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Turkmen President appoints his son as deputy PM
RUSSIA / FSU POLITICS · In Brief · 16 Feb 2021

On February 12 Gurbanguly Berdymukhamedov made his son Serdar the Deputy Prime Minister. Serdar was also made Chairman of the Control Chamber. Serdar Berdymukhamedov has already held various ministerial posts and a governorship. It is speculated that the 39-year-old will succeed his father.Presid...

FixPrice in Russia will launch IPO in London
RUSSIA / FSU POLITICS · In Brief · 16 Feb 2021

On February 15 the Russian discount store announced an IPO. It is estimated the company will be found to be worth USD 6 billion. There will be a secondary listing on the Moscow Exchange. FixPrice says it is the fastest growing value retailer on earth. Its most expensive product is USD 3.40.FixPri...

Lavrov: Russia is willing to sever ties with the EU
RUSSIA / FSU POLITICS · In Brief · 14 Feb 2021

On February 11 the Russian Foreign Minister said that if the EU introduces more sanctions then Moscow is prepared to reduce links with the EU. The EU will hold a meeting on February 22 to consider additional sanctions on Russia, such as travel, bank and asset freezes on Putin's coterie. The reaso...

Rosneft profits down 80% YoY
RUSSIA / FSU POLITICS · In Brief · 13 Feb 2021

On February 12 Rosneft announced a huge fall in 2020 profits. That is due to the drop in crude prices. The profit was USD 2 billion. Dividend payments are being made nonetheless. BP has a 19.8% stake in Rosneft. Shell and BP declared losses in 2020.In Q3 2020 Rosneft suffered a loss of USD 870 mi...

Belarus convenes a People's Assembly
RUSSIA / FSU POLITICS · In Brief · 12 Feb 2021

On February 11 Lukashenka declared that a People's Assembly shall be summoned. Its task will be to discuss development until 2026 and to propose constitutional amendments. The Assembly is effectively composed of people selected for their loyalty to the president. Lukashanka called the protests ag...

Russian family savings increase twofold in 12 months
RUSSIA / FSU POLITICS · In Brief · 12 Feb 2021

Data released by Rosstat on February 10 showed that savings are up dramatically despite incomes going down. Russian household savings are now USD 70 billion. People have saved more because they cannot spend on travel and entertainment as much. Working from home also helped. Household consumption ...

Russia planning to streamline guest worker regulations
RUSSIA / FSU POLITICS · In Brief · 11 Feb 2021

On February 10 the government said it is examining the simplification of the visa process for migrant laborers. The country has been confronted by an accute paucity of workers in farming, construction and public sanitation. In March 2020 Russia closed its borders. Tens of thousands of guest worke...

Russian limp growth means country will not reach advanced economy status
RUSSIA / FSU POLITICS · In Brief · 11 Feb 2021

On February 11 the IMF stated that Russia's anemic economy means that the country will not achieve advanced status. Growth was a poor 1.3% even before coronavirus struck. The economy contracted by 3.1%: less than almost any other major economy. That is partly attributable to the absence of a seco...

Russia declines to attend European security seminar
RUSSIA / FSU POLITICS · In Brief · 10 Feb 2021

On February 9 Moscow turned down an offer to take part in a security conference with the Organization for Security and Cooperation in Europe (OSCE). The OSCE comprises 57 countries. Since 1991 Russia has always taken part. The refusal is a symptom of Russian disaffection, and Moscow stated that a...

St Petersburg Exchange booming
RUSSIA / FSU POLITICS · In Brief · 09 Feb 2021

Reddit has helped investment make St Petersburg (SPB) become the largest exchange in Russia. SPB trading reached USD 36.1 billion in January 2021. That was ahead of Moscow's bourse at USD 30.2 billion according to Bloomberg.SPB is mostly about Russian retail investors. SPB enables them to purchas...

Turkmenistan hosted Taliban talks
RUSSIA / FSU POLITICS · In Brief · 09 Feb 2021

On February 6 Ashgabad had a Taliban delegation in town for negotiations. The Turkmen Government routinely denounces internal dissidents as Islamic extremist even if they are totally secular. But the government is in talks with the Taliban because Turkmenistan borders Afghanistan. The issues were...

EU states to expel Russian diplomats
RUSSIA / FSU POLITICS · In Brief · 09 Feb 2021

On February 8 Germany, Sweden and Poland announced that each were expelling one Russian diplomat. This is hitting back for Russia's expelling a diplomat from each of those three countries. The EU diplomats were expelled for attending a pro Navalny rally.EU foreign policy commissioner Josip Borrel...

Hungary buys Russian vaccine
RUSSIA / FSU POLITICS · In Brief · 08 Feb 2021

On February 7 Hungary licensed Sputnik V, and 40,000 doses of it have already arrived in the country. Hungary has ordered a further 2 million doses. Hungary is an EU member state but it has fractious relations with the rest of the EU. The Prime Minister is notably pro-Russian. No other EU country...

Russia mulls investment anonymity for Crimea
RUSSIA / FSU POLITICS · In Brief · 07 Feb 2021 · 2 responses

Moscow is thinking about allowing those who put money into Crimea to keep their identities secret. The government is eager to generate more business on the disputed peninsula. In 2014 Russia took (or, as they would say, "liberated") Crimea from Ukraine. The US and EU imposed sanctions on business...

Turkey and Azerbaijan conduct combined military manoeuvres on Armenian frontier
RUSSIA / FSU POLITICS · In Brief · 06 Feb 2021

On February 2 the two countries' armies exercised in eastern Turkey. This was close to the frontier with Armenia. Turkish troops are openly stationed in Azerbaijan. Up till now Azerbaijan has not sent a significant number of troops to Turkey.The ostensible reason for the drill was to practice fig...

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