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- Gazprom's Recent Deals Should Be a Red Flag to the Rest of Europe
- Craig Pirrong submits: In potentially ominous news, Gazprom has entered an agreement with Azeri national energy company SOCAR to purchase Azeri gas at a price of $350/thousand cubic meters. Initial volumes of 500 mcm for 2010 are modest, but Gazprom is allegedly to be a preferential buyer (whatever...
- External links 2009-07-02
- Upholding the Sanctity of Contracts: Is Gazprom Listening?
- Craig Pirrong submits: I don’t know whether to laugh or cry at Dmitri Medvedev’s stirring defense of the sanctity of contracts: President Dmitry Medvedev on Monday accused Ukraine of seeking changes to a contract for the transit of Russian gas across its territory, the latest row over...
- External links 2009-09-08
- Russian Economy: Medvedev Delivers Devastating Diagnosis, But No Solutions
- Craig Pirrong submits: I don’t watch much TV, and medical shows have always been near the bottom of my list of things to watch. But one show that I find entertaining from time to time is House. It’s about a quirky (and now, apparently, actually delusional) physician...
- External links 2009-09-12
- Russia and Russian Business Gets a Taste of Its Own Expropriation Medicine
- Craig Pirrong submits: Russia, and Oleg Deripaska’s RusAl, is getting a taste of its own medicine of expropriation. The government of the African country of Guinea voided the sale to RusAl of a large alumina smelter there. And Russia is none too happy about it: ...
- External links 2009-09-14
- More GM Magna-Fallout: What Russia Will Have to Learn
- Craig Pirrong submits: Vladimir Putin is whining, predictably, about the GM board’s decision to terminate the sale of Opel: "We will have to take into account this style of dealing with partners in the future, though this scornful approach toward partners mainly affects the Europeans, not us,” Putin told...
- External links 2009-11-08
- Rampant Theft and Bribery Make It Difficult to Transform Russia's Economy
- Craig Pirrong submits: Yes, Russia can breathe easy. Even when it comes to corruption, it’s not the worst! Bad, tied for 146th out of 180, according to an average of surveys assembled by Transparency International, but not the worst. Indeed, not even the worst in the...
- External links 2009-11-19
- Biden Calls It Wrong on Russian Economy
- Craig Pirrong submits: Joe Biden has attracted a lot of attention with his prediction that Russia’s “withered” economy would give us a decisive advantage in our relationship with it. I think Biden is wrong, because he has committed the cardinal sin of projecting our logic on the Russians....
- External links 2009-07-29
- Putin's Junior Partner Speaks Out on Russian Business
- Craig Pirrong submits: Dmitri Medvedev continues his split personality performance, sounding liberal on economic matters, but a chest-thumping Russian nationalist on foreign policy, especially on matters related to the near abroad. The tragedy is that his economic pronouncements have virtually no possibility of being implemented, but that his...
- External links 2009-08-12
- Russian Economy: No Green Shoots on the Steppes
- Craig Pirrong submits: Although there are fleeting, ambiguous signs of recovery in the US, Germany, and France, conditions are far more bleak in Japan–and Russia. Russian retail sales continued their steep fall: Russian retail sales dropped the most in almost ten yeas in July, sliding for...
- External links 2009-08-21
- Russia: No Money, No Problem?
- Craig Pirrong submits: I asked a Russian friend how the financial and economic crisis had affected the regional art center in the Urals where she works. She said that she and her colleagues were coping with typical Russian resignation, and had made “??? ?????, ??? ???????” (”No money,...
- External links 2009-08-27
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