Crisis? What Crisis?: Russia`s Economy at the end of Q3

Students of British history will not soon forget the glib remark by Prime Minister Jim (a.k.a. "Sunny Jim") Callaghan, following a 1979 return from the Caribbean to a nation beset by winter strikes, increased inflation and a faltering economy. "Crisis? What Crisis?," said Callaghan. And voters soon gave him the boot. Now in the face of rising food prices, economic challenges and sanctions, it appears that R ...

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Not waving, just drowning: Further bad news clouds the Russian economy

Russia`s reaction to the introduction of western sanctions, largely following the downing of a civilian airliner MH-17, led to it placing an embargo on food imports from the EU. This led to a significant increase in food prices borne by Russians and was further compounded by a collapse in the Russian ruble both in the run up to Christmas last year - and, despite a modest recovery, is continuing its slide – ...

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Modern Day Kremlin watching: back to the future

The national interest is thus replaced by money interests. This makes today`s Kremlin watching difficult as not all the various economic interests are obvious – some are hidden and some players have multiple conflicting interests, both economic and political. A return to Kremlin watching should not be grounds for misplaced optimism of so called hardliners being sidelined. Instead a closer look at “following ...

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Russia and Ukraine: That Reichenbach falls moment?

The town of Reichenbach and the falls are known the world over as the setting for a fictional event: it is the location where Sir Arthur Conan Doyle's hero, Sherlock Holmes, fights to the death with Professor Moriarty, at the end of The Final Problem, first published in 1893. For reasons of balance, let us avoid saying which of the countries above represents Holmes and which Moriarty but Russia and Ukraine ...

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