MOSCOW - The situation in Russia is not just bad, but downright ugly. The main reason for the poor state of the Russian economy is the lack of an effective system for protecting property rights. The gradual dismantling of state institutions led first to a decline in investments, then to a sharp drop beginning in 2013, and finally to massive capital flight, with economic growth slowing to a halt by mid-2014.
The number of Russians now living below the poverty line is increasing in tandem with the number of Russian air strikes in Syria. Moscow is financing its military buildup and operations through cuts to the already woefully underfunded sectors of education, health care and infrastructure.
Browder was the largest foreign investor in Russia until 2005, when he became blacklisted from Russia as a "threat to national security." He has since emerged as one of Putin's most strident critics, and a prominent human rights activist.
Is the Russian Ruble becoming financial rubble as consequence of targeting by the U.S. and its allies? The dramatic fall in oil prices and commensurate drop in the Russian currency, is this coincidental to broader global economic trends or an orchestrated assault?
Although the ruble has stabilized in the last few days, fear of economic collapse has reverberated across Europe and many
How many dollars a ruble will buy? Not many. The 1998 crisis brought down hedge fund Long Term Capital Management, which
President Obama detailed the new sanctions the U.S. will be imposing against Russia.
The Russian economy may not be able to finance the Kremlin's ambitions in Eastern Europe for much longer because the country's oil and gas output is no longer a strong support of growth.
ST PETERSBURG, April 24 (Reuters) - Russian President Vladimir Putin said on Thursday that sanctions were hurting the Russian
Prokhorov himself has not been hit by Western sanctions and, although he ran against Putin in the 2012 presidential election
The financial crisis dealt a blow to the upper crust of Russia's financial elite last year, diminishing the worth of the
In Russia, economic health and political stability are intertwined to a degree that is rarely encountered in other major industrialized economies.
The second trial of former oil tycoon Mikhail Khodorkovsky, which kicks off with preliminary hearings Tuesday, offers a test