Category: Russia
The analysis published under this category are as follows.
Wednesday, January 27, 2010
Russia Settles USSR's Debt to London Club / Economics / Russia
By: Pravda
Russia has finally paid off the debt to the London Club of Creditors. Russia has thus paid the entire debt of the former Soviet Union to private-owned commerce banks in Western Europe, the USA and Japan. The debt appeared as a result of the loans, which the USSR’s Vnesheconombank (Foreign Economic Bank) raised in the above-mentioned countries before December 31, 1991.
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Saturday, January 23, 2010
Russia's Large Shadow Economy Makes Economic Forecasting Difficult / Economics / Russia
By: Pravda
One-fifth of the Russian economy is shadowed, the Russian Statistics Agency (Rosstat) said. The actual volume of the Russian economy is unknown, which makes economic forecasts for the country difficult. The shadow started growing at the end of 2008 when the economic crisis hit Russia. However, there were no massive moves towards the shadow zone in the Russian economy, experts believe.
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Sunday, December 13, 2009
Average Russian is 8 Times Poorer Than Average European / Economics / Russia
By: Pravda
The latest research indicated that the size of the average European’s savings account is seven times greater than that of the average Russian. It would seem that the reasons are obvious – Russians are seven times poorer than residents of the European Union. However, it’s only a part of the picture. Sociologists say that 70% of Russians do not have bank deposits and 50% of them have no savings at all. Therefore, the average Russian is 8 times poorer than the average European.
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Wednesday, December 02, 2009
Russian Markets Lose $26 Billion To Dubai World Debt Default News / Stock-Markets / Russia
By: Pravda
Dubai World state fund that found itself on a brink of default nearly caused a new world crisis. Due to the information about a possible collapse of the international logistics center, Russian stock market lost approximately $26 billion within a few minutes, experts say. The pa nic did not last long, and the Russian ruble only lost 20 kopeks. Yet, the experts believe that the Russian ruble may lose 10% of its value by the end of the year and another 10% in the first quarter of the next year. This will cause stagnation of the Russian economy and a possibility of a new devaluation.
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Sunday, October 25, 2009
The Vague Future of the Russian Ruble / Currencies / Russia
By: Pravda
The "profitable" Russian ruble is trying to strengthen its position against the US dollar. The situation in the internal currency market in Russia is still affected by the external environment and speculative intentions of investors. Although the prospects of further strengthening of the Russian currency are increasingly obscure, analysts believe that the price of 29 rubles per US dollar is unattainable in the near future.
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Sunday, October 04, 2009
IMF Optimistic About Russian Economy in 2010 / Economics / Russia
By: Pravda
The International Monetary Fund published a report about the situation in the Russian economy in 2010. The nation’s GDP will drop by 7.5 percent in 2009, which is a larger number than in the previous report, but a smaller one if compared with the expectations of the Russian government. As for the next year, the IMF is more optimistic about it and expects a 1.5-percent growth of the GDP.
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Friday, September 25, 2009
Financial Crisis in Russia Ruins Economies of Post Soviet States / Economics / Russia
By: Pravda
Migrant workers who earn their living in the Russian Federation sharply reduced the size of bank transfers to their families. According to the report of Asia Development Bank, in the first six months of 2009, the sum of money transferred by migrants to the countries of the Caucasus and Central Asia reduced by approximately 25 percent compared to the same period last year. However, the money transferred by guest workers is a serious support factor for the economies of post-Soviet countries.
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Monday, September 21, 2009
Russia's Crumbling Infrastructure Needs $2 Trillion for Major Modernization / Economics / Russia
By: Pravda
The 2009 Sayano–Shushenskaya Hydroelectric Power Station disaster once again made everyone think of modernization of the entire Russian infrastructure.
Thursday, September 17, 2009
Russia Loans Venezuela $2.2 Billion to Buy Russian Arms / Politics / Russia
By: Pravda
Venezuela has spent about $4.5 billion on Russia’s military hardware within the scope of 12 contracts that were officially signed during the recent several years. The Latin American nation particularly bought 24 Su-30 jets, tens of battle choppers and 100,000 Kalashnikov assault rifles.
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Thursday, September 17, 2009
Russian Oligarchs Escape from Russia Leaving Ruined Companies Behind / Companies / Russia
By: Pravda
As soon as air castles built on oil money start crumbling, Russian businessmen run to escape behind the thick walls of their oversea mansions. There they are unreachable for their creditors and police authorities. Unfortunately, debunking of mediocre management only results in the redistribution of property and does not lead to punishment.
