the role of the U.S. dollar as the global reserve currency, especially […]

Continue Reading