A boost in the price of crude oil helped Russia’s stocks to surge 20% yesterday, but the fluctuations in price are forcing some US oil majors to stall projects. Despite a record profit this quarter, Exxon Mobil is struggling to keep up with oil-pr...
The financial crisis: Russia hasn’t seen anything like the worst of it yet, says this article. The country’s gold and foreign exchange reserves have fallen below $500 billion for the first time in eight months, with this week’s fall being th...
TODAY: Deripaska denied US visa due to ‘criminal associations’; Lavrov blames Georgia; Russian interests in Latin America provide an arms-export showcase; ‘half’ of Russians satisfied with government; Ingushetian president dismissed. US immigratio...
From Robert Skidelsky in the Financial Times: Despite the professionalism of the rescue mounted by the finance ministry and central bank – and the budgetary cushion provided by the stabilisation fund, brainchild of Andrei Illarionov, Mr Putin’s di...
First Fridman, then Deripaska. Now a report in Reuters points out the obvious fact that the acceptance of corporate welfare in Russia is a Faustian bargain: The billionaires have transferred stakes in some of their most prized firms from Western b...
The RUXX Research Department has produced a new report related to foreign investors’ increasing concerns over the Russian business environment, with a focus on the dispute between minority shareholders of power generator TGK-4 and billionair...
(AFP/Getty Images) The Financial Times is reporting that an independent audit of Turkmenistan’s much lauded South Iolatan field has been completed, confirming it as one of the five largest deposits of natural gas in the world, boasting reser...
Just a few years ago, initial public offerings from Russia were all the rage on the London Stock Exchange, as well as its junior index, the AIM, accounting for the City’s chief competitive advantage of listing over Wall Street. Until the new...
This one comes from Prof. Craig Pirrong on the Streetwise Professor: In Darkness at Dawn, David Satter claimed that Yeltsin’s young liberal economists were actually prisoners of their Soviet educations. They believed Marxist dogma about primitive ...
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