Search Results for: President Vladimir Putin
Russia’s economic crisis: five key charts
December 18th, 2014
Russia and its president, Vladimir Putin, have been left out in the economic wilderness as sanctions imposed by the west, a tanking oil price, and plunging rouble take their toll. Here are five key charts. Growth in Russia is ...
Who Are the Winners of Russia’s Ruble Meltdown?
December 18th, 2014
The Russian ruble‘s spectacular falls this year have been relentlessly portrayed as bad news. But with the ruble now down some 45 percent against the U.S. dollar since January, are there no winners? Companies that produce in Russia but sell abroad are bound ...
As Ruble Falls Even Teeth Cost Too Much to Fix
November 19th, 2014
In Rostov-on-Don, a Russian port city of 1.1 million people just east of the Ukrainian border, signs of the fallout from the ruble’s collapse are everywhere. There’s the 27-year-old entrepreneur whose storage facility is packed to the ceiling with ...
Further economic sanctions on Russia not planned, Merkel says
November 11th, 2014
Germany’s Angela Merkel said on Tuesday there were no plans at present for further economic sanctions on Russia over Ukraine but she was unhappy that a ceasefire agreement was being broken and that pro-Russian rebels had gone ahead with ...
Russia: Court Rules Against Tycoon
October 31st, 2014
A Moscow court on Thursday ruled in favor of nationalizing a Russian billionaire’s majority stake in the oil producer Bashneft, one of the country’s largest private oil companies. Prosecutors last month placed the billionaire, Vladimir P.Yevtushenkov, the head of ...
Russian Cheese, Anyone? Imports Hard to Replace in Moscow
October 30th, 2014
Nikolai Borisov, the proprietor of three Italian restaurants in Moscow, has been forced to take Gorgonzola cheese and Parma ham off his menus after PresidentVladimir Putin banned some food imports in August. “You can make pizza using Russian cheese, ...
UK blocks €5bn Russian North Sea deal
October 16th, 2014
The UK has blocked a €5bn deal by Russian billionaire Mikhail Fridman to acquire gas fields in the North Sea, as even private Russian companies with no connection to Russian president Vladimir Putin’s inner circle fall victim to the ...
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
October 16th, 2014
From Moscow to Caracas, Riyadh to Baghdad, in Tehran, Algiers, Kuwait City and Lagos, officials are confronting the plunge in prices — roughly 25 percent since a peak in June. A steep decline in oil prices is straining the ...
Ruble Risks Betrayal at Home in Nation’s Rush for Dollars
October 13th, 2014
More Russians are beginning to keep their cash in dollars and euros as the ruble tumbles to records amid central bank efforts to maintain control over the pace of the decline. The number of people with foreign-currency holdings rose ...
Russian lawmaker drafts bill on Foreign-Asset Freeze
September 26th, 2014
A member of Russia’s ruling party proposed a law that would allow the seizure of foreign states’ assets in the country after the U.S. and its allies targeted President Vladimir Putin’s inner circle including a childhood friend with asset ...
