Latest Articles about Economics

Russia’s Hired Lobbies in the West

Russia's attempts to promote a positive image of being a "reliable energy supplier" as well as a safe and profitable haven for foreign investments have played a significant role in Russian policy. To achieve this goal the Russian government and state-owned companies have hired Western... MORE

Skype and ICQ Face Ban in Russia

When the Russian state initiates an executive order to inspect citizens' mail (EDM, July 21), it is the regime's idea of business as usual. However, when big business initiates harsh legislation to ban foreign competition and invokes national security as the rationale, it might seem... MORE

Gazprom’s Investment Strategy Runs out of Steam

Russian state-run gas giant Gazprom has cut its investment program in response to the difficulties it faces in the current economic downturn. These cost-saving measures contrasted sharply with Gazprom's pledge last year to become the world's largest company. Such efforts were supported by the Russian... MORE

Russia-Germany: an Asymmetric “Strategic Partnership”

Russian President Dmitry Medvedev and German Chancellor Angela Merkel headed large governmental delegations for bilateral talks on July 16 in Munich. The process, known as Russo-German inter-governmental consultations, involves informal semi-annual summits at which leading business representatives join the cabinet ministers on either side. The... MORE

Erdogan Offers Turkish Mediation in Israeli-Syrian Talks

Prime Minister Recep Tayyip Erdogan paid a one-day visit to Syria, which involved discussions on Turkey's mediator role between Israel and Syria. Erdogan and the Syrian President Bashar Assad discussed bilateral relations, regional developments and Turkey's peacemaking role in the region. Assad requested Turkey's mediating... MORE

Russian “Water,” Machismo and National Decay

One traditional resource which Russia has valued beyond hydrocarbons and land is vodka, the nation's traditional moral and physical painkiller. Nikolai Kostomarov, a nineteenth century Russian historian, wrote that at the dawn of Russian history a feast was a major social event, with the goal... MORE