Latest News for: Russian economic

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Sanctions slow burn gives Putin more time to be defiant, for now

Stars and Stripes 19 May 2022
While that slow-motion shock still may not be enough to force Putin to change course over Ukraine, the economic pressure on the Kremlin is set to rise sharply later this year, particularly with the European Union now discussing an embargo on Russian oil ... prepares to end key bond waiver US to ease a few economic sanctions against Venezuela.
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Russia’s economic outlook looks gloomy as prices soar

The Telegraph India 19 May 2022
After sanctions hobbled production at its assembly plant in Kaliningrad, the Russian automaker Avtotor announced a lottery for free 10-acre plots of land — and the chance to buy seed potatoes — so employees could grow their own food in the western-most fringe of the Russian empire during “the difficult economic situation”.
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India looks to scoop up divested Western assets in Russia – media

Russia Today 19 May 2022
India’s Oil and Natural Gas Corporation (ONGC) is considering purchasing additional stakes in Russian oil and gas fields from Western firms that plan to leave the country, the Economic Times (ET) reported on Thursday, citing people familiar with the matter.
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Russian Trade Minister Hints the Country Could Legalize Crypto Payments

FX Empire 19 May 2022
The central bank was entirely opposing crypto regulation until numerous economic sanctions changed the sentiments. The Russian authorities, so far, have been highly vocal in support of cryptocurrencies. Especially, the pile-up of economic sanctions following the ongoing invasion of ...
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Russia Moves Dodge US Sanctions Aimed at ‘Crippling’ Oil Sector by Filling Up PRC’s Reserves: Report

Sputnik 19 May 2022
The Biden administration banned Russian oil imports in March, and expressed confidence in April that its European allies would eventually follow suit. On Tuesday, Vladimir Putin said an EU decision to commit “economic suicide” by banning Russian energy was the bloc’s “internal affair,” and that Russia would proceed from its own economic interests.
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India's ONGC eyes more Russian energy assets: Press

Natural Gas World 19 May 2022
Indian state-run oil and gas company ONGC is looking to place more bids for stakes in multiple Russian oil and gas fields, Economic Times reported on May 19 ... as western oil companies exit Russia in the wake of the Ukraine invasion, Economic Times added.
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UK sanctions Russian airlines to prevent them selling landing slots

RTE 19 May 2022
"We've already closed our airspace to Russian airlines ... "Every economic sanction reinforces our clear message to (Russian President Vladimir) Putin – we will not stop until Ukraine prevails.".
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EU rushes out $300 billion roadmap to ditch Russian energy

Federal News Radio 19 May 2022
BRUSSELS (AP) — The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more efficient use of fuels and faster rollout of renewable power.
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Putin’s Mistake, by Paul Craig Roberts

The Unz Review 19 May 2022
Despite these hard characterizations of the Russian leader, the Kremlin has only recently given up on negotiating peace with the West and with the West’s Ukrainian puppet ... Putin seems unable or unwilling to get rid of those Russians who constrain Russian foreign and economic policy in the West’s interests.
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Russian Foreign Ministry Lodges Protest Over Latvia's Decision to Demolish Soviet Memorial

Urdu Point 19 May 2022
The Russian Foreign ... Responding to Riga's decision, Andrey Klimov, the chair of the Russian upper house commission for the protection of the state sovereignty, told Sputnik earlier that Latvia should be "persuaded" by imposing extremely tough measures, including economic sanctions.
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AP News Summary at 1:57 p.m. EDT

Napa Valley Register 19 May 2022
Yuliia Paievska is now in Russian hands, and Mariupol is on the edge of falling ... The footage shows her treating wounded Russian soldiers as well as Ukrainian civilians. The 53-year-old medic last was seen March 21 on Russian television as a captive, handcuffed and with bruises on her face.
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‘I’m wondering when we voted to go to war?’ – US Congressman

Russia Today 19 May 2022
Aside from supporting the $40 billion package making its way through Congress, the Biden administration has already given Ukraine nearly $4 billion worth of weapons since February, has placed an embargo on Russian oil and gas imports, and has imposed several rounds of economic sanctions on Moscow.
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Liberty in Georgia

Daily Breeze 19 May 2022
Throughout Tbilisi, graffiti reading “F——— Russia/Putin” and “Rasha Go Home” can be seen fairly often, the latter being a reference to the tens of thousands of Russians who have moved to Tbilisi since the start of the war ... Economic freedom in Georgia ... Still, on the economic front, Georgia’s free market-oriented policies remain largely in place.
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EU parliament votes to sanction Germany’s ex-chancellor

Russia Today 19 May 2022
The former chancellor has so far resisted the pressure, maintaining that one “cannot isolate a country like Russia in the long run, neither politically nor economically” and Germany would need Russian energy to “keep the economy going.”.
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EU unveils energy rationing plan

Beijing News 19 May 2022
With consumers across the EU already grappling with skyrocketing inflation and record fuel prices, Russian President Vladimir Putin said on Tuesday that European countries are committing economic "suicide" by trying to wean themselves off Russian oil and gas, accusing them of ...

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