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A Merry Christmas for Russia's billionaires
RUSSIA / FSU POLITICS · In Brief · 02 Dec 2020

On December 1 Bloomberg revealed that Russian billionaires have gained USD 468 million to their fortunes in 2020. The stock market rally in November really helped this.Of the 22 richest people in Russia: 16 of them gained a total of USD 14 billion and 6 lost a total of USD 13.6 billion. Suleiman ...

Incoming President of Moldova calls for Russian troops to leave
RUSSIA / FSU POLITICS · In Brief · 01 Dec 2020

On November 30 Maia Sandu said that Russian troops should leave Transdnistria. Transdnistria is a region of Moldova that broke away in 1991. Russian troops have been there ever since. Moscow says that they are peacekeepers. Moldova says that they are occupiers. Sandu wants unarmed European observ...

Russia consumer spending down
RUSSIA / FSU POLITICS · In Brief · 01 Dec 2020

On Black Friday there was a 39% YoY fall in spending in stores. By contrast some e-commerce sites reported sales bonanzas. Online shopping was 61% more than on a typical Friday. That is still not enough to compensate the retail sector for the collapse in in-person shopping. Wildberries and Ozon a...

UK labs say Russian coronavirus vaccine works
RUSSIA / FSU POLITICS · In Brief · 30 Nov 2020

On November 29 a British lab said that Sputnik V is ''reasonably effective''. Professor Ian Jones of the University of Reading approved the vaccine. There are still some doubts over the data supplied.Professor Evans at the London School of Hygiene and Tropical Medicine also voice confidence in th...

Sharp rise in private investment worries Russian authorities
RUSSIA / FSU POLITICS · In Brief · 30 Nov 2020

Retail investors have started investing in stocks as they seek better returns due to ever reducing bank interest rates. The Central Bank of Russia (CBR) is perturbed that this will jeopardize the financial sector.There has been high inflation since the early 1990s. There have been high bank depos...

Luakshenka: I will retire when new constitution takes effect
RUSSIA / FSU POLITICS · In Brief · 29 Nov 2020

On November 27 Lukashenka said that once the new constitution is implemented he will retire as president. He said the constitution must limit presidential prerogatives. He has not set a date for the new constitution to come in.Earlier in November Lukashenka said he had no intention of resigning t...

Local elections in Ukraine
RUSSIA / FSU POLITICS · In Brief · 28 Nov 2020

In Lviv Mayor Andriy Sadovyi was re-elected with 62% of the vote. This was well ahead of the challenger who is an ally of Poroshenko. However, Sadovyi only won in the second round. In the first round no one secured over 50% of the vote.On November 24, on Lviv City Council the European Solidarity ...

Polluting factory in Russian North to be closed
RUSSIA / FSU POLITICS · In Brief · 28 Nov 2020

A Nornickel factory in Nikel, Murmansk Region will be shut. It emits 80 000 tons of sulfur dioxide as well as other dangerous gases each year. The nickel producing factory is to Norway. The Norwegians have repeatedly complained about it. There is acid rain on the taiga forest on the Kola Peninsul...

India to make 100 million doses of Russian coronavirus vaccine
RUSSIA / FSU POLITICS · In Brief · 27 Nov 2020

On November 27 Russia announced that the Sputnik V vaccine will be made by Hetero. The Indian drug maker will manufacture 100 million doses. Sputnik V will be produced in Brazil, China and South Korea.The Russian Direct Investment Fund is part funding this. Production will commence early in 2021....

Azerbaijan outraged at French Senate endorsing Nagorno Karabakh independence
RUSSIA / FSU POLITICS · In Brief · 27 Nov 2020

On November 26 Baku demanded that France be expelled from the Minsk Group. The group consists of France, Russia and the USA, The OSCE controls the Minsk Group. France is more sympathetic to Armenia than any other Western country.The French Senate proposed that Nagorno Karabakh be recognized as in...

Russia fires new hypersonic missile
RUSSIA / FSU POLITICS · In Brief · 27 Nov 2020

On November 26 a Tsirkon missile was fired from a warship: Russia proudly announced. The missile traveled at Mach 8 and hit a target in the White Sea 450 km from its launch.Putin said that Russia might be obliged to station Tsirkon missiles close to the US coast if an arms control agreement is no...

Facebook fined for not sharing data with Russian Government
RUSSIA / FSU POLITICS · In Brief · 26 Nov 2020

On November 26 Facebook paid a USD 53,000 fine because it was not obeying a data localization rule. The fine is worth 90 seconds of profit. Facebook is booming in Russia. The 2016 law obliges all foreign tech companies to store data on Russian residents on servers in Russia. The Kremlin's critics...

Rosneft starting new Arctic project
RUSSIA / FSU POLITICS · In Brief · 26 Nov 2020

On November 25 Rosneft announced new operations in the Russian Far North. Environmentalists have denounced this. Rosneft's CEO Igor Sechin informed the president in person. Putin recently signed a new law expediting further investments in the Arctic. The two men are very close.A 770 km pipeline a...

IMF advises Russia to prolong coronavirus support
RUSSIA / FSU POLITICS · In Brief · 26 Nov 2020

IMF advises Russia to prolong coronavirus support packageOn November 25 the IMF praised Russia's handling of the economic fallout from coronavirus. The IMF suggested that the government show greater liberality in social support spending.The IMF said that Russia's fiscal conservatism had put it in...

Coronavirus rising in Russia
RUSSIA / FSU POLITICS · In Brief · 25 Nov 2020

On November 24 Russia stated that there were 507 coronavirus deaths. That is the highest ever. There were close to 27,000 new infections. The healthcare system is struggling. The death toll is almost 38 000. Many believe that the true figure is much higher. There have been 120 000 more deaths YoY...

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