Year: 2008

April 17, 2008

Peak Oil and Russian Power

It has become shorthand for journalists to describe Russia as “resurgent” and dramatically “more powerful” than it was in the year 2000. We generally accept this fact because of its impressive average economic growth of 6.4...
April 17, 2008

Video: Sochi Development Concerns Residents

Here’s a news clip about the “Herculean” effort to transform Sochi for the Winter Olympics – at a potentially high cost to local residents. Sochi: future Olympic town, worried local residentsUploaded by FRANCE_24
April 17, 2008

Kudrin and Fiscal Discipline in Russia

Russia’s Finance Minister Alexei Kudrin is an interesting character. Thrust into the center of the clan wars for holding the keys to the country’s massive stabilization fund, the occasionally outspoken technocrat has openly contradicte...
April 17, 2008

Energy Blast – April 17, 2008

Oil prices continue to surge, and have reached almost $115 a barrel. Gazprom has agreed to set up a joint venture with the National Oil Corporation of Libya. The company also announced it will close a deal to buy a controlling stake in Serbia̵...
April 17, 2008

Today in Russian Business – April 17, 2008

St Petersburg will open a competition later this month to select private partners for the planned $1.28 billion overhaul of Pulkovo airport. Oleg Deripaska has lost a court case brought by Czech fund PPF Investments over his insurer Ingosstrakh, a...
April 17, 2008

RA’s Daily Russia News Blast – April 17, 2008

TODAY: Russia announces support for Georgia’s breakaway regions. Interview with Russian Foreign Minister. NGOs to face stringent new regulations. Russia and Libya deals could be worth $10bn. Putin to re-marry? Rumors persist… Russia announce...
April 16, 2008

Georgia Accuses Russia of Attempting Annexation

That’s what the Financial Times is reporting following Russia’s announcement that Moscow would establish official links with the separatists regions of Abkhazia and South Ossetia. I may be wrong, but I think this would be the first for...
April 16, 2008

Italy’s Economic Woes to Bring Russia Closer?

Yesterday Bob sounded off on the election of Silvio Berlusconi as Italy’s prime minister for a third term – despite what the New York Times describes as his “shockingly meager achievements in office.” Now there’s this...