Tag Archives: central_bank

NY Dispatches: Russia’s growing Welfare Fund

Russia’s frugal fiscal planning and the recovery of oil prices may land some extra money for the government to spend in the next two years, before the 2021 legislative election. Who gets this money, when and how will say a … Continue reading

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Putin’s endgame? Part 2: the problem of institutions

In the second part of No Yardstick’s series on the issues shaping Vladimir Putin’s fourth presidential term, we now look at the composition of the new Russian government, formed in May, and through it, the problem of institutions. The new … Continue reading

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Putin’s endgame? Part 1: the problem of power

In the first part of No Yardstick’s series on the issues shaping Vladimir Putin’s fourth presidential term, we will first look at the core psychological question of the term: the projection of power in a period most think will be … Continue reading

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The tired, the poor and the huddled masses

March was Alexei Navalny’s month. One year before Russia’s next presidential election, protests prompted by a corruption investigation by the opposition candidate into the fortunes of Dmitry Medvedev conquered the streets of Moscow and what is probably even more important, … Continue reading

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Europe’s Game – Part 1

Pro-Russian rebels held illegal elections in the Donbass on 2 November, which Russia first recognised then only “respected”. Meanwhile, Ukrainian authorities and NATO reported a serious Russian military build-up in Eastern Ukraine. Vladimir Putin was told off at the G20 … Continue reading

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When the wells run dry

Those critical of Western sanctions against Russia usually point at the fact that these measures have so far failed to do their job. They failed to bring meaningful changes in Russia’s foreign and domestic policies and failed to stop the … Continue reading

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Go back to Start, do not collect $200bn

Sometimes words can hurt more than actions. Last week, the president of the European Central Bank, Mario Draghi said that capital flight from Russia might be four times as high as reported by Russia’s government. So far, the finance ministry … Continue reading

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