Archive

July 29, 2009

To BRIC or not to BRIC

Anders Aslund thinks Russia’s economy isn’t up to the ranks of its famed acronym partners.  He’s not the first to say it.  Although Aslund has been saying this for a long time, most observers agree that some tough times...
July 29, 2009

Energy Blast – July 29, 2009

TNK-BP’s profits have fallen by 56.5% to $2 billion in the first six months of the year with demand tumbling.   Second quarter profits for the company did rise by 69% on the previous three months.  ‘We are in turbulent times,...
July 29, 2009

Today in Russian Business – July 29, 2009

Magna is pulling out the stops in its bid for Opel by increasing the amount of upfront capital it would pump into the company to €350 million, following criticisms from the German government about the size of cash injections offered by bidders.&nb...
July 29, 2009

RA’s Daily Russian News Blast – July 29, 2009

TODAY: Russia warns against US joining monitoring in Georgia; Lavrov unfazed by Biden’s comments. US says Russia could still join NATO.  Ambassador to Britain claims no legal basis for British Council activities in Moscow. Moldova elect...
July 28, 2009

Grigory Pasko: Russia Gets Eco-Schooled

I recently attended a seminar for radio journalists in Irkutsk, which had an interesting article published in the official programme about the implementation of “energy conservation projects in the Shelekhov municipal district.” Will y...
July 28, 2009

South Stream vs. Nabucco

These pipelines don’t compete, says Jonathan Stern of Oxford, because the Russian one just seeks a new route for existing supplies at 4x the project cost, while the other has no supply or purchase contracts yet.  Stern also thinks that ...
July 28, 2009

Happy Birthday, Hugo!

From RIA Novosti: Russian President Dmitry Medvedev congratulated Venezuelan President Hugo Chavez on his 55th birthday on Tuesday, the Kremlin press service announced. Medvedev’s letter was passed on to Chavez by Russian Deputy Prime Minist...
July 28, 2009

Economy and Hard Power

This piece by Stratfor’s George Friedman, posted over at RealClearWorld, is riddled with flaws, but still interesting to read.  Once again, people are really running away with Biden’s commentary and not reading between the lines. ...
July 28, 2009

Biden’s Cheney Moment

Just a few more thoughts on all this Joe Biden-Russia stuff.  For one, I am in complete agreement with Steve LeVine’s opinion that Biden’s “firm grasp of reality” is pretty much taken out of context in the WSJ headline...