Is the West Risking Financial Blowback From Sanctions on Russia?

The spectacle of insanely authoritarian policing in Ferguson, as well as media jitters over ISIS and ongoing reports of action in Gaza and Ukraine, has shifted attention a bit away from simply lousy economic results from Europe. A Financial Times overview: This year was supposed to be the year the eurozone recovery took root – gathering […]

Japan Finally Gets Tough On Russia

By Amy Gleich: Last week in Tokyo, during a meeting of Prime Minister Shinzo Abe’s cabinet, Japan chose to impose harsher sanctions on Russia. The decision took effect immediately after the meeting on August 5. The sanctions focus on 40 individuals and two companies. A statement from the Japanese government outlined the scope of the sanctions, saying “assets held […]

Putin Hails ExxonMobil’s ‘Cooperation’ in Arctic Despite Sanctions Regime

By Andy Tully: Russian President Vladimir Putin is praising ExxonMobil as a paragon of “cooperation” for beginning work on a project to drill for oil in the Arctic despite stiff Western sanctions on Russian oil companies. “Today, commercial success is driven by efficient international cooperation,” Putin said July 9 from his Black Sea residence in […]

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 […]

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 […]

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