Tag Archives: Putin
G7 Russia G8

Why Russia is not concerned about the G7

Russia was excluded from this year’s G7 summit due to its threatening behavior in Ukraine. However, this may not be the breakdown in international relations many fear and is probably temporary. At the height of the Cold War in the 1970s, the leaders of the world’s seven most powerful democracies – the United States, Canada, […]

Continue Reading
Russia China energy pact

Sino-Russian natural gas deal transforms global energy markets

Sino-Russian energy deal will have profound economic consequences for global energy markets and will have an impact on relations between Russia and the West. On 21 May, Russia and China signed a decade-long negotiated deal on Russian natural gas exports to China valued at $400 billion. According to the agreement, Russia’s gas giant Gazprom will […]

Continue Reading
Austria Russia gas pipeline

Austria-Russia energy deal exposes EU disunity over Ukraine

A recent gas deal between Austrian energy company OMV and Russian gas exporter Gazprom exposes fractures within the European Union bloc over responses to the Ukraine crisis and threatens the stability of the EU policy-making. When it comes to natural gas diplomacy, member states of the EU have always found it difficult to unite under […]

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

New sanctions hurt energy companies and Russia’s credit rating

With the situation in Ukraine entering its most difficult pre-election stage, the growing rift between Russia and the West is starting to affect everyday business. Following the ineffective Geneva Agreement and continuation of conflict in eastern Ukraine, the United States and the EU decided on April 29 to impose a fresh round of sanctions on […]

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

Sanctions on Russia also hit foreign investment

On 28 April 2014, the U.S. launched its third round of sanctions on Russia, aimed at President Vladimir Putin’s cronies and their businesses. As the situation continues to deteriorate, investors in and out of Russia face bigger risks. Although their confidence has not been entirely crushed, investors are leaving Russia for safety measures. Russia saw […]

Continue Reading
Recife, Brazil

Sanctions against Russia cause greater capital inflows to Brazil

The Russian Federation’s actions in the Crimea continue to reverberate throughout the world. Far away from Eastern Europe, even Brazil is likely to feel the effects of Russian choices as short-term capital inflows increase. In response to Russia’s annexation of Crimea in Ukraine, the United States in conjunction with key allies in Europe and elsewhere have pushed […]

Continue Reading
Putin Merkel

Ukraine crisis makes Russia look East

After Western leaders talked last week about penalizing Russia further, President Vladimir Putin asked for a diplomatic resolution on the Ukraine crisis. Yet, a Russian move towards ‘Eastern allies’ is still on the table. In his speech in Brussels on March 26, US President Barack Obama stressed the need for “deeper sanctions” against Russia, should President Vladimir Putin attempt to move […]

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