By Pavel Felgenhauer The last two weeks in Russia were a nonstop holiday, which only ends on January 12, when the nation returns to work as usual. The banks and the stock exchange will reopen, and no one is expecting anything good to happen: The price of oil has been sliding on world markets and Russian … Continue reading
By Inna Novikova The Central Bank of the Russian Federation does not have to support the Russian economy. There is no paragraph in the Constitution of the Russian Federation (written during the 1990’s) that would tell the Central Bank to act in this manner. For what purpose did the Central Bank set the Russian ruble free? In a recent interview, … Continue reading
By Mark Galeotti Contrary to some Western hopes and the more feverish rumors within the Moscow intelligentsia, there is no imminent threat to Russian President Vladimir Putin. However, his rule is strong but brittle, and a combination of systemic pressures are eating away at the regime’s social, economic, political and geopolitical reserves. This will leave the … Continue reading
By Stephen Lendman On New Year’s eve, Bloomberg’s Josh Rogin headlined ”Inside Obama’s Secret Outreach to Russia.” Saying administration officials have been “working behind the scenes for months to forge a new working relationship with Russia…” At a time Putin bashing remains intense. Blaming him wrongfully for US crimes. Claiming he “has shown little interest in repairing … Continue reading
A behind-the-scenes look at power struggles inside the Kremlin reveals potential scenarios for the future. And a possible new president… . By Vladimir Pribylovsky Russia’s ruling structure bears the marks of authoritarianism, oligarchy, and three different presidents. Under Boris Yeltsin, rapacious despotism at the centre was accompanied by anarchical cooperatives of regional oligarchs. But Yeltsin’s rule … Continue reading
By Nick Beams World financial markets enter 2015 with a series of potential triggers for the eruption of instability and turbulence. The year has ended with Greece back in the spotlight following the calling of an early general election after Prime Minister Antonis Samaras failed in his third attempt to win parliamentary backing for his … Continue reading
China and Russia have effectively switched to domestic currencies in trading using financial tools as swaps and forwards, as they seek to reduce the influence of the US dollar and foreign exchange risks. The agreement signed in the end of October comes into force Monday, December 29, and provides a currency swap of CNY150 billion … Continue reading
By Mahdi Darius Nazemroaya A multi-spectrum war is being waged against Moscow by Washington. If there are any doubts about this, they should be put to rest. Geopolitics, science and technology, speculation, financial markets, information streams, large business conglomerates, intelligentsia, mass communication, social media, the internet, popular culture, news networks, international institutions, sanctions, audiences, public … Continue reading
The Central Bank of Russia (CBR) has launched a new SWIFT-style payment service aimed at moving away from Western financial dominance. The system is already operating, and will be fully functional within six months. “The new service was launched in order to ensure smooth and safe transmission of financial messaging within the country, and is … Continue reading
By Dmitry Kalinichenko Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB. And therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence. Any accusations against this man only emphasize his ability for quick analytical thinking … Continue reading