Tuesday, September 01, 2009
The Geopolitical Western View of Russia / Politics / Russia
By: STRATFOR
A months-long White House review of a pair of U.S. ballistic missile defense (BMD) installations slated for Poland and the Czech Republic is nearing completion. The review is expected to present a number of options ranging from pushing forward with the installations as planned to canceling them outright. The Obama administration has yet to decide what course to follow. Rumors are running wild in Poland and the Czech Republic that the United States has reconsidered its plan to place ballistic defense systems in their countries. The rumors stem from a top U.S. BMD lobbying group that said this past week that the U.S. plan was all but dead.
Sunday, August 30, 2009
America's Deepening Inferiority Complex Begins to Bite Russia / Politics / Russia
By: Global_Research
Robert Bridge writes: As the US beats a path through a social, political and economic forest of epic proportions, is it mere coincidence that news stories on Russia are becoming more hostile than ever?
Strangely, the end of the Cold War did not significantly alter the Western media’s perceptions of Russia. In fact, the collapse of communism seems to have forced the American media establishment to dish out the dirt on Russia with more gusto than ever before.
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Tuesday, August 11, 2009
Russia Denies $5 Billion Secret Energy Loan to Ukraine / Economics / Russia
By: Pravda
Russia is not going to give credits to Ukraine to purchase Russian natural gas. Ukrainian Prime Minister Yulia Tymoshenko asked a five-billion-dollar loan from the Russian Federation in February of the current year. It was later reported that Russia supposedly agreed to provide such a loan if Ukraine spent $3 billion of the amount to purchase Russia’s natural gas. However, the government of Ukraine rejected the information in May.
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Thursday, August 06, 2009
Russian Tobacco Makers Relaunch Iconic Soviet CCP Cigarette Brands / Companies / Russia
By: Pravda
The Russian tobacco market has been showing a curious trend recently. The cheapest and premium class cigarette brands currently enjoy the biggest demand in Russia. Many tobacco companies focus their efforts on the inexpensive segment and resume the production of Soviet brands, BFM.ru business portal said.
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Wednesday, August 05, 2009
Putin 10 Years Turn Semi-Democratic Russia into a Authoritarian State / Politics / Russia
By: STRATFOR
This coming weekend marks the 10th anniversary of Vladimir Putin’s assumption of a leadership position at the Kremlin. Much has happened since Putin’s appointment as first vice prime minister in August 1999, but Russia’s most definitive evolution was from the unstable but semidemocratic days of the 1990s to the statist, authoritarian structure of today.
Friday, July 31, 2009
Mark Mobius Ready to Invest up to $10 Billion in Russia / Stock-Markets / Russia
By: Pravda
USA’s Templeton is ready to invest in Russia 20 percent of the portfolio, which is to be increased to $50 billion during the forthcoming two years, the head of Templeton Asset Management, Mark Mobius said.
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Tuesday, July 28, 2009
The Russian Economy and Russian Power / Politics / Russia
By: STRATFOR
U.S. Vice President Joe Biden’s visit to Georgia and Ukraine partly answered questions over how U.S.-Russian talks went during U.S. President Barack Obama’s visit to Russia in early July. That Biden’s visit took place at all reaffirms the U.S. commitment to the principle that Russia does not have the right to a sphere of influence in these countries or anywhere in the former Soviet Union.
Sunday, July 19, 2009
Russia to Stay in Recession Until 2011 / Economics / Russia
By: Pravda
Russian economists consider the current economic crisis will last long. Almost all experts predict that the Russian economy will continue to decline this year. Optimistic specialists expect this recession to stop in 2010.
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Tuesday, July 07, 2009
Where Have Russia's Vast Gold Reserves Disappeared to ? / Commodities / Russia
By: Pravda
The legend about the so-called White Guard Gold of Russia’s Admiral Kolchak, ataman Semyonov, Baron Ungern and other prominent historical persoans is still alive. Legend has it that a whole carriage of Kolchak’s gold sank in Baikal Lake at the end of 1919. Specialists continue searching for the mysterious treasure: Russia ’s renowned Mir submersibles were involved in one of the recent scientific missions to find the treasure.
Monday, July 06, 2009
Obama Throws Lasoo Around Russia's Nukes / Politics / Russia
By: Pravda
US President Barack Obama is coming to Moscow today. Russian experts do not think that the landmark visit will result in any breakthrough of relations between the two countries.Read full article... Read full article...