Who Needs Russia? Ukraine Will Destroy Itself With New Gas Tax

Ukraine doesn’t need Russia to take it down—Kiev is doing fine destroying itself, most recently with a new tax code that doubles taxes for private gas producers and promises to irreparably cripple new investment in the energy sector at a time when reform and outside investment were the country’s only hope. Ukrainian President Petro Poroshenko […]

Russia’s Eurasian Vision

NEW YORK – The escalating conflict in Ukraine between the Western-backed government and Russian-backed separatists has focused attention on a fundamental question: What are the Kremlin’s long-term objectives? Though Russian President Vladimir Putin’s immediate goal may have been limited to regaining control of Crimea and retaining some influence in Ukrainian affairs, his longer-term ambition is […]

Links and Levers: How the Caucasus and Central Asia Are Tied to Russia

By Alberto Behar: (Version in Русский) The countries of the Caucasus and Central Asia (CCA) are closely linked with Russia through trade, financial, and labor market channels. These ties have served the region well in recent years, helping it make significant economic gains when times were good. But how is the region affected when Russia’s economy slows […]

Europe’s Russian Connections

By Aasim M. Husain, Anna Ilyina and Li Zeng: The conflict in Ukraine and the related imposition of sanctions against Russia signal an escalation of geopolitical tensions that is already being felt in the Russian financial markets (Chart 1). A deterioration in the conflict, with or even without a further escalation of sanctions and counter-sanctions, could have a substantial […]

Poland Says Russian Produce Ban Is Payback for Sanctions

By Andy Tully: Warsaw says Russia’s ban on most fruit and vegetable imports from Poland has nothing to do with food safety, as Moscow contends, but is political retaliation for new, tough Western sanctions on Russia, particularly its lucrative oil sector. Alexei Alekseenko, a spokesman for Russia’s Veterinary and Phytosanitary Surveillance Service, issued astatement on July 30, a […]

The EPA Holds the Key to Effective Sanctions Against Russia

There now seems to be general consensus amongst the United States and many European nations regarding the actions of the Putin regime in Eastern Ukraine and what should be done about them. Tragically, It took the downing of a civilian plane and the loss of 298 innocent lives, but there is finally agreement that something […]

Rosneft Scoffs At U.S Sanctions, Says Western Investors Could Suffer

By Andy Tully: Rosneft, Russia’s government-owned oil giant, says news U.S. sanctions imposed because of Moscow’s suspected role in the continuing fighting in Ukraine are not only “illegitimate,” but they also won’t work as Washington intended. On July 16, the Obama administration imposed its strictest sanctions yet on Russia, including denying Rosneft access to American debt or […]

Russia Touts South Stream Pipeline as Europe’s Gas Lifeline

By Andy Tully: Russia is mounting a major publicity campaign in Europe for its proposed South Stream gas pipeline in an apparent effort to reassure its EU customers that they can rely on Russian gas for the indefinite future. The reason for Moscow’s public relations efforts is the continuing unrest in Ukraine. EU countries now […]

As Russia’s Isolation Grows, Oil Companies Caught in Middle

By Nick Cunningham: The confrontation between Russia and the West took a turn for the worse with the downing of a Malaysian airliner on July 17, and that could spell trouble for several major oil companies operating in Russia. Just one day earlier, U.S. President Barack Obama slapped sanctions on Russia over its ongoing role […]