Showing posts with label Putin. Show all posts
Showing posts with label Putin. Show all posts
By Derek Hunter

On Wednesday April 8th, Greek Prime Minister, Alexis Tsipras, and Russian President, Vladimir Putin met in Moscow at a time when their interests were uniquely intertwined. Russia, of course, is still subject to broad sanctions for its role in the Ukraine civil war, while Greece faces its bailout extension deadline in June. Greece is facing the prospective of another refinancing with significant austerity measures that are politically unpopular at home. While it is unlikely, as the Financial Times reports, Greece could be courting Russia as an alternative source of financing should an EU bailout prove unpalatable. 
By Catherine Kent

The G20 Summit in Brisbane, Australia, which concluded on Sunday, November 16, reportedly had tight security.  Protests were expected  against President Putin and Russia’s alleged involvement in Ukraine. A few days before the summit, Putin remarked that the U.S. sanctions on Russia were a mistake, as they were not only in violation of international trade law, but also undermined trade. When asked if he would bring up the sanctions at the summit, Putin said no, because this would be “pointless.” After the conference ended on Sunday, November 16, (and trade sanctions had not been discussed), Putin commended the summit for its “constructive atmosphere ”.
By Kristen E. McCannon

Vladimir Putin argued on November 14 that international sanctions against Russia violate international law. Speaking prior to the G20 Summit in Brisbane, the Russian President claimed that the United Nations Security Council must approve economic sanctions, and therefore that the current sanctions are illegal because they were imposed by Western countries in the absence of such approval. President Putin also suggested that the sanctions might violate the principles of the World Trade Organization.
By Stephen Levy

The United States began its sanctions program to discourage the conflict in Ukraine by targeting individuals. In March 2014, the President issued a stream of Executive Orders targeting first individuals directly violating the territorial integrity of Ukraine, then moving onto those who “undermine[d] democratic processes and institutions in Ukraine”. In the State Department’s own words, the United States is directly targeting “individuals in Putin’s inner circle” to “send a strong message to the Russian government that there are consequences for their actions”.

To emphasize this strategy, the U.S. government has gone in search of both the financial assets and the playthings of the implicated Russians. The Department of Homeland Security announced it was on the hunt for “shiny toys” owned by the implicated individuals in the United States. Homeland Security’s Foreign Corruption Investigations Group was tasked with investigating the sanctioned persons, with the Treasury Department to freeze the assets.  Similar efforts have propped up through the European Union as well.

Has that actually taken place? The answer, perhaps unsurprisingly, is a resounding “kind of.”
By Jenny Park

President Putin and Russian officials are espousing self-sufficiency in response to U.S. and EU sanctions. They believe that these sanctions will only help Russia become more resilient. Consequently, Russia has imposed its own sanctions, including ban on food imports from EU countries. This trend has echoes of the Soviet era as Russia appears to become more of a closed society. 

Read more here.
By Catherine Kent

Reuters reports that since the West first placed sanctions on Russia in response to Putin’s involvement in the Ukraine, Putin has been largely successful in spreading anti-Western rhetoric and U.S. conspiracy theories. As most of Russia gets their news from state television, which mirrors Putin’s views, he has been able to deflect the blame. Despite Russia’s recent economic downturn, Putin has maintained an 80% approval rating.

Putin claims that the sanctions will only help Russia’s economy, as they allow Russia to isolate itself from reliance on foreign countries and develop its own domestic industries. However, Putin’s take is not supported by the facts, indeed, the Ruble has lost 20% against the US Dollar last year.
By Jenny Park

In a New York Times Op-Ed, Simon Morrison shares his observations about the Russian defiance of U.S. sanctions, and reasons for Putin’s high ratings. While characterizing Russia’s view of the Ukrainian conflict as illusory, Morrison attributes much of this defiance to nostalgia. This nostalgia stems from Crimea’s role in the Russian Empire as well as heavy propaganda from the Russian media. Interestingly, Morrison juxtaposes these sensibilities to the American right-wing media’s nostalgia for a Reagan-era empire and to its accompanying partisan rhetoric. 
By Catherine Kent

Wall Street Journal  reports that both the Russian Prime Minister Dmitry Medvedev and the Russian Economy Minister Alexei Ulyukayev are acknowledging the harmful effects on Russia’s economy of the new Western sanctions. While President Valdimir Putin seems to see the issue differently, according to Economy Minister Ulyukayev, the “global capital markets are practically closed to [Russian] companies.”  Lacking the requisite investment and capital, Russian companies are cut off from even the possibility of domestic growth.  
By Stephen Levy

Vladimir Putin wants to restructure Russian consumer’s buying habits with his counter-sanctions, Quartz noted in a report on September 12th, not just harm EU and US companies. Putin’s announced sanctions, primarily used cars and clothes, more closely match the industries Putin previously targeted for domestic production than industries that would harm western exporters. As the article notes, the sanctions do not touch new cars, a much larger source of western exports.  As the article hints, though, urban Russians with a taste for western luxuries might not appreciate having to consume solely domestic products.
By Aliza Kempner

As the conflict continues to smolder between Russia and Ukraine, new participants are hoping to step onto the natural gas scene. Azerbaijan, a small country seated between Russia and Iran, is looking to build a $45 billion natural gas pipeline to channel gas into Europe, territory previously covered by Russia’s natural gas supply. Connecting its drilling operations in the Caspian Sea to Italy, the preliminary plan is to carry 16 billion cubic meters of natural gas per year.

Politico has more on Azerbaijan’s ambitious plan and the possible threat it poses to Vladimir Putin. 
 By Julie Inglese

“No other Winter Games has faced such an acute terror threat. No other Winter Olympics has been so engulfed in politics. No other recent Olympics has been so closely associated with one man — Putin, the "captain" of the Sochi team.” 

The Olympics is intended to bring together great athletes to create pride and unity in their countries. However, Redding explains that the world cannot stop focusing on a possible terrorist attack. An Islamic militant group in Dagestan claimed responsibility for two suicide bombings that killed 34 people in late December in Volgograd and threatened to attack the games in Sochi. 

Putin has gone through great lengths to ensure safety for all and one of the best Winter Olympics yet. Let’s hope Putin delivers.