... next month we are opening our office in Saint Petersburg – our network is growing. The strategy for ICBC group in the Russian market is very clear. We consider Russia our strategic important market and are planning to invest more into Russian economy.
Rashid Alimov:
Kill both Symptoms and the Root of the Evil
What measures should be taken to bring Russia-China relations to the next level?
The first thing we should work on is the improvement of communication and mutual understanding. If we ...
... of the last two sections of the memorandum in question.
Russian Foreign Policy Achievements
Russia’s foreign policy in the past decade was successful by and large and quite masterful at times. It largely matched the world challenges. A stagnant economy was the weak link. Foreign policy has compensated for that weakness so far. But this resource is now close to exhaustion. The country has regained its military potential at a qualitatively new level and at still tolerable costs. The expansion ...
... your mind, have these sanctions been effective in any way? And what can be done today to break the deadlock and re-establish sound economic relations between EU countries and Russia?
A.K.:
The sanctions did have a serious negative impact on the Russian economy. However, they failed to change the Russian position in Ukraine or to erode the popularity of President Putin inside Russia. Today the position of the European Union is that the lifting of sanctions depends on the full implementation of the Minsk ...
... 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 ...
A fairly alarming picture of the future, replete with conflicts
Of course, the 100 years indicated in the title of the project is merely a poetic metaphor. In reality, we can only speak with some degree of certainty about two far closer forecasting horizons.
One is five or ten years away.
Let us assume that very soon somebody will win and somebody will lose the civil wars raging in the Middle East. Let us further assume that the conflicts that are tearing this world apart will be settled, or at...
... within the framework of the Union allows to reduce significantly transaction costs across the space of a huge market of 180 million people, to remove barriers to the movement of capital, goods and labor, which can become a significant stimulus for the economy of Russia and its neighboring countries. Implementing this strategy, however, faces certain constraints and requires a significant effort, first and foremost, in ensuring security in Central Eurasia. No development is possible without security ...
... with its partner countries, and to establish joint Euro-Asian corporations in order to defend their economic interests in foreign markets.
Alexei Dzermant:
Belarus views the EEU as an economic union that can survive global turbulence. The Belarusian economy is open and export-oriented, so the EEU is expected to offer opportunities for equal access to markets, for cooperation, and for concerted industrial and financial policy. As a result, the EEU should become a significant economic pole on a global ...
... 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 ...
Russia's financial ombudsman warned Friday that a mass withdrawal of banking licenses from Russian lenders was damaging the country's small businesses.
The Central Bank has revoked the licenses of more than 150 banks since the start of 2014 — including three banks on Friday alone — in a bid to clean up a sector riven with suspicious trades and creative accounting.
But the high tempo of the purge is damaging the companies these banks serve, the ombudsman, Boris Titov, said Friday, according...
... their investments in old projects because it would be unreasonable to lose the advantages they already enjoy in Russia.
Сompanies have had to adapt, to change the system for supply of parts that used to be brought from Europe.
Russia and Germany. Economy and
sanctions 2014-2015
The emerging situation is negative but stable and there is a growing sense that one has to work with what there is. Let us hope that this kind of stability will prompt other foreign companies to enter the Russian market....
