Why Gazprom is Losing Markets?

Why Gazprom is Losing Markets?

photo: Ricardo Cabral Fares Kilzie – CREON Energy, Chairman of the Board of Directors Kirill Rodionov – IndexBox Marketing, Oil&Gas Analyst This summer, Alexey Miller began his fourth tenure as Gazprom’s CEO. In February, he was reelected without a dissenting vote by the company’s board of directors. That was hardly a surprise; Miller is trusted by Vladimir […]

Bank of Russia: 25 years of Regulating Currency and Bank Crises

Bank of Russia: 25 years of Regulating Currency and Bank Crises

photo: Tim@SW2008 This year Russia will celebrate the 25th anniversary of the Belavezha Accords signed by Boris Yeltsin at the end of 1991. At that time, he declared declared the dissolution of the Soviet Union, and launched a series of painful but necessary reforms that turned citizens’ lives upside down. These reforms not only involved the […]

Why Russian Oil Production is on the Verge of Decline

Why Russian Oil Production is on the Verge of Decline

photo: Tim Whitlow On March 1, Vladimir Putin delivered a workshop with the leaders of the eight largest oil companies in Russia, where participants discussed a preliminary agreement between Russia and OPEC. Oil industry representatives determined they had no choice but to freeze the oil production rate at the level of January 2016. They also expressed […]

How to Reduce the APG Flaring in Russia?

The stagnation of the economy is no reason to lower ecological requirements for oil companies. On September 9 and 10, Khanty-Mansiysk hosted the Global Forum on the gas flaring reduction solutions, organized by the World Bank’s Global Gas Flaring Reduction Partnership (GGFRP). The event is conducted once every three years, and this month it was […]

For Whom the Bell Tolls, Really The Impact of the Sanctions Against Russia

The sanctions against Russia are working; but not for Russia, Ukraine, the EU, or even the US. In the 2nd quarter, Russia’s GDP contracted 4.6 percent from a year earlier, following a 2.2 percent contraction in the 1st quarter. A severe contraction was expected after the selloff in oil, currency crisis and the consequent plunge of consumer […]

Tales of Globalization: Russia and China

The end of 2014 marked the 23rd anniversary of the dissolution of the Soviet Union and the establishment of the Russian Federation. Like Chinese leaders in the previous decade, Russian policymakers faced the challenge of integrating their nation into the global economy. Russia’s trade openness (exports and imports scaled by GDP) grew from 26% in […]

Ukraine, Russia and the West

Ukraine faces interdependent military, political, and economic problems of enormous magnitude. Its territory has been invaded and occupied by a powerful neighbor, and armed separatists and Russian forces control territory in eastern and southern Ukraine. Since April of this year, more than 3500 people have died from the violence according to UN human rights observers. […]

Can Russia Escape Dollar Dependence?

Russian president Vladimir Putin is determined to wean his country off the dollar, or so he says. In July, after insisting that the international monetary system depended too much “on the U.S. dollar, or, to be precise, on the monetary and financial policy of the U.S. authorities,” Putin signed off on a new BRICS development […]

What Went Wrong? Russia Sanctions, EU, and the Way Out

Without a diplomatic solution, the sanctions against Russia will have an adverse impact on its economy, but could also push Europe to a triple-dip recession.  Last March – after months of escalation in the Crimea and Eastern Ukraine – President Obama initiated sanctions against Russia in financial services, energy, defense and related materials sectors. New […]

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