Latest Articles about Russia

Russian Economy Slows Down, but Protest Activity Remains Feeble

The new economic data released by the Russian Federal Service of State Statistics (Rosstat) last week surprised even the doomsayer-economists, who have become the mainstream in this discredited profession. The key statistic was the drop in industrial output in January by 16 percent compared with... MORE

Russia Enters Global LNG Market Thanks to Foreign-Built Plant

Russia's first-ever plant for liquefied natural gas (LNG) was inaugurated near Yuzhno-Sakhalinsk on February 18 in the presence of Russian President Dmitry Medvedev, Britain's Prince Andrew, Netherlands Economic Affairs Minister Maria van der Hoeven, and Japanese Prime Minister Taro Aso. The plant will process gas... MORE

Turkey and Russia Developing a New Economic and Strategic Partnership

Turkish president Abdullah Gul paid a four-day visit to the Russian Federation from February 12 to 15, marking the flourishing multidimensional relations between the two countries. Gul met with Russian president Dmitry Medvedev, Prime Minister Vladimir Putin, and other officials and also traveled to Kazan,... MORE

Russia’s Air Force Modernizes for a “Virtual Cold War”

Russian Deputy Prime Minister Sergey Ivanov confirmed on February 9 that the Ministry of Defense (MOD) has decided to purchase 34 MiG-29SMT Fulcrum fighter aircraft originally intended for delivery to Algeria. The contract agreed upon by Russia and Algeria in 2006 was reportedly worth 25... MORE

Bulgaria’s “Overgas,” a Russian Spy in Canada, and Gazprom

In February 2009, after the Ukrainian-Russian gas conflict ended and deliveries of gas were restored to Bulgaria, Bulgarian officials announced that they would once again seek to remove two middleman companies-Overgas, Inc., and Wintershall Erdgas Handelshaus Zug AG (WIEE)-from the gas supply chain between Russia... MORE

Russia Pledges to Rescue Post-Soviet Economies

Russia has pledged to finance a rescue fund to bail out its allies within the Eurasian Economic Community (EEC), as those former Soviet states now face an increasingly adverse economic environment against the background of the continuing global financial meltdown. At a summit meeting in... MORE

Nord Stream in the Russo-German Special Relationship

A former Stasi (East German secret police) officer and current Nord Stream general manager Matthias Warnig traveled around the world this week to promote that Russo-German gas transport project on the Baltic seabed. Warnig now also serves as an "independent member" of the board of... MORE