Tag "Putin"
Russia faces expanding regional debt crisis
Recent data released by Russia’s Court of Accounts indicates that the country’s regional governments are facing crisis situations with regional debts. In the past year, the level of total regional
Sanctions on Russia also hit foreign investment
On 28 April 2014, the U.S. launched its third round of sanctions on Russia, aimed at President Vladimir Putin’s cronies and their businesses. As the situation continues to deteriorate, investors
Sanctions against Russia cause greater capital inflows to Brazil
The Russian Federation’s actions in the Crimea continue to reverberate throughout the world. Far away from Eastern Europe, even Brazil is likely to feel the effects of Russian choices as short-term
Ukraine crisis makes Russia look east
After Western leaders talked last week about penalizing Russia further, President Vladimir Putin asked for a diplomatic resolution on the Ukraine crisis. Yet, a Russian move towards ‘Eastern allies’ is still on the table.
Taking Crimea may throw Russia into recession
Russian leaders may celebrate annexing Crimea, but it will cost the Russian economy. Already weak, this latest move threatens to send the country into recession. Following the successful referendum on Crimean independence and
Lack of energy sector reform holds back Russian economy
Russia remains a leading worldwide energy exporter, but its energy sector remains a laggard in desperate need of modernization. Governmental corruption and a restricted domestic market both stand in the
Crimea referendum shows shift in Western-Russian relations
Crimeans vote on whether they want to stay part of Ukraine or join the Russian Federation this weekend. Regardless of the outcome, which Western leaders have already decried as illegitimate,
Corruption remains key to Russia’s economic stagnation
Corruption is widespread throughout the executive, legislative and judicial branches at all levels of the Russian government. The Russian authorities recognise that corruption is a major problem and have implemented a
Northeast Passage to revolutionize global shipping
Developing the Northeast Passage could revitalize Arctic regions, allow the shipping industry to bypass politically unstable areas and reduce travel costs and carbon emissions. But the project is dependent on
Dreams of tourist-friendly North Caucasus hard to realize
North Caucasus hopes to use the Sochi Winter Olympics to attract investment through improvement in tourism. Yet, insecurity, corruption and broken infrastructure make such dreams difficult to realize. The President
