Russian economy

The Obama administration still sticks to the Cold War 2.0 script on Russia.
 

The bottom line is that in 2016 the option will continue to be stark; it’s either the hegemony of the War Party – with the subtext of a Washington “willfully” condoned Salafi-jihadi “offer” to young, disaffected Muslims; or the vision of a full, prosperous trade/commerce/communication network for the whole of Eurasia. Ladies and gentlemen, place your bets.  

 
by Pepe Escobar

RT | June 15, 2015 Russian oil major Rosneft and BP are close to signing a $700 million deal for BP to acquire a 20 percent stake in the Taas-Yuriakh Siberian oilfield, reports the FT. The deal could be announced this week at the St. Petersburg International Economic Forum. The introduction of EU sanctions against […]

Russian President Vladimir Putin (R) and Iranian President Hassan Rouhani (RIA Novosti – Aleksey Nikolskyi) RT | April 14, 2015 Russian President Vladimir Putin’s press secretary, Dmitry Peskov, confirmed the oil-for-goods deal between Moscow and Tehran is “absolutely” a reality and has begun. Russia has started supplying grain, equipment and construction materials to Iran in […]

RT | November 24, 2014 Russia is losing around $40 billion a year due to Western sanctions, but they are not as critical to the economy as lower oil prices, which add $90-100 billion in losses, says Russian Finance Minister Anton Siluanov. “We lose about $40 billion a year because of the political sanctions and […]

Image: Four oligarchs very close to Putin: Guennadi Timtchenko, Iouri Kovaltchouk, Igor Setchine and Arkady Rotenberg (Image credit: voltairenet.org)
 
 

The restoration of Russian power engineered by Vladimir Putin is compromised by the economic war waged against him by the United States and the European Union. Western aggression, observes Professor James Petras, will compel Russia to either eliminate the oligarchs on whom it has relied so far or die.

RT | September 18, 2014 President Vladimir Putin has said that sanctions against Russia directly violate World Trade Organization (WTO) principles, and that Russia will continue to defend its economy with protective measures. The sanctions violate the main principles of equal access for all WTO members to economic activity and access to goods and services […]

RT | September 8, 2014 Prime Minister Dmitry Medvedev has warned Russia may shut its air corridors to Western airlines if the next round of European sanctions hit Russian energy companies. “If there are sanctions related to the energy sector, or further restrictions on Russia’s financial sector, we will have to respond asymmetrically,” Medvedev said […]

RT | July 28, 2014 The Hague’s arbitration court was not legally empowered to view the case of Yukos Oil Company v. Russia, and the court’s “one-sided” ruling disregards previous Strasbourg court decisions on the issue, the Russian Finance Ministry said in a statement. Viewing the case, filed by shareholders of former Russian oil giant […]

RT | July 12, 2013

According to declassified data Russia holds 17 billion tons of oil and 48 billion cubic meters of gas. Moscow believes revealing the extent of the vast reserves will lead to a surge of investment in the extraction and production of hydrocarbons.