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looking beyond borders

foreign policy and global economy

Archive for the tag “rouble”

Has Summer Brought A New Optimism About The Russian Economy?

Markets have soared: the ruble is the best-performing emerging market currency this year, up over 20 percent since late January against the dollar, and equities have posted double-digit gains. Russian markets have benefited from a range of macroeconomic and technical factors—a moderate pickup in oil prices, a search for yield by investors punished by low or negative interest rates in the industrial world, and a sense that the worst effects of the sanctions are in the past.

Read Here – cfr,org

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Russians Are Facing A Stark Choice

Russia’s recession, then, will be sharper, longer, and more painful than initially anticipated. And it’s not just because of the “meddlesome” West or its financial sanctions. Russia is squarely in the crosshairs of some ongoing changes in the world economy, changes that are going to make the next few years a lot more challenging than the past few.

Read Here – The Moscow Times

New Military Equipment or Saber-Rattling? Russia Must Choose

Russia’s economic crisis is forcing the government to trim its prized defense budget, and if the situation worsens, President Vladimir Putin may have to choose between his current saber-rattling and buying the new equipment his Soviet-style forces have been promised. Back in 2011, when relations with the West were relatively tranquil and Russia’s shows of force less frequent, Putin pledged to carry out a massive rearmament campaign with 20 trillion rubles ($370 billion) dedicated to buying new military hardware through 2020.

Read Here – Moscow Times

Putinmania

For most of the West, Vladimir Putin is a bogeyman. His love affair with the thuggish separatists in eastern Ukraine has blotched his image across the democratic world. In November, he had to slink away prematurely from the G20 Summit in Australia after he was snubbed by just about every leader who counted. Yet the reception he got during his state visit to Egypt earlier this week couldn’t have been more different. The state-run media in Cairo fawned over the Russian president. Putin’s portrait adorned the streets of Cairo, and one newspaper even printed photos of him with his torso bared.

Read Here – Foreign Policy

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