In the mid 20th century, a favorite activity of populist governments across the world and especially Latin America was import substitution industrialization (ISI), an economic policy designed to reduce dependence on foreign manufactured goods by c...
By Vareedi Americans often wonder when and where hard feelings against the West began in Iran. Perhaps it goes all the way back to the ancient Greeks calling their Persian invaders Barbarians as the start of the current East/West split. Reaction t...
As many readers know, this blog was born way back in the fall of 2006, right in the thick of the Khodorkovsky defense blitz and not long after I was kindly escorted from my Moscow hotel room by the security services in the middle of the night.&nbs...
Yesterday’s agreement over the maritime boundary in the Arctic Ocean signed by Dmitri Medvedev and Norway’s Prime Minister, Jens Stoltenberg, settling a 40-year long dispute, has been heralded as proof that the Arctic is not a ‘z...
State managers will just have to grin and bear the privatization process, says Finance Minister Alexei Kudrin, as he conveyed plans for an asset sale of greater scope than the $29 billion affair previously announced: the sale will in fact last fiv...
TODAY: Moscow show-down approaches as Kremlin sources claim Mayor will be ousted; is the anti-Luzkhov campaign signs of a split in the diarchy? Lukaschenko compromised by video campaign. Poland vows to arrest Chechen rebel; Georgia see...
Yesterday we were contacted by a PR representative of the Austrian banking group Raiffeisen Zentralbank (RZB) with the following message: Austria’s Financial Markets Authority (FMA) has now officially declared that there is no grounds for su...
Energy Minister Sergei Schmatko has expressed his belief that Russian oil production will reach a new post-Soviet high this year of more than 500 million tonnes. The head of oil pipeline monopoly Transneft, Nikolai Tokarev, has rebuffed pred...
Austria’s banking watchdog has said it found no evidence for wrongdoing when examining possible links between Raiffeisen Zentralbank and the $230 million defrauding of Hermitage Capital. Despite mediation attempts by Vladimir Putin, it...
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