... sanctions have caused tens of thousands or hundreds of thousands of jobs losses — which I have read in the Russian press — is probably overstated.
But similarly, in certain EU countries and in the US, politicians over there will say that Russia’s economy is in tatters and it’s because of sanctions (the way Barack Obama put it). I don’t think that was true, either. Politicians will always exaggerate the impact of their policies. What I do — I’m not here to articulate the views of a member-state — is just look at the data, and the ...
... person does not have to be included in any reports to Congress. The current report is rather a symbolic step, a tool for informing Congress. The Treasury Department can expand the lists without any reports whatsoever. Given the openness of the Russian economy and the global integration of its elite, the use of sanctions can create problems. The sanctions imply that individual members of the elite either remain loyal to Russia, but get disconnected from global finance and other means, or retain these means, but disassociate from the Russian authorities. Being ...
The relations framework established during General de Gaulle’s 1966 visit to Russia allowed the countries to withstand the trial by sanctions
300 years of Russia-France diplomatic relations have been marked by a lot of events that seriously affected their development.
The interest for Russia seems to have reduced among the French elite, involved in foreign policy making. Leading ...
... greatest importance: restoring trade and economic ties in tourism; developing the energy dialogue in the context of Turkey's regional potential; achieving progress in issues relating to the settlement of the protracted Syrian crisis.
Lifting the Economic Sanctions, or one Good Apple in the Bunch
President Putin’s latest visit to Istanbul is of great significance for the future of Russia–Turkey relations, as it shapes the grounds for developing a new, post-November 24, 2015, agenda.
Even though ...
... people and government sounded more optimistic. What’s your opinion about Russia’s overall economic situation? Has diversification decided by President Vladimir Putin started to bear fruits?
A.K.:
The fundamental problem of the Russian economy is not in the Western sanctions. It is not even in a sharp decline of the global energy prices. In order to move ahead, Russia has to reinvent its model of economic development. The old model designed and assembled in early Putin’s years, has depleted its potential. ...
... wasted no time in developing Iran’s ties with the outside world, first welcoming the President of the People’s Republic of China on his official visit to Tehran and then setting off on a European tour himself. Now free from the burden of the sanctions, Iran, whose economy almost collapsed entirely in 2012, does not want to lose any more time and is determined to expand cooperation with its international partners.
January 16, 2016 will go down as a key date in the modern history of Iran – the day that the ...
... the situation.
A recently released
study
by the International Monetary Fund (IMF) suggests that “sanctions (and counter sanctions) could initially reduce Russia’s real GDP by 1 to 1-1/2 percent”. Yet, their effective impact on the economy and through which mechanisms sanctions will be enacted is not clear to most.
In order to cast some light on this topic, I have interviewed Birgit Hansl, Chief Economist at the World Bank for Russia and CIS countries. She also contributes to clarify some related issues and provides ...
Last week I attended a conference titled “Russia’s food market in 2015”; it was the first of a series of panels that took place in occasion of the 24th World Food Exhibition, a well-known event which brought to Moscow more than 1500 firms from over 70 countries.
At the discussion participated the Presidents of many Russian Commercial Unions in the food sector from one side and spokesmen of the Russian and Belarusian Ministries of Agriculture on the other. Issues such as the politics...
Interview with professor Sonin, esteemed economist of the University of Chicago
Russia has back fired to the western sanctions by banning the import of a wide range of food products in the context of the Ukrainian crisis. According to Russian ... ... deterioration of the economic welfare.
In order to cast light on these issues, I have interviewed an expert of political economy and trade policies, Professor Konstantin Sonin. Professor Sonin is a prominent economist, former Vice Rector of the Higher ...
... the overall economic slowdown.
Sanctions have also triggered a sort of national “industrial awakening”. Conscious of the vulnerability and dependency of its domestic market on the West, Russia has realized that it is time to diversify its economy. This has made the development of joint ventures with foreign partners possible (mainly with the Chinese but also with the Americans), especially in sectors that are under sanctions.
AFP /
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Ernesto Ferlenghi
Do you think that economic sanctions and political tensions, besides inflicting economic damages, will potentially undermine the trust of Russian businessmen in their Western partners,...
