Alexei Kudrin, Russia’s finance minister, is keeping a pessimistic outlook on oil prices and demand for the coming year, which doesn’t bode well for the economy as oil declines usually mean bad news for Russian stocks. Despite th...
Sberbank’s profits, at $594 million, are down 85% from last year. The central bank have cut interest rates to a record low of 9% in an attempt to stave off the destabilizing effects of speculation and slow the appreciation of the ruble...
TODAY: Medvedev orders investigation of Magnitsky’s death and calls for broader look at treatment of detainees, fires employees responsible for Ulyanovsk blasts; Iran could take legal action against Russia over missilse; Ismailov’s son...
It may have all started with the bosom buddy relationship with Vladimir Putin, but Venezuelan President Hugo Chávez has expanded his friendship franchise to the world’s pariahs, from Mahmoud Ahmadinejad to Omar al-Bashir to Robert Mugabe, an...
Would it be foolish to think that all this William Browder/Hermitage stuff would come to an end with just one murdered lawyer? Not quite. This latest story from Catherine Belton in the Financial Times is at once frightening, morally ou...
Yulia Latynina’s column in the Moscow Times points out that Renaissance was also put through the wringer with the same FSB/Interior Ministry scam that Hermitage was … but chose to stay quiet in order to stay in business. Always a...
Say what you will about the Putin-Medvedev diarchy, but there’s no doubting the success they have had in keeping the media running circles around their own script. In fact, reading this CSM editorial (and many others), I get that famil...
From the Washington Post editorial page: Dmitry Medvedev keeps giving speeches about ending the lawlessness and corruption that have overtaken his country. That would be encouraging — except that Russians who try to act on the president̵...
Turkey’s highest court has reversed the decision to have Atomstroyexport build its first nuclear power plant, due to allegations of unfairly high prices issued by the Russian company, and concerns about energy dependency. Russia will g...
Russia may sell up to $3.5 billion of state assets per year in airports, ports, shipping companies and insurance, under its latest 2010 privatization plan. Details of specific companies and the fourteen stakes offered for sale have been docu...
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