... North Atlantic Drilling Limited on the exchange of assets and investments.
The political tensions brought about by the situation in Ukraine led to a number of governments, including those of the United States, the European Union and Norway, imposing sanctions against Russia in various sectors of the economy during the second half of 2014. These included embargoes on the supply of equipment and technology, as well as bans on companies providing services for projects to develop offshore oil resources ...
... difficult times and its growth potential is looming. The World Bank
expects
its GDP to contract by 3.8 percent in 2015 and 0.3 percent in 2016, but swings in oil price will ultimately determine the outcome. In this context, the presence of economic sanctions contributes to worsening 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,...
... inflaming an already intense situation, by allegedly planting snipers, in unmarked uniforms, around Maiden Square, during the public meeting in February 2014 and then having their hired guns, pick off people in the crowd. Mr. Putin gets the blame – sanctions are initiated The EU leaders and the US admin then immediately blamed Mr. Putin as culprit, for initiating that incident: with both Secretary of State, John Kerry and President Obama going on a withering verbal, undignified and wholly undiplomatic ...
A few days ago the Centre of Strategic and International Studies published a detailed analysis on the results of the economic sanctions imposed on Russia. Its author, Simon De Galbert, gave also some policy recommendations in case some future scenarios will materialize. Here I report the main points.
• Transatlantic sanctions adopted against Russia, a strategy of hard ...
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 authorities, this is a two-fold policy: on the one hand, it is economically non-profitable for the targeted countries, whereas,...
... Ferlenghi
, President of Confindustria Russia, the association of Italian businesses operating in the Russian Federation shares his views on current events and the future of Russian-Italian relations with RIAC.
Mr. Ferlenghi, in the light of the economic sanctions imposed by Western countries, how do you evaluate the current economic crisis in Russia?
In my opinion, this crisis is different from the one I witnessed in 1998. For the first time, not only difficult economic conditions such as the dramatic ...
... the Malaysian airplane MH17 in July 2014 marked a clear turning point in the context of the Ukrainian crisis. The EU leaders put aside their divisions and adopted a resolute approach on Russia for the first time. Russia’s partial isolation, the sanctions’ escalation and the crucial deterioration of the relation with the EU began with that.
More than a year has passed since then but tensions are far from ending. Amid Russia’s veto for setting up a UN backed tribunal prosecuting ...
That many in the EU countries don’t support the sanctions’ escalation with Russia should not come as a surprise. Besides their evident lack of effectiveness in changing Russia’s behavior, economic backlashes are convincing people that they might not be the most appropriate instrument, especially ...
On August 4 last year, Vladimir Putin responded to the latest round of sanctions levied against his regime by imposing a ban on the import of food products from the EU, the US, and their supporters. The disruption of commerce was worth approximately $12 billion to the Russian economy, with secondary effects in the targeted ...